Rolls-Royce wins UK small nuclear reactor deal

We could be a key player in Chancellor’s £16bn plan for nuclear

The North East could be well-placed to play a major role in a nuclear future for the UK, after Rachel Reeves committed £16.7billion to nuclear power projects as the country shifts away from fossil fuels.

Cumbria could host the UK's first small nuclear reactors

New small nuclear reactors (SMR) could be built near Sellafield after the Chancellor announced the release of land next to the Cumbrian site for development.Rachel Reeves used the spending review to give significant government backing to new nuclear in a bid to move the country away from its dependence on fossil fuels. As part of the plans, the Government has unlocked land in Moorside, West Cumbria, which will now be developed and could become a…

NuScale Power (SMR) Stock Surges 20% Following Second NRC Design Approval

Shares of NuScale Power Corporation (NYSE: SMR) surged 20% in early trading today after the company announced that its upgraded Small Modular Reactor (SMR) design has received Standard Design Approval (SDA) from the U.S. Nuclear Regulatory Commission (NRC). This new approval, which covers a 77 megawatt electric (MWe) reactor module, marks a major regulatory milestone and reinforces NuScale’s leadership in the emerging SMR sector. NuScale remains…

Rolls-Royce Leads UK's Nuclear Innovation with SMRs

The UK government supports Rolls-Royce's venture to build the nation's first small modular nuclear reactors (SMRs) to enhance power network decarbonization. Blackstone plans European expansion with a $500 billion investment, while the EU imposes duties on Chinese plywood. The US and Switzerland resolve a data-sharing impasse.

Rolls-Royce Nuclear May Eventually Top £10 Billion, Analyst Says

The UK’s decision to pick Rolls-Royce Holdings Plc for the development of its first small modular reactors may lead to a nuclear business worth £10 billion ($13.5 billion) in the next few years, according to a Morgan Stanley analyst.

Rolls-Royce to build U.K.'s first small modular reactors

Rolls-Royce was selected on Tuesday to partner with Great British Energy to build the country's first small modular reactors.