Rolls-Royce Small Nuclear Reactor Likely To Win UK Approval

by Anusuya Lahiri, Benzinga Editor
April 19, 2022 7:42 AM | 1 min read |
  • A Rolls-Royce RYCEY RYCEF design for a small modular nuclear reactor (SMR) will likely win U.K. regulatory approval by mid-2024 and produce grid power by 2029, Reuters reports.
  • In the meantime, Rolls-Royce will start manufacturing parts of the design that are most unlikely to change.
  • Each 470 MW SMR unit costs 1.8 billion pounds ($2.34 billion).
  • Rolls-Royce will build each SMR on a 10-acre site equivalent to 10 football fields.
  • SMRs were cheaper and quicker to build, and users could deploy them on ships and aircraft. 
  • SMR's "modular" format helped them ship by container from the factory and install relatively quickly on any proposed site.
  • Policymakers saw SMRs help cut dependence on fossil fuels and lower carbon emissions.
  • Photo via Wikimedia Commons
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