WOOD has launched a new fund that will invest in technologies developed by small and medium enterprises (SMEs) for nuclear decommissioning.
The Wood Nuclear Innovation Fund aims to find new ways to minimise human intervention in decommissioning and dismantling processes at nuclear facilities, as well as to increase productivity and optimise waste treatment.
Bob MacDonald, CEO of specialist technical solutions at Wood, said:
“The UK government and Nuclear Decommissioning Authority wants industry to deliver safer, cheaper and faster decommissioning and to meet this challenge, it will be necessary to deploy new or existing technologies in ingenious and innovative ways. Wood is already investing seedcorn funding in a number of areas, including our SIAL nuclear waste encapsulation technology, and now we are inviting SMEs to put forward investment-ready proposals.”
Proposals by SMEs which are successful will be assisted by Wood’s commercial, operations, and business development teams.