Rolls Royce - due by 2029

Posted: 19th April 2022

A Rolls-Royce (RR.L) design for a small modular nuclear reactor (SMR) will likely receive UK regulatory approval by mid-2024 and be able to produce grid power by 2029, Paul Stein, chairman of Rolls-Royce Small Modular Reactors, told Reuters. The British government asked its nuclear regulator to start the approval process in March, having backed Rolls-Royce’s $546million funding round in November to develop the country’s first SMR reactor. Speaking to Reuters in an interview conducted virtually, Stein said the regulatory “process has been kicked off, and will likely be complete in the middle of 2024. Reuters 19th April 2022  https://www.reuters.com/business/energy/rolls-royce-expecting-uk-approval-mini-nuclear-reactor-by-mid-2024-2022-04-19/