Rolls-Royce and Rosatom to collaborate in civil nuclear market
Monday, 12 September 2011
Rolls-Royce, the global power systems company, has today announced that it will collaborate with Russian state-owned atomic energy corporation, Rosatom, in the area of civil nuclear power. The agreement between the two companies follows today’s joint announcement by UK Prime Minister, David Cameron, and Russian President, Dmitry Medvedev, in which the two countries pledged to work more closely in a number of areas, including civil nuclear power.
Speaking in Moscow, Prime Minister Cameron said: “Today we have taken a step forward in our co-operation with Russia. We have agreed to work together on a range of issues, including the development of nuclear energy and I’m delighted that this means Rolls-Royce will be working with Rosatom to bring benefits to the UK, supporting 250 companies here and safeguarding thousands of jobs.”
Sir Simon Robertson, the Chairman of Rolls-Royce, who is in Moscow as part of the Prime Minister’s official delegation, said: “I am delighted to personally sign this important agreement with Rosatom. Our two companies are world class and I believe that this collaboration will yield significant benefits as nuclear reactor new-build programmes develop globally.
“Importantly, we will be working to ensure that this collaboration maximises opportunities for the UK supply chain to expand its capability and capacity, build a strong export base and so benefit from global new build programmes.”
Cyril Komarov, Deputy Director General, Rosatom said: “Rolls-Royce is clearly an attractive partner for us and I look forward to our companies developing a strong relationship and working together closely in the future as we explore future opportunities.”
Rolls-Royce has significant nuclear skills, with a large existing nuclear certified supply chain, and supports a number of key phases of the nuclear programme, including providing advice to governments and operators, supply chain management expertise, as well as manufacturing and technical engineering support. The Group also provides safety-critical instrumentation and control systems to all 58 operating nuclear power facilities in France and to more than 50 others across Europe, the USA and wider international markets.
- Rolls-Royce is a world-leading provider of power systems and services for use on land, at sea and in the air, and has established a strong position in global markets - civil aerospace, defence aerospace, marine and energy.
- As a result of this strategy, Rolls-Royce has a broad customer base comprising more than 500 airlines, 4,000 corporate and utility aircraft and helicopter operators, 160 armed forces, more than 2,500 marine customers, including 70 navies, and energy customers in nearly 120 countries, with an installed base of 54,000 gas turbines.
- Annual underlying revenues were £10.8 billion in 2010, of which more than half came from the provision of services. The firm and announced order book stood at £61.4 billion at 30 June 2011, providing visibility of future levels of activity.
- Rolls-Royce employs over 39,000 skilled people in offices, manufacturing and service facilities in over 50 countries. Over 11,000 of these employees are engineers.
- In 2010, Rolls-Royce invested £923 million on research and development, two thirds of which had the objective of further improving the environmental performance of its products, in particular reducing emissions.
- Rolls-Royce supports a global network of 28 University Technology Centres, which connect the company’s engineers with the forefront of scientific research.
- The Group has a strong commitment to apprentice and graduate recruitment and to further developing employee skills.
- Rolls-Royce is a technology-neutral supplier to the nuclear market and has a number of agreements in place with leading companies including AREVA, Nuclear Power Delivery UK Ltd and Larsen and Toubro.
- The Russian State Atomic Energy Corporation ROSATOM incorporates more than 250 enterprises and scientific institutions, including all civil nuclear companies of Russia, nuclear weapons complex’s facilities, research organizations and the world’s only nuclear-propelled fleet.
- ROSATOM is the largest utility in Russia which produces more than 40 % of electricity in the country’s European part. ROSATOM holds leading positions in the world market of nuclear technologies being the 1st in the world simultaneous nuclear build abroad; 2nd in uranium reserves and 5th in uranium mining; 4th in nuclear electricity generation, while providing 40% of the world uranium enrichment services and 17% of the world nuclear fuel market.
- ROSATOM is also tasked to fulfil Russia's international obligations in the field of the peaceful uses of atomic energy and nuclear non-proliferation regime.