London: UK aircraft engine manufacturer Rolls-Royce Plans began Tuesday to build small low-cost nuclear reactors backed with private and public cash to help reduce the country’s carbon emissions.
Rolls-Royce has made a new small modular reactor (SMR) Division, after receiving a cash injection of 405 million pounds ($547 million, 473 million euros), said in a statement.
SMR reactors are much cheaper to build than large-scale nuclear plants because most of the construction and assembly is done in a factory before being transported to site.
“Today’s announcement is another step towards the delivery of the government’s net zero strategy,” Rolls said.
The British Government, which is currently hosting it united nations climate change summit In Glasgow, Atomic Help aims to reach net zero carbon by 2050.
The London-listed engineering giant expects the new business to create 40,000 jobs by 2050.
Rolls-Royce, BNF Resources and Exelon Generation The group said in a statement that it would invest £195 million over three years, along with a state grant of £210 million.
“The SMR program is one of the ways Rolls-Royce is meeting the need to ensure the UK develops innovative ways to address the global threat of climate change,” the chief executive said. warren east.
“With Rolls-Royce SMR technology, we have developed a clean energy solution.”
UK Trade and Energy Secretary quasi quartengo described the news as a “once in a lifetime opportunity” to “deploy more low-carbon energy.. and ensure greater energy independence”.
The development will “bring clean electricity to people’s homes and further reduce our already declining use of volatile fossil fuels”, he said.
Britain’s nuclear power plants built in the last century have either shut down or are nearing the end of their lives.
But the country wants to maintain 20 percent of its electricity generated from nuclear power by mid-century to help reduce carbon emissions to near-zero and meet its pledge to tackle climate change.
Meanwhile, Rolls-Royce suffered huge financial losses as the coronavirus pandemic hit the aviation sector and demand for air travel.
Rolls-Royce has made a new small modular reactor (SMR) Division, after receiving a cash injection of 405 million pounds ($547 million, 473 million euros), said in a statement.
SMR reactors are much cheaper to build than large-scale nuclear plants because most of the construction and assembly is done in a factory before being transported to site.
“Today’s announcement is another step towards the delivery of the government’s net zero strategy,” Rolls said.
The British Government, which is currently hosting it united nations climate change summit In Glasgow, Atomic Help aims to reach net zero carbon by 2050.
The London-listed engineering giant expects the new business to create 40,000 jobs by 2050.
Rolls-Royce, BNF Resources and Exelon Generation The group said in a statement that it would invest £195 million over three years, along with a state grant of £210 million.
“The SMR program is one of the ways Rolls-Royce is meeting the need to ensure the UK develops innovative ways to address the global threat of climate change,” the chief executive said. warren east.
“With Rolls-Royce SMR technology, we have developed a clean energy solution.”
UK Trade and Energy Secretary quasi quartengo described the news as a “once in a lifetime opportunity” to “deploy more low-carbon energy.. and ensure greater energy independence”.
The development will “bring clean electricity to people’s homes and further reduce our already declining use of volatile fossil fuels”, he said.
Britain’s nuclear power plants built in the last century have either shut down or are nearing the end of their lives.
But the country wants to maintain 20 percent of its electricity generated from nuclear power by mid-century to help reduce carbon emissions to near-zero and meet its pledge to tackle climate change.
Meanwhile, Rolls-Royce suffered huge financial losses as the coronavirus pandemic hit the aviation sector and demand for air travel.
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