Kathmandu. The United States and the United Kingdom have signed a landmark energy and technology agreement to accelerate the UK’s energy security and economic growth. Under the Atlantic Partnership, the two countries will collaborate on the development of advanced nuclear energy technologies, especially Small Modular Reactors (SMRS).
The deal aims to significantly shorten the regulatory approval process for nuclear projects. Earlier, the license process which used to take about 4 years will now be completed within 2 years. It is believed that this will help accelerate the investment and development in the energy sector.
Major commercial projects
With this announcement of this partnership, many large commercial projects have also moved forward.
X-Energy and Centrica of the United Kingdom have signed a joint development agreement. The two companies plan to build up to 12 advanced modular reactors in Harlepool. It is estimated that about 2,500 new jobs will be created.
In another significant agreement, Holtec and EDF are set to build data centres powered by small modular reactors in Nottinghamshire.
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Apart from the energy sector, this partnership has also opened doors to cooperation in the technology sector. A new deal is expected to be signed between US and UK tech companies. This includes plans by Nvidia and OpenAI to set up data centres in the UK. This will attract more investment in technology including artificial intelligence (AI).
The UK government considers nuclear energy to be an important part of its energy mix, making it a key pillar of green energy and energy security. The deal is expected to play an important role in increasing the UK’s own nuclear power generation capacity and encouraging foreign investment. This is expected to increase the production of clean energy and help reduce carbon emissions.
It marks a new chapter in energy security and economic growth for the UK. Analysts say that this will further strengthen the special relationship between the two countries in the field of energy and technology.
