Rolls-Royce, the aerospace behemoth, has been given permission to construct Britain’s first small modular nuclear reactors.
The U.K. government has backed British aerospace company Rolls-Royce to construct the nation’s first compact modular nuclear reactors. This confirms Britain’s support for nuclear power and comes after a two-year selection process.
Following a two-year selection process, the statement underlines Britain’s commitment to nuclear power, especially in light of its Tuesday pledge to invest £14.2 billion ($19.2 billion) in the construction of the massive Sizewell C power station in eastern England.
The decision was hailed by Rolls-Royce, which said it marks a “particularly significant milestone” for the company and Rolls-Royce SMR.
Plans to construct the nation’s first small modular reactors (SMRs) are expected to boost regional economies, generate thousands of jobs, and improve energy security, according to U.K. Energy Secretary Ed Miliband.
When the SMRs are connected to the grid in the mid-2030s, the plans may power the equivalent of three million households and support up to 3,000 jobs, according to Britain’s center-left Labour government.
Rolls-Royce is thrilled that Great British Energy-Nuclear, the country’s state-owned energy company, has decided to construct three SMR units.
In a statement, Rolls-Royce CEO Tufan Erginbilgic said,
“It is a vote of confidence in our unique nuclear capabilities, which will be recognized by governments around the world.”
He continued,
“It is also proof that the strategic decisions we have made in the transformation of Rolls-Royce are working.”
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