The beleaguered engineering giant Rolls-Royce is teaming up with a host of rivals including Amec Foster Wheeler and Arup to develop mini-nuclear reactors. The FTSE 100 company is also partnering with the nuclear specialist Nuvia to draw up plans to build small modular reactors (SMRs), next generation technology that Rolls believes could support as many as 40,000 jobs if the industry flourishes.
Telegraph 8th Jan 2017 read more »
In the 2015 Autumn Statement, the government launched a £250m nuclear research programme to identify the best-value SMR design for the UK. Rolls-Royce has been vying for government backing in the initial bidding phase of a competition, announced last March, along with dozens of other companies. The project, however, appears to have slowed, though many companies will be looking towards an industrial strategy green paper that is expected to be published later this month.
City AM 8th Jan 2017 read more »