Rolls-Royce, mini-nuke sector left in dark as Great British Nuclear launch delayed

Proactive Investors, Josh Lamb, 13 Jul 2023

The government delayed the event over “unforeseen circumstances”

Mini nuclear reactor developers including Rolls-Royce Holdings PLC (LSE:RR.) have been left in the dark after the official launch of Great British Nuclear was delayed on Thursday.

Net zero secretary Grant Shapps had been due to unveil the new public body at London’s science museum before the event was cancelled over “unforeseen circumstances”.

Great British Nuclear, originally announced in the chancellor’s spring budget, will be an arms-length body set up to support the roll-out of small modular reactors (SMRs) in the UK……………..

Rolls-Royce and General Electric (NYSE:GE) had been among those due to attend the event, having both proposed designs for prospective use in the UK.

Rolls is currently the only company which has an SMR design currently passing through regulatory assessments though, carried out by the Office for Nuclear Regulation, Environment Agency and Natural Resources Wales.

Shapps was expected to update on the latest round of the government’s SMR competition meanwhile, which will determine which designs are granted public funding.  https://www.proactiveinvestors.co.uk/companies/news/1020628/rolls-royce-mini-nuke-sector-left-in-dark-as-great-british-nuclear-launch-delayed-1020628.html

July 15, 2023 - Posted by Christina Macpherson | Small Modular Nuclear Reactors, UK