Rolls-Royce SMR has been successful in the Great British Nuclear (GBN) competition to select a provider of small modular reactor (SMR) technology, in a boost to economic growth and exports that will create significant long-term value for Rolls-Royce (LSE: RR., ADR: RYCEY).
The success of Rolls-Royce SMR in the two-year-long process is testament to Rolls-Royce’s unique nuclear capability and the proven technologies within the SMR venture. Rolls-Royce SMR is 18 months ahead of its competition in the UK’s independent industry regulatory assessment process. The GBN decision will help the business retain its crucial first mover advantage in a market that is growing and attracting significant international interest.
Rolls-Royce SMR has been selected by GBN to build three SMR units in the UK. The success of Rolls-Royce SMR will generate employment, boost the supply chain and generate economic growth, including through the capture of significant export opportunities. It is also further evidence of the transformation of Rolls-Royce into a high-performing, competitive, resilient and growing business that is able to invest in its future growth to the benefit of all stakeholders.