Report outlines benefits of integrating Rolls-Royce SMRs into the UK’s energy mix
12th July 2023
An independent report by Aurora Energy has shown the wide-ranging benefits that a fleet of Rolls- Royce SMR power plants will deliver as part of the UK’s efforts to strengthen energy security, lower household bills and reach net-zero targets through the 2030s.
Alastair Evans, Rolls-Royce SMR’s Government and Corporate Affairs Director, said: “Rolls-Royce SMR’s unique ‘factory-built’ solution brings innovation to the design and delivery of nuclear power plants, to reduce risk and increase delivery certainty.
“This is an enlightening report that clearly shows how, with a commitment from Government to deploy a fleet of small modular reactors (SMRs), we can make a hugely positive impact on security of supply, decarbonisation and the cost of energy.”
Amid fresh concerns around gas and electricity price rises, and with researchers expecting prices to remain above their pre-crisis levels until the late 2030’s, the Aurora research revealed that a fleet of SMRs would lower wholesale power prices and almost remove the need to build new gas fired power stations.
Working alongside existing intermittent renewables, SMRs would provide consistent low-carbon energy, significantly reducing exposure to the volatility in supply and cost of imported gas. The UK Government has a target to make the power sector net zero by 2035. However, the Committee on Climate Change has highlighted that, on the current trajectory of progress, the UK will miss this. This gap would be closed significantly by the rollout of Rolls-Royce SMRs throughout the 2030s.
Rolls-Royce SMR is making progress through the independent regulatory Generic Design Assessment (GDA) process to secure consent for their technology to operate in the UK. As part of the GDA, Rolls- Royce SMR welcomes comments and questions about the Rolls-Royce SMR design.
Notes to Editors:
Rolls-Royce SMR will draw upon standard nuclear energy technology that has been used in 400 reactors around the world.
The Rolls-Royce SMR power station will have the capacity to generate 470MW of low carbon energy, equivalent to more than 150 onshore wind turbines and enough to power a million homes. It will provide consistent baseload generation for at least 60 years, helping to support the roll out of renewable generation and overcome intermittency issues.
Rolls-Royce SMR welcomes comments and questions about the Rolls-Royce SMR design. This feedback will be incorporated into the GDA process and may be published anonymously on the Rolls-Royce SMR GDA website and used during dialogue with our regulators.