nuclear-news

The News That Matters about the Nuclear Industry Fukushima Chernobyl Mayak Three Mile Island Atomic Testing Radiation Isotope

The Small Modular Nuclear Reactor dream could be over for Rolls Royce

Nucnet 23rd July 2018 , Rolls-Royce is preparing to shut down its project to develop small modularnuclear reactors if the government does not make a long-term commitment to the technology, including financial support, in the coming months, the Financial Times reported. According to the UK-based newspaper, the UK aero-engine maker has scaled back investment significantly, from several millions to simply paying for “a handful of salaries”. Warren East, Rolls-Royce chief executive, told the Financial Times:

However, David Orr, executive vice-president of Rolls-Royce’s SMR programme, said that without comfort from the government on two fronts the project “will not fly. We are coming to crunch time.”

Rolls-Royce is one of several consortia to have bid in a government-sponsored competition launched in 2015 to find the most viable technology for a new generation of SMRs. https://www.nucnet.org/all-the-news/2018/07/23/rolls-royce-planning-to-shut-down-smr-project-without-government-support

Advertisements

July 25, 2018 - Posted by | business and costs, politics, UK

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: