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.
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