We have 60 years of experience of producing small reactors for submarines, and we believe we can produce energy from SMRs at a cost at least comparable with renewables such as wind.
Warren East, CEO, Rolls-Royce
Nuclear power is central to tackling climate change, securing economic recovery and strengthening energy security. To do this it must be affordable, reliable and investable and the way we manufacture and assemble our power station brings down its cost to be comparable with offshore wind at around £50 per megawatt-hour.
Tom Samson,
CEO,
Rolls-Royce SMR
The UK SMR heralds a new approach to the cost of nuclear power by broadly rethinking the manufacturing and construction methods and by the extensive use of digital twinning whilst keeping the physics package exactly the same. This is a pressurised water reactor of a type we know and love.
Paul Stein, Rolls-Royce Chief Technology Officer
Small modular reactor technology is very much at the centre of what the Prime Minister outlined in the 10-point plan; in fact, the nuclear segment of that plan was the third item on the agenda and is extremely important. SMRs will certainly play a part in our nuclear future.
Rt Hon. Kwasi Kwarteng, Secretary of State for Business, Energy and Industrial Strategy
One of the benefits of the SMR approach, is it becomes quite a low-cost source of energy for other parts of the decarbonisation scene, such as hydrogen and synthetic fuel.
Paul Stein, Rolls-Royce Chief Technology Officer
Next generation technologies such as Small and Advanced Modular Reactors, new nuclear will both produce low carbon power and create jobs and growth across the UK.
The Ten Point Plan for a
Green Industrial Revolution,
HM Government
SMRs represent a huge opportunity…they are flexible and one can operate them in lots of geographical areas. We will undertake a comprehensive assessment of the siting requirements for SMRs and advanced modular reactors so that we can develop this exciting technology.
Rt Hon. Kwasi Kwarteng, Secretary of State for Business, Energy and Industrial Strategy
