ULC-Energy is a nuclear development company focussed exclusively on The Netherlands. ULC-Energy brings together everything that is necessary for the successful realisation of new nuclear projects. This includes coordinating a location, an operator, relevant licences, shareholders, funding, customers for the output of the SMR and the commercial contracts associated with the realisation of the power plant. ULC-Energy does not intend to do all of this by ourselves and have entered into a number of cooperation agreements with strategic partners. 

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As The Netherlands decarbonises its economy, the demand for clean energy will increase tremendously and a significant portion of this demand will require continuous supply of affordable clean energy. A nuclear power plant can deliver clean energy continuously with an average capacity factor of 95% and importantly the vast majority of downtime will be related to scheduled maintenance and refuelling and therefore can be planned.

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In its early assessment ULC-Energy concluded that it would focus on proven technology and proven fuel SMRs given their mature technology risk profile, established supply chains and manufacturing benefits. ULC-Energy also observed that the leading independent nuclear utilities preferred these same larger light water reactor SMRs over alternatives.