Published by Global Banking & Finance Review®
Posted on July 30, 2025
1 min readLast updated: January 22, 2026
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newcleo suspends its UK lead-cooled fast reactor project, affecting a £4 billion investment and 800 MW power production plan.
LONDON (Reuters) -Energy firm newcleo said on Wednesday it would suspend its programme to develop lead-cooled fast reactors (LFR) in Britain and substantially wind down its UK activities.
LFRs are a type of small modular nuclear reactor technology which are smaller than conventional nuclear reactors.
The firm, established in and headquartered in Britain, said it had planned to develop up to four such reactors in the UK, producing a total of 800 megawatts, enough to power around 1.6 million homes, and representing around 4 billion pounds ($5 billion) of investment.
($1 = 0.7525 pounds)
(Reporting by Nina ChestneyEditing by Mark Potter)
Newcleo announced that it will suspend its programme to develop lead-cooled fast reactors in Britain and substantially wind down its UK activities.
Lead-cooled fast reactors (LFRs) are a type of small modular nuclear reactor technology that are smaller than conventional nuclear reactors.
Newcleo had planned to develop up to four lead-cooled fast reactors in the UK, which would produce a total of 800 megawatts of energy.
The planned reactors were expected to produce enough energy to power around 1.6 million homes.
The article mentions that $1 is equivalent to 0.7525 pounds.
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