Rolls-Royce is to start building parts for its small modular nuclear reactors in anticipation of receiving regulatory approval from the British government by 2024, one of its directors has said.
Paul Stein, the chairman of Rolls-Royce SMR, a subsidiary of the FTSE 100 engineering company, said he hoped the reactors would be providing power to the UK’s national grid by 2029.
SMRs can be built in factories, a method that could be cheaper and quicker than traditional designs. The technology, based on the reactors used in nuclear submarines, is seen by Rolls-Royce as a potential earner far beyond any previous business such as jet engines or diesel motors.
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