10 Nov 2021
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.
21 May 2020
Engine maker Rolls-Royce has announced plans to cut some 9,000 jobs globally as it grapples with the collapse in air travel due to the COVID-19 pandemic.