Story perspectives

Polish Billionaire Funds £35bn UK SMR Project, Google Partner

7/2/2026

Summary

Story summary

Polish billionaire Michal Solowow is mobilising £35 billion of private capital for UK small modular nuclear reactors.
The SGE SMR consortium applied to build 14 BWRX-300 reactors at three UK sites, targeting 2034 start-up.
Each 300-MW unit costs £2.2-£2.5 billion, a scale that could affect consumer electricity prices.
A joint venture with Google Cloud will channel up to £4.5 billion into data-centre projects, while a contracts-for-difference model could raise energy bills if delays occur.

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Story summary

Polish billionaire Michal Solowow is mobilising £35 billion of private capital for UK small modular nuclear reactors.
The SGE SMR consortium applied to build 14 BWRX-300 reactors at three UK sites, targeting 2034 start-up.
Each 300-MW unit costs £2.2-£2.5 billion, a scale that could affect consumer electricity prices.
A joint venture with Google Cloud will channel up to £4.5 billion into data-centre projects, while a contracts-for-difference model could raise energy bills if delays occur.