Qatar funding Rolls Royce to make parts for small reactors

Posted: 20th December 2021

Rolls-Royce has received a huge boost as it tied up the required funding to start supplying parts for mini nuclear reactors. The Qatar InvestmentAuthority, the country’s wealth fund, will pour £85m into the engine-maker’s nuclear offshoot, which now has total funding of £490m. It means it can start scouting sites for factories from which it will supply parts to build Small Modular Reactors (SMRs). Rolls-Royce’s government backed SMR project is expected to see the first reactors supplying homes within the next decade. Nuclear power will create around 40,000 regional jobs by 2050. Daily Mail 19th Dec 2021  https://www.thisismoney.co.uk/money/markets/article-10326607/Rolls-Royce-secures-mini-nuclear-plant-finance.html