Rolls-Royce is pushing ahead with multibillion pound plans to develop and deploy a new generation of small modular nuclear reactors after raising £450m in funding from investors and the government.
Rolls-Royce said it had established a business, Rolls-Royce SMR, to deploy SMRs that could be available to the UK grid in the early 2030s.
The new business is being formed with investors BNF Resources and the US generator Exelon Generation with a joint investment of £195m to fund the plans over the next three years.
Rolls-Royce said it had established a business, Rolls-Royce SMR, to deploy SMRs that could be available to the UK grid in the early 2030s.
The new business is being formed with investors BNF Resources and the US generator Exelon Generation with a joint investment of £195m to fund the plans over the next three years.
Want to keep reading?
Register free and get full access to NucNet for 14 days. No card required.
- Daily news briefing on the global nuclear industry
- Weekly, monthly and topical newsletters
- 24/7 coverage during nuclear incidents and safety events
- Full searchable archive, 30,000+ articles since 1991
- SMR and AMR project database
- Analysis, Focus pieces and infographics
- NucNet Style Guide for nuclear reporters and communicators
After the trial, keep a free account for a newsletter and a complimentary Plus article every two weeks. Or see our subscription plans for individuals and organisations.
See subscription options
