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Rolls Royce, UK Small Modular reactors and a 4.6 billion pound loss

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A UK Consortium led by Rolls-Royce will deliver:

  • Safe, reliable and affordable low-carbon electricity, helping the UK deliver on its 2050 decarbonisation commitments
  • Reduced reliance on foreign gas imports and ‘intermittent generation’ technologies, strengthening the country’s energy security
  • 40,000 skilled jobs
  • £100bn boost to the UK economy (2030-2050) through development, manufacture, operation, exports and decommissioning
  • A reinvigorated UK nuclear certified supply chain, providing everything from research and raw materials to high-tech manufacturing and services
  • Access to a £400bn global export opportunity

Development of a UK SMR plant promises to be one of the largest national engineering collaborations ever undertaken and Rolls-Royce is ideally placed to champion a British consortium.

source link; https://www.rolls-royce.com/products-and-services/nuclear/small-modular-reactors.aspx

Rolls-Royce reports record £4.6 billion losses

Posted: February 14, 2017

This morning, Rolls-Royce announced massive losses of £4.6 billion in its full-year report – one of the biggest-ever losses in corporate history.

The firm, which is Derby’s largest private-sector employer with around 14,000 people working across its civil nuclear divisions in the city, has had a tough time of it of late. Last month, it agreed to pay £671 million in penalties to settle allegations of bribery and corruption. The company is also having to deal with the fallout of Brexit on its business.

Read more spin  at;  http://www.derbytelegraph.co.uk/rolls-royce-releases-full-year-results-for-2016/story-30132774-detail/story.html#B2IrBEu7M0SDSuZR.99

 

February 16, 2017 - Posted by | Uncategorized

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