A Rolls-Royce consortium is planning on building nuclear reactors and is in the process of securing £300 million of venture capital to develop the concept.
The 470 megawatts generated from each “small modular reactor” would be enough to power 1 million homes and businesses and will deliver energy security, jobs, sustainable value, a robust supply chain, exports and low carbon technology.
From Rolls-Royces Small Modular Reactor Brochure
“Leading a consortium of UK companies, our Small Modular Reactor (SMR) concept is designed for
factory manufacture and commissioning, opening up the significant cost benefits of scale, speed of installation and reduced onsite construction work. Generating between 400- 600MW and promising
500 day start-to-finish construction period, it’s a truly innovative concept that will redefine how low carbon
power is delivered. Rolls-Royce is the UK’s only nuclear island systems designer, supply chain integrator and manager, and has a long history of supplying specialised components, systems and services to the civil nuclear industry. For more than 40 years we have designed, engineered, manufactured and supplied
custom equipment for both new build projects and operational reactors around the world. Now we’re applying that to a new design to meet the low carbon needs of our energy future”.
Rolls-Royce Small Modular Reactor Brochure. Here