PRESS: Rolls-Royce Plans To Build Mini Nuclear Reactors By 2029

(Alliance News) - Rolls-Royce Holdings PLC intends to install and operate factory-built nuclear ...

Alliance News 24 January, 2020 | 1:32PM
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(Alliance News) - Rolls-Royce Holdings PLC intends to install and operate factory-built nuclear power stations by 2029, BBC News reported Friday.

The FTSE 100 jet engine maker is said to be leading a consortium to build small module reactors and install them in former nuclear sites in Cumbria or Wales. The reactors are about 1.5 acres in size, and Rolls-Royce expects to build between 10 and 15 stations in the UK.

"The trick is to have prefabricated parts where we use advanced digital welding methods and robotic assembly and then parts are shipped to site and bolted together," the company's Chief Technology Officer Paul Stein told BBC.

https://www.bbc.co.uk/news/business-51233444

Shares in Rolls-Royce - which is based in London - were up 1.2% at 660.00 pence on Friday.

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Rolls-Royce Holdings PLC 645.60 GBX -2.86

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