Saturday, 27th November 2021

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.