nuclear-news

Labour must act fast to fire up Rolls-Royce nuclear reactor deals

Rolls-Royce risks losing billions in overseas contracts if Labour delays
vital strategic decisions on nuclear reactors, in what is emerging as the
first crucial test of its business policies.

Other projects may also be in
jeopardy, imperilling thousands of jobs, if new ministers are slow to take
action to tackle the overflowing in-trays confronting them. The engineering
giant is considered to be a front-runner of the six groups in the race to
build Britain’s first mini nuclear plants, known as small modular reactors
(SMRs).

State funding has been key to the development of its designs. One
of the company’s goals is to create a major export market for its SMRs. It
is eyeing contracts worth billions of pounds. [Really !!] The Mail on Sunday
understands that central European countries including the Czech Republic
are among those in talks with Rolls. But these negotiations will stall –
and possibly end – if Labour does not give the UK’s formal backing to the
project by the end of the year.

This is Money 6th July 2024

https://www.thisismoney.co.uk/money/markets/article-13606859/Labour-act-fast-fire-Rolls-Royce-nuclear-reactor-deals.html

July 8, 2024 - Posted by Christina Macpherson | business and costs, UK