Billionaire plans £35bn for UK nuclear reactors

A consortium led by billionaire Michał Sołowow plans to build 14 small modular nuclear reactors across the UK, using £35 billion of private capital to power approximately 8 million homes for over 60 years. The project aims to start generating electricity by 2034 and includes designs from GE Vernova and Hitachi, with potential sites like Oldbury. The initiative seeks government support through contracts for difference and aims to advance nuclear energy alongside data center investments and UK supply chain development.

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