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Rolls Royce marketing its mini nuclear reactors to Sweden, Finland, Czech Republic, but deals could collapse

Rolls-Royce could build mini-nuclear reactors in Sweden and Finland under
plans being explored by Helsinki’s national energy company. Finnish
government-owned utility Fortnum has signed an early stage deal with
Rolls-Royce’s nuclear power business to explore uses of its small modular
reactors (SMRs) in the two Nordic countries. Shares in Rolls-Royce jumped
over 6pc in London on the news, amid a broader market rally.

The early stage deal comes as Rolls-Royce awaits a UK government decision on whether
to buy the reactors, which are smaller and cheaper than full scale plants.
Rolls-Royce’s 470MW units cost £1.8bn each. As well as the Finns, the
Czech government is also considering purchasing the technology as part of
efforts to decarbonise energy systems. Despite international interest,
Rolls-Royce has warned that deals may collapse unless Britain signals it
backs the technology by placing its own orders.

 Telegraph 21st March 2023


March 23, 2023 - Posted by | marketing, Small Modular Nuclear Reactors, UK

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