"Energy security, decarbonisation and electrification are fundamental to the growth and success of modern economies and the health of the planet, and have led to a significant and inevitable growth in the demand for new nuclear power.
I am honoured to have the opportunity to contribute to Rolls-Royce SMR and the deployment of the UK's vital and deliverable solution to the global energy security challenge."
Sir Stephen Lovegrove GCMG KCB, Rolls-Royce SMR Chair
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,
Rolls-Royce is a great British company, which is why we previously made up to £210 million available from the advanced nuclear fund to Rolls-Royce SMR Ltd to support the development of its small modular reactor design.
Parliamentary Under Secretary of State (Minister for Nuclear and Networks), Andrew Bowie MP
SMRs are one of the most advanced nuclear power technologies in the world. Rather than having to be built on site, they're smaller and can be made in factories, transforming how power stations are built by making construction faster and less expensive. This tech could result in billions of pounds of public and private sector investment.
Prime Minister, The Rt Hon Rishi Sunak MP