Sunday, October 17, 2021

Small nuclear power plants – Macron plans to invest 30 billion in French industry

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France should become a pioneer in innovation, according to French President Emmanuel Macron. That is why the state wants to provide billions for industry. A part is to flow into the expansion of atomic energy.

French President Emmanuel Macron has announced state aid totaling 30 billion euros for his country’s industry. This aid should help France lead in innovation and research in the coming years, Macron said in a speech in Paris on Tuesday. One billion euros of the sum is to be invested in the expansion of nuclear energy.

“There are some areas in which we as French and Europeans should take a leadership role,” said Macron to government officials and entrepreneurs at the Elysée Palace. His first goal was to invest in new, small nuclear power plants (SMR – small modular reactor), which are safer. Investments must also be made in new technologies for better processing of nuclear waste.

The intensive electricity production should in turn be used to produce green hydrogen, announced Macron. “We must not make the same mistake as we did with renewable energies,” said the head of state. “We have to invest heavily in our industrial offering,” he added. In addition, two million electric and hybrid cars should be produced in France by 2030.

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