News - FinNuclear News Database

Filter by tags: Wales United States Clear all tag filters

4 news articles found

Company says response to search was ‘fantastic’ and shows ‘ambition and appetite’ The reactors could be providing power to the UK’s national grid by 2029. Courtesy Rolls-Royce. Rolls-Royce SMR has announced a list of potential locations for its first small modular reactor factory in the UK.

The factory will be the first of three and will be responsible for the manufacture of the heavy vessels for the engineering company’s SMR power plant.

Rolls-Royce said the planned factory will be the largest and most complex facility of the three and “it is important to take decisions early to enable its deployment”. Construction will begin once Rolls-Royce SMR receives the go-ahead to build a fleet of SMRs in the UK.

The shortlist was picked from over 100 submissions. The shortlisted sites are: Sunderland, Richmond in North Yorkshire, Deeside in Wales, Ferrybridge in Yorkshire, Lincolnshire and Carlisle.

: Source: Nucnet

: Date: Tuesday, 05 July 2022; Original article: nucnet.org/news/reactor-subsidiary-announces-shortlist-of-sites-for-first-smr-factory-in-uk-7-1-2022

Boss says construction of components could begin soon The reactors could be providing power to the UK’s national grid by 2029. Courtesy Rolls-Royce. Rolls-Royce is to start building parts for its small modular nuclear reactors in anticipation of receiving regulatory approval from the British government by 2024, one of its directors has said.

Paul Stein, the chairman of Rolls-Royce SMR, a subsidiary of the FTSE 100 engineering company, said he hoped the reactors would be providing power to the UK’s national grid by 2029.

SMRs can be built in factories, a method that could be cheaper and quicker than traditional designs. The technology, based on the reactors used in nuclear submarines, is seen by Rolls-Royce as a potential earner far beyond any previous business such as jet engines or diesel motors.

The government under prime minister Boris Johnson put nuclear power at the centre of its energy strategy announced earlier this month, in response to climate concerns and a desire to ditch Russian gas.

: Source: Nucnet

: Date: Wednesday, 20 April 2022; Original article: nucnet.org/news/company-expects-to-receive-regulatory-approval-for-reactor-by-2024-4-2-2022

The UK has opened for consultation its assessment of a new financing model aimed at reducing the cost of new nuclear power plant projects by having consumers pay upfront through their energy bills. A solution is needed urgently because nuclear energy is seen as a vital part of the government's commitment to cutting the country's carbon emissions to net zero by 2050. Seven of the UK’s eight existing nuclear plants are set to be retired by 2030.