UK selects Rolls-Royce SMR to build small nuclear modular reactors
Successive British governments have championed SMRs - effectively small-scale nuclear plants - as a way of avoiding the high upfront costs, planning delays and difficulties of securing investment for traditional nuclear power stations.
The government on Tuesday pledged over 2.5 billion pounds ($3.4 billion) for the small modular reactor programme.
Rolls-Royce SMR will enter a strategic development partnership with state-owned Great British Energy - Nuclear following approvals by regulators, it said.
Rolls-Royce SMR was named as preferred bidder following a two-year competition with a multi-billion-pound technology contract likely to follow.
The company is majority owned by Rolls-Royce, the FTSE 100 engineer which makes the systems which power Britain's fleet of nuclear submarines.
($1 = 0.7396 pounds)
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Telegraph
16 minutes ago
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Labour drops plans to restrict LTNs in ‘secret war on motorists'
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Telegraph
16 minutes ago
- Telegraph
Eberechi Eze ‘to sit out Crystal Palace match' as Spurs move edges closer
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Daily Mail
an hour ago
- Daily Mail
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