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Rolls-Royce wins UK small nuclear reactor deal

UNITED KINGDOM, JUN 10 – The UK plans to create 3,000 skilled jobs and generate low-carbon electricity for 3 million homes using Rolls-Royce’s small modular reactors, backed by £2.5 billion government funding.

  • On Tuesday, July 23, 2024, Rolls-Royce was announced as the exclusive victor in the UK design competition for small modular nuclear reactors held in Farnborough.
  • The announcement follows a two-year government-led procurement process launched in July 2023 aimed at accelerating Britain’s first mini nuclear reactors.
  • The UK plans to invest £2.5 billion over four years into Rolls-Royce’s SMR programme which could create 3,000 jobs and supply power for three million homes by the mid-2030s.
  • Energy Secretary Ed Miliband announced that the UK is moving beyond its previous stance against nuclear power, with SMRs enhancing energy security, while Rolls-Royce CEO described the development as an important achievement for the company.
  • This deal marks a strategic shift endorsing British engineering and supports plans for cleaner energy with SMRs faster to build and smaller than traditional plants.
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caithness-business.co.uk broke the news in on Tuesday, June 10, 2025.
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