Thursday, 2nd May 2024
To guardian.ng
Search

Britain commits $283 mln to Rolls-Royce for small nuclear reactors

By Reuters
10 November 2021   |   6:27 am
Britain has backed a $546 million Rolls-Royce funding round to develop the country's first small modular nuclear reactor, in a drive to reach net zero carbon emissions and promote new technology with export potential. Hitting this goal by 2050 will require a huge increase in low-carbon power generation such as wind, solar and nuclear, but while large-scale new nuclear projects have struggled for funding, Britain is now banking on smaller versions.

0 Comments

Your email address will not be published. Required fields are marked *

Related

4 days ago
Paris's landmark museum is gearing up for the Olympics, with a special exhibition that takes visitors through the history of the Games. We hear more about a project for those who want to combine exercise and culture, as the Louvre launches a fitness circuit that puts participants among the artwork. Plus, a new show shines a light on the work of mysterious Dutch painter Jan van Eyck, and French land artist Saype gets his first solo show in Paris, after painting his immense frescoes on landscapes around the world.
4 days ago
Buckingham Palace confirmed that the UK monarch will restart his public-facing duties, nearly three months after being diagnosed with cancer.
4 days ago
The government of the Democratic Republic of Congo is accusing Apple of using "illegally exploited" minerals extracted from the country's embattled east in its products, lawyers representing the African country said Thursday.
3 days ago
Nigeria’s Federal Competition and Consumer Protection Commission is intensifying its price monitoring and surveillance exercise across the country in a bid to address irregularities in retail prices of goods and services. Adamu Abdullahi, the acting Executive Vice Chairman and Chief Executive Officer of the Federal Competition Consumer Protection Commission, joins CNBC Africa for this discussion.
2 days ago
US Entertainment giant Paramount Global announced on Monday that CEO Bob Bakish was stepping down. In this edition, we take a closer look at how the company's controlling shareholder, Shari Redstone, may have been behind this move and why the firm's value has plummeted 80 percent in the past eight years. Meanwhile in Argentina, President Javier Milei's second attempt at getting his economic overhaul package through parliament is facing fierce opposition.
1 hour ago
Oil marketers in Nigeria have attributed the reoccurrence of petrol scarcity to supply chain bottlenecks. Meanwhile, Angola has increased the price of diesel, as it phases out subsidies on the petroleum product. Rhode Luemba, Head of Flow Sales, Global Markets at Standard Bank Group, joins CNBC Africa to discuss these stories and more.