Rolls-Royce SMR Selected For UK's First Small Modular Reactors
The UK has chosen Rolls-Royce SMR to construct its first small modular reactors, aiming to accelerate power network decarbonisation by the mid-2030s. The project, backed by 2.5 billion pounds, highlights SMRs' potential in avoiding costs and delays of traditional nuclear plants. Rolls-Royce SMR, competing for a major technology contract, will partner with Great British Energy.
In a significant move towards sustainable energy, Britain has tapped Rolls-Royce SMR to build its inaugural small modular nuclear reactors. This initiative is part of a broader strategy to hasten the decarbonisation of the country's power network by the mid-2030s.
Small modular reactors (SMRs) have been championed by successive British governments as a cost-effective alternative to traditional nuclear power plants, which are plagued by high upfront costs and planning delays. The government recently announced a commitment of over 2.5 billion pounds to support the SMR programme.
An official partnership will be formed between Rolls-Royce SMR and the state-owned Great British Energy once regulatory approvals are secured. Named as the preferred bidder after a competitive two-year process, Rolls-Royce SMR is poised to enter a significant multi-billion-pound technology contract. The engineer behind the venture, Rolls-Royce, is renowned for its role in powering the UK's nuclear submarines.
(With inputs from agencies.)
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