Nuclear power generation technology innovation to benefit from new £2 million investment

Nuclear power generation technology innovation to benefit from new £2 million investment

27 Sep 2010

Twenty feasibility studies aimed at stimulating innovation in civil nuclear power generation technology are to share £2 million of support from the government-backed Technology Strategy Board. 

The studies will address a wide range of challenges, from non-destructive testing, waste handling and condition monitoring to materials modelling, advanced manufacture & maintenance technologies and construction methods.  All the studies - which will last between 6 and 12 months - are industry led, many having SMEs as the project leader or a major contributor.  The studies will assist UK businesses in developing technologies to support the civil nuclear industry, while strengthening the supply chain.

Iain Gray, Chief Executive of the Technology Strategy Board, said that many of the applications for funding were made by small and medium-sized enterprises (SMEs) currently working in other sectors, and that this was particularly welcome:

 "We see the transfer of innovative technologies from other sectors and support for SMEs, working with major companies in the civil nuclear sector, as essential in developing and sustaining the strongest possible UK supply chain.  Many of these studies will be led by SMEs, or will have their strong involvement." 

With a global market valued at around £600 billion for new nuclear power installations and £250 billion for decommissioning, waste treatment and disposal, the predicted resurgence in the nuclear power market over the next twenty years should lead to significant global opportunities for British businesses in the area of nuclear engineering and its associated technologies.

The funding follows the publication earlier this year of a review commissioned by the Technology Strategy Board of the UK's nuclear R&D capability.  This concluded there were a number of areas where the UK still had outstanding capability, from which, with suitable support and development, there could be sustained benefit.  The review highlighted, in particular, the latent potential within UK SMEs to encourage innovation in the civil nuclear sector by transferring skills and technology to, and from, larger companies in a number of key underpinning areas.  The engagement of SMEs with major players in the civil nuclear sector will also help to develop a strong UK supply chain. Ends

For full press release including notes to editors please follow this link

  1. Companies and other organisations seeking further information about this and other funding competitions should visit the competitions page of the Technology Strategy Board website - www.innovateuk.org, email support@innovateuk.org or phone the helpline on 0300 321 4357.

Issued by:  Nick Sheppard, Media Relations Consultant, Technology Strategy Board, Mobile: 07824 599644, Email: nick.sheppard@tsb.gov.uk

 

 

Last updated on Monday 27 September 2010 at 10:32

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