Lord Fowler
Main Page: Lord Fowler (Crossbench - Life peer)There is only one SMR that is scheduled for production before 2028, which is in Canada, and that may well slip anyway. As set out in the energy White Paper, our aims are operational SMRs by the early 2030s, a demonstrator AMR also by the early 2030s, and a commercially viable fusion plant by 2040. We see these advanced nuclear technologies as complementary, given strong synergies between their supply chains and the multiple roles they could perform in the energy system.
The noble Lord, Lord Trefgarne, is next. No? I call the noble Lord, Lord Ravensdale. Is the noble Lord there?
My noble friend is absolutely right that the UK is still one of the front-runners of the development of SMRs, because we acknowledge that SMRs and, indeed, advanced modular reactors will also play an important role as a low-carbon source. The Government announced a £385 million advanced nuclear fund in the energy White Paper, which will support the research and development of both SMRs and AMRs. Of course, we watch with interest the development of other research projects abroad.
We will continue for a further 60 seconds because of the earlier problem.
My Lords, will increased electricity demand require a national grid to place greater reliance on existing submarine power supplies from France, Belgium, the Netherlands and/or southern Ireland? What impact on cost arises following the UK’s departure from the European Union? Will this lead to reconsideration of the future interconnector links planned with Norway and Denmark?
Interconnection remains an important part of the UK’s energy strategy, delivering lower costs, increased energy security and better integrated low-carbon generation. The UK-EU Trade and Cooperation Agreement provides for new, efficient electricity trading arrangements over these interconnectors, making electricity more affordable for consumers. Future projects to Norway and Denmark are under construction, with the North Sea link due to complete in autumn this year, and the Viking link due for completion in late 2023.
My Lords, the time allowed for this Question has now elapsed. We come to the third Oral Question.