UK-based Rolls-Royce SMR and Czech state power company ČEZ Group have announced they will join forces in a bid to deploy Rolls-Royce SMR’s small modular reactor (SMR) technology.
ČEZ, which owns and operates the Czech Republic’s six commercial nuclear plants, will make an equity investment into Rolls-Royce SMR as part of a partnership to deploy up to 3,000 MW of electricity in the Czech Republic using Rolls-Royce SMR power plants, which have a capacity of 470 MW.
Reports said that under the agreement, ČEZ will acquire a 20% share in Rolls-Royce SMR for which it will pay several billion Czech crowns (hundreds of millions of dollars).
ČEZ plans to build the first small modular reactor at the existing Temelín nuclear power station site in the first half of the 2030s.