nuclear-news

Rolls Royce’s financial problems, as it plans to make small nuclear reactors for the British government.

 Rolls is complex: it can’t seem to decide whether it has three, four, or
five divisions. It has its fingers in too many pies.

Among its many projects: it makes engines for luxury yachts. It provides back-up power to
solar farms in the Atacama desert. It has built an enormous new jet engine
called the UltraFan at a cost of hundreds of millions of pounds, without
knowing which model of plane might actually use it (Rolls insists the tech
developed for Ultra Fan is already finding its way into existing engines).

Oh, and it has an arm that wants to build small modular nuclear reactors
(SMRs) for the British government — tech derived from the reactors it
makes for the Royal Navy.

So much for the diagnosis, but what can
Erginbilgic do to heal the patient? This week he is expected to announce
restructuring — though not job cuts, yet — and a strategic review. This
may stop short of selling off divisions, but could see Rolls seek out more
partners.

 Times 19th Feb 2023

https://www.thetimes.co.uk/article/rolls-royces-boss-must-seize-the-chance-to-get-engines-purring-again-s5lv52bx0

February 20, 2023 - Posted by Christina Macpherson | business and costs, Small Modular Nuclear Reactors, UK