A coalition of companies led by automotive developers Rolls-Royce is set to open 16 new mini-nuclear factories in the UK in a bid to help meet the government's new net-zero targets.
The multi-billion pound project will create 6,000 new jobs in the Midlands and the North of England within the next five years in a field the government say is essential to meet their goals.
Dubbed the "small modular reactor" (SMR) group, the plan also brings together other companies such as the publicly-owned National Nuclear Laboratory and building company Laing O'Rourke.
The government are set to announce a £200 million (€223 million) grant for the initiative as part of a green recovery scheme.
Rolls-Royce hopes that, aside from producing low-carbon power, the venture may end up becoming an export industry.
Last year it received £18 million (€20.1 million) in funding to begin designing its SMR concept.
Six of the UK's seven nuclear sites are due to cease operations by 2030 when the initial net-zero goals are due to be met with the remaining plant, Sizewell B, due to be decommissioned in 2035.
Combined, they account for 20% of the UK's total electricity.
The reason that plants are being scaled down is to reduce the amount of construction normally required for nuclear plants, according to consortium head Tom Samson.
Samson told the BBC: "If we move all that activity into a controlled factory environment that drives down cost by simplification and standardisation."
Each plant will produce 440MW of electricity with the hope aside from the first few, each plant will only cost around £2 billion to make.
A larger plant is to be built at Hinkley Point in Somerset to the tune of £22 billion. This facility is expected to produce 3GW of energy annually.
They hope to have the first of these modular plants operational within the next decade, with a new one following every year or so after.
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