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William Magwood / NEA Head Says Cost Is Driving Nuclear Industry Towards SMRs

By Kamen Kraev
3 June 2020

NuScale reactor could be on market by end of year ‘as a real product’, says agency’s Director-General
NEA Head Says Cost Is Driving Nuclear Industry Towards SMRs
William Magwood: ‘the nuclear sector needs to evolve to reflect the market’. Photo courtesy NEA.
Competition in the nuclear industry – including from China and Russia – is leading to more choice in terms of reactor technology, but financing and contract terms are often the determining issue for many customers, with small modular reactors attracting attention because of their affordability, Nuclear Energy Agency Director-General William Magwood told NucNet.

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