Rolls-Royce announced that following a successful equity raise, the Rolls-Royce Small Modular Reactor (SMR) business has been established recently, to bring forward and deliver at scale the next generation of low cost, low carbon nuclear power technology.
Rolls-Royce SMR is using proven nuclear technology, coupled with a unique factory-made module manufacturing and on-site assembly system, to harness decades of British engineering, design and manufacturing know-how. It brings together the best of UK industry to ensure a decarbonization solution that will be available to the UK grid in the early 2030s.
Nine-tenths of an individual Rolls-Royce SMR power plant will be built or assembled in factory conditions and around 80% could be delivered by a UK supply chain.
A single Rolls-Royce SMR power station will occupy the footprint of two football pitches and power approximately one million homes. It can support both on-grid electricity and a range of off-grid clean energy solutions, enabling the decarbonization of industrial processes and the production of clean fuels, such as sustainable aviation fuels (SAF) and green hydrogen, to support the energy transition in the wider heat and transportation sectors.