London/Washington, Sept. 15 -- As part of 'nuclear renaissance', the governments of the UK and the US have announced a wide-ranging series of nuclear power deals in which multiple leading US-based companies will build projects overseas.

The nuclear deals by London and Washington, built under a new framework, are specifically designed to accelerate advanced reactor deployment and reduce reliance on Russian nuclear fuel.

The deals will be formally signed during President Donald Trump's state visit to London this week, the British Embassy in Washington said, reports Axios.

Termed the 'Atlantic Partnership for Advanced Nuclear Energy', the initiative promises faster safety approvals and regulatory cooperation on both sides of the Atlantic, a...