British engine maker Rolls-Royce will build small nuclear reactors in the UK “at low cost” after “successful fundraising” with a consortium of investors, it said on Tuesday.
Rolls-Royce, BNF Resources and Exelon Generation Ltd will invest a combined £195 million ($263 million) over three years. For its part, the British government will invest £210 million ($283 million) through the government agency UK Research and Innovation, an investment “already announced by the prime minister in his ten-point plan for the green industrial revolution”. Is.” .
According to a statement, Rolls-Royce assured that it will continue to “actively seek more funding” and identify sites for factories that will make modules that will allow on-site assembly.
Rolls-Royce CEO Warren East was said in the statement that these activities “could create 40,000 jobs thanks to its deployment in the UK” and thanks to the export activities.
The United Kingdom has committed to decarbonizing its electricity by 2035. To do so, it is committed to wind power, particularly offshore, but also nuclear power.
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