Viaro Energy, the company that acquired Bacton Gas Terminal last year, has set its sights on a bold new venture. In October, the company revealed that the coastal site is one of its target locations for a new generation of “small scale” nuclear plants in the UK. The announcement has gained momentum in the wake of the government’s recent decision to reform the “archaic” planning rules, which have been stalling the construction of mini nuclear power stations, known as small modular reactors (SMRs). This move marks the first time SMRs will be included in planning rules, and the list of places nuclear reactors can be built – which is currently limited to just eight sites – will also be scrapped.
The potential for SMRs in the UK is substantial. Viaro Energy, in collaboration with US tech company Terrestrial Energy, has entered the first phase of evaluating the feasibility of a joint nuclear project. This initiative includes a detailed analysis of potential target sites, with Bacton being a key contender. Viaro will provide the infrastructure and investment for the deployment of Terrestrial’s zero-carbon IMSR (Integral Molten Salt Reactor) plants. These small modular reactors are designed to produce thermal energy at high temperatures, suitable for direct industrial use and electricity generation, including powering data centres for artificial intelligence (AI).
The implications of this development are far-reaching. Nuclear power currently provides around 15% of the UK’s electricity, and the integration of SMRs could significantly bolster this figure. The flexibility and scalability of SMRs make them an attractive option for meeting the UK’s net-zero emissions targets. Additionally, the ability of these reactors to produce high-temperature thermal energy opens up new possibilities for industrial applications, potentially transforming sectors such as manufacturing and data centres.
The reform of planning rules is a game-changer. By including SMRs in the planning framework and expanding the list of potential sites, the government is sending a clear signal that it is committed to diversifying the UK’s energy mix. This move could accelerate the deployment of SMRs, providing a reliable and low-carbon source of energy that complements renewable sources like wind and solar.
The collaboration between Viaro Energy and Terrestrial Energy is a strategic partnership that leverages the strengths of both companies. Viaro’s extensive experience in the energy sector and its significant assets, including the Bacton Gas Terminal and numerous North Sea gas fields, position it well to support the deployment of SMRs. Meanwhile, Terrestrial Energy’s innovative IMSR technology offers a cutting-edge solution for clean energy production. The partnership aims for an international rollout of IMSR plants by 2030, with the UK potentially serving as a launchpad for this global initiative.
The potential for SMRs to transform the UK’s energy landscape is immense. These reactors offer a scalable and flexible solution for meeting the country’s energy demands while reducing greenhouse gas emissions. The government’s decision to reform planning rules and the strategic partnership between Viaro Energy and Terrestrial Energy are significant steps towards realising this potential. As the feasibility study progresses and more sites are evaluated, the UK could be on the cusp of a nuclear renaissance that could reshape the energy sector for decades to come.
