Rolls-Royce and Rosatom further strengthen civil nuclear collaboration
Thursday, 5 September 2013
Rolls-Royce has been awarded a nuclear engineering services contract by Rosatom, the Russian state-owned nuclear company. In a separate agreement, Rolls-Royce announced that it will collaborate with Rosatom and Finnish nuclear utility company Fortum on an initial project to assess the feasibility of introducing Russian 'Generation III+ VVER' nuclear reactor technology to the UK new build market. The UK Government and Rosatom also signed a Memorandum of Understanding (MoU) to facilitate this commercial work.
Business and Energy Minister, Michael Fallon, said: "I welcome the partnership between the UK and Russia on civil nuclear cooperation. Russian and British companies already play a significant part in the global nuclear industry and are, therefore, well placed to cooperate in civil nuclear programmes in third countries for mutual commercial benefits. Both countries acknowledge the part nuclear can play in an environmentally sustainable, safe, secure and cost-effective energy mix.
"I also welcome the agreements between Rolls-Royce, Rosatom and Fortum to collaborate further on civil nuclear. This is a testament to the expertise of Rolls-Royce as a global leader in providing technology and services to the nuclear industry. Inward investment into our energy sector will depend upon all reactor technologies meeting the stringent and independent regulatory standards required in the UK and EU."
Jason Smith, Rolls-Royce, President – Nuclear, said: "Rolls-Royce is building a strong global strategic relationship with Rosatom and I am delighted that they have decided to put their trust in us with this important work, as they look to grow their global footprint."
Rolls-Royce and Rosatom have been working closely together since 2011, when a Memorandum of Understanding was signed between the two companies. Today's contract will see Rolls-Royce undertake engineering and safety assessment work for Rosatom ahead of its 'Generation III+ VVER reactor technology' potentially entering the first step of the UK's formal regulatory approval process, called Generic Design Assessment.
- 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 300 airlines, 4,000 corporate and utility aircraft and helicopter operators, 160 armed forces, more than 4,000 marine customers, including 70 navies, and energy customers in more than 80 countries.
- Annual underlying revenue was £12.2 billion in 2012, of which more than half came from the provision of services. The firm and announced order book stood at £69.2 billion at 30 June 2013, providing visibility of future levels of activity.
- Rolls-Royce employs over 45,000 people in offices, manufacturing and service facilities in over 50 countries. Over 14,000 of these employees are engineers.
- In 2012, Rolls-Royce invested £919 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 has significant nuclear skills, a large existing nuclear supply chain and a long-standing presence in a number of key phases of the nuclear programme. These skills include providing advice to governments and operators, supply chain management and 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.