Private investors and the UK government back Rolls-Royce to develop small nuclear reactors.
Rolls-Royce has been backed by a consortium of private investors and the UK government to develop small nuclear reactors to generate cleaner energy.
It will also identify sites which will manufacture the reactors' parts and most of the venture's investment is expected to be focused in the north of the UK, where there is existing nuclear expertise.Rolls-Royce SMR said one of its power stations would occupy about one tenth of the size of a conventional nuclear plant - the equivalent footprint of two football pitches - and power approximately one million homes.
Business and energy secretary Kwasi Kwarteng said SMRs offered opportunities to "cut costs and build more quickly, ensuring we can bring clean electricity to people's homes and cut our already-dwindling use of volatile fossil fuels even further". If approved for use in the UK, it is understood Rolls-Royce SMR could build up to 16 reactors across the UK for electricity production.
"What's worse, there's not even a prototype in prospect anytime soon," he added. "The immediate deadline for action is sharp cuts in emissions by 2030, and small reactors will have no role in that."
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