Rolls-Royce launches nuclear reactor business
UK aircraft engine maker Rolls-Royce on Tuesday launched plans to build small low-cost nuclear reactors to help cut the nation’s carbon emissions.
The news comes as Britain pushes ahead with large-scale projects, including Hinkley Point C which will be the nation’s first new nuclear plant for a generation.
Rolls-Royce said it had created a new Small Modular Reactor (SMR) division after clinching a cash injection of £405 million ($547 million, 473 million euros).
SMR reactors are far cheaper to build than large-scale nuclear plants because the vast majority of manufacturing and assembly is done in a factory, before transporting to the site.
