Latest news with #Rolls-RoyceSMR
Yahoo
18-07-2025
- Business
- Yahoo
Rolls-Royce SMR and ČEZ agree on Temelín site development work
Rolls-Royce SMR has signed an early works agreement with Czech utility ČEZ to commence site-specific activities at the Temelín site in the South Bohemia region of the Czech Republic. The agreement follows ČEZ's selection of Rolls-Royce SMR as its preferred partner for delivering up to three gigawatts (3GW) of sustainable power in Czechia. This initiative aligns with recent commitments by UK and Czech leaders to enhance economic growth through clean energy technology. It underscores both nations' dedication to leveraging small modular reactor (SMR) export opportunities, fostering highly skilled employment, stimulating economic expansion, and ensuring secure, domestically produced clean energy. Rolls-Royce SMR CEO Chris Cholerton stated: "This agreement is an important step forward in our partnership with ČEZ, demonstrating our shared ambition to move at pace to deliver reliable, clean nuclear power in the Czech Republic. "We are proud to be working alongside ČEZ to deliver a programme that will bring significant industrial and economic benefits to both our nations, while helping to meet critical energy security and decarbonisation goals." A joint team has been assembled to undertake preliminary tasks at the site, which already houses the operational Temelín nuclear power station, operated by ČEZ. Further deployment prospects are being evaluated at Tušimice in the Ústí nad Labem region. The scope of early works involves acquiring regulatory approvals and licences, conducting environmental assessments and executing initial groundwork at Temelín. These efforts will facilitate detailed planning processes and foster engagement with regulatory bodies for timely project rollout. Each unit from Rolls-Royce's suite of SMRs can produce 470MW of eco-friendly electricity, sufficient to supply one million households. It is designed to have an operational lifespan of more than 60 years. ČEZ new energy division and member of the board and director Tomáš Pleskač stated: 'We will closely cooperate with Rolls-Royce SMR on preparing the construction of the first small modular reactor in the Czech Republic, which is expected to be built in the Temelín locality in the mid-2030s. 'Modular reactors represent a significant opportunity for the Czech economy and are an essential part of the ongoing energy transformation. The cooperation with Rolls-Royce SMR, which we established this year, offers a unique opportunity for growth and prosperity in the field of nuclear energy, also thanks to our participation in the technology development.' In June 2025, Great British Energy – Nuclear chose Rolls-Royce SMR as the preferred bidder for the development of SMRs in the UK, subject to final government approvals and contract negotiations. "Rolls-Royce SMR and ČEZ agree on Temelín site development work" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Herald Scotland
26-06-2025
- Business
- The Herald Scotland
'Why discard 40 years of nuclear expertise?'
The 500-plus workforce at Torness clearly demonstrate the commitment of those working in the industry to delivering clean energy to millions of homes and businesses while maintaining the highest possible safety levels. We cannot thank them enough for the vital contribution they have made to our energy needs and to the local economy over the last 37 years. However, as the plant nears the end of its generating lifetime, it is essential that the industry, decision-makers and local communities consider carefully what will come next for the site, and the jobs and apprenticeships it has provided for so long. Read more: With demand for electricity set to at least double by 2050, we must explore all options for utilising low-carbon, homegrown power sources. The reliable, baseload power produced by nuclear makes it an essential part of that homegrown, clean energy mix. However, as things stand, we have a Scottish Government that is committed to using its planning powers to block any new nuclear projects in Scotland. I do not believe this outdated SNP policy has ever made sense. It has held Scotland back and cost communities the jobs and investment they need. Indeed, a recent poll demonstrated that the SNP is even out of step with most of its own supporters on this issue. According to the polling, more than half (52%) of those who voted SNP in 2021 believe nuclear power should be part of the energy mix to support the Scottish Government to reach its 2045 net-zero target. But the SNP's opposition means Scotland is also now at risk of missing out on its share of the billions of pounds of investment and thousands of new jobs that are set to be created by the UK Government's commitment to a new era of nuclear power. Douglas Alexander, Lothian East MP That UK Government investment, which includes backing plans for developing small modular reactors with Rolls-Royce SMR, will help deliver the clean-energy future that our country needs, as well as supporting growth and high-skilled jobs for the next generation. Across the UK, the nuclear workforce has already grown 35% since 2021 to a record 87,000. It contributes £20 billion to the economy and pays £9.1 bn in tax. The new investment programme is set to accelerate this growth and create even more jobs and opportunities. A recent report from Oxford Economics showed the civil nuclear sector added £1.5bn to Scotland's economy in 2024 – a rise of 32 per cent compared to 2021. More than 150 Scottish firms have won contracts for Hinkley Point C, worth £280 million. £14.2bn has now been allocated to building Sizewell C, creating more opportunities for Scottish businesses. Just imagine what could be achieved in Scotland with a Scottish Government that actively supports a new generation of nuclear power projects. Here in East Lothian, we have the potential to benefit from the existing skills and knowledge of those working at Torness by exploring options for continuing to generate nuclear power on the site. Why would we simply discard over 40 years of nuclear expertise and experience when there is the potential to build on that legacy? Read more: Anas Sarwar has already been clear that a Scottish government led by him will reverse the SNP's block on new nuclear projects in Scotland. That could help unlock opportunities at Torness and allow the site to continue contributing to a clean power system that will deliver energy security, good jobs and growth, and support efforts to tackle the climate crisis. As the local MP, I am committed to working with the industry, trade unions, both of Scotland's governments and the local community to pursue this option in the years ahead. If there is any possibility of continuing to generate clean nuclear power, provide skilled jobs and boost the local economy, we should do everything we can to make sure it happens. To do otherwise would be to fail local workers, the local economy, and households and businesses across Scotland that need the reliable, clean electricity nuclear can provide. Douglas Alexander is the Lothian East MP. He is also Minister of State for Trade Policy and Economic Security, and Minister of State in the Cabinet Office in the UK Government.
Budapest Times
23-06-2025
- Business
- Budapest Times
Hungary and United Kingdom looking to boost energy cooperation
Hungary and the United Kingdom are looking to boost bilateral ties, with energy cooperation a possible key component. During a visit to London on Thursday, Levente Magyar, parliamentary state secretary of the foreign ministry, said Hungary and the United Kingdom are looking to boost bilateral ties, with energy cooperation a possible key component. 'It is highly important to maintain dialogue even with Western allies that view the situation in Ukraine completely differently from Hungary,' Magyar said, noting that that 'in this spirit' he met Stephen Doughty, the UK's deputy foreign secretary, and examined steps both sides may take to strengthen cooperation. Energy was an important area for a potential breakthrough that could renew relations as a whole, he added, noting talks he had with representatives of Rolls-Royce SMR, with which the Hungarian government is examining the possibility of a joint nuclear reactor project.
Yahoo
11-06-2025
- Business
- Yahoo
Rolls-Royce chosen by Great British Energy to build SMRs in UK
Great British Energy – Nuclear has selected Rolls-Royce SMR as the preferred bidder to develop small modular reactors (SMRs) in the UK, pending final governmental approvals and contract agreement. The development follows a rigorous two-year competition to choose nuclear technology for deployment in the UK, aimed at generating clean energy for the country through a publicly-owned company. The competition result paves the way for cost reduction and attracting private investment - key steps towards the UK's goal of achieving one of the earliest SMR fleets in Europe. Great British Energy - Nuclear (GBN), previously known as Great British Nuclear, is an allied company of Great British Energy. The two publicly owned companies will focus on expanding clean energy production across the UK. Contracts between Rolls-Royce SMR and Great British Energy - Nuclear are expected to be signed by the end of 2025, following which the two companies will form a development company. Great British Energy - Nuclear also plans to allocate a site in 2024 to connect projects to the grid by mid-2030s. Simon Bowen, chairman of Great British Energy – Nuclear, stated: 'This announcement is a defining moment for the UK's energy and industrial future. 'By selecting a preferred bidder, we are taking a decisive step toward delivering clean, secure and sovereign power. This is about more than energy—it's about revitalising British industry, creating thousands of skilled jobs, and building a platform for long-term economic growth.' The UK government has pledged more than £2.5bn ($3.38bn) for the overall SMR programme during the current spending review period. The project could create up to 3,000 skilled jobs and provide enough clean power for three million homes. It represents one of the biggest nuclear rollouts, designed to boost energy security while protecting household finances across Britain. With SMRs and Sizewell C to become operational in the 2030s alongside Hinkley Point C's new station, more nuclear power will be added to the grid than in any previous years. Rolls-Royce SMR chief executive Chris Cholerton stated: 'This success is testament to our incredible team, which has developed a world-leading technology and worked tirelessly over the last two years to ensure we could provide a winning tender to GBN. 'As well as delivering affordable, clean energy to support our nation's energy independence – deploying three of our units will drive domestic growth by creating thousands of highly skilled, well-paid jobs and supply chain opportunities.' In 2024, Rolls-Royce SMR partnered with the University of Sheffield to create a new manufacturing and testing facility in South Yorkshire for mini nuclear reactors. "Rolls-Royce chosen by Great British Energy to build SMRs in UK" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10-06-2025
- Business
- Yahoo
Rolls-Royce to build U.K.'s first small modular reactors
June 10 (UPI) -- Rolls-Royce was selected on Tuesday to partner with Great British Energy to build the country's first small modular reactors. The British government made the announcement as part of its strategy to revive Britain's industrial background. The government is committing over $3 billion for the modular reactor program and the project is expected to create up to 3,000 jobs and give 3 million homes power. It also announced plans to build a large Sizewell C power station in eastern England with an investment of $19 billion. "Great British Energy with Nuclear has run a rigorous competition and will now work with the preferred bidder Rolls-Royce SMR to build the country's first ever small modular reactors - creating thousands of jobs and growing our regional economies while strengthening our energy security", said Energy Secretary Ed Millband. "The U.K. is back where it belongs, taking the lead in the technologies of tomorrow with Rolls-Royce SMR as the preferred partner for this journey", said Chancellor of the Exchequer Rachel Reeve. Rolls-Royce SMR is going through the final stages of the U.K.'s nuclear industry's independent regulators assessment.
