Concept art of a Rolls-Royce SMR site. (Image: Rolls-Royce)
Engineering company Rolls-Royce is considering the sale of its small modular reactor subsidiary to inject new funding into the company’s overall business plans, the Sunday Telegraph first reported Aug. 3.
The company is looking to raise hundreds of millions, with a current valuation of £1.6 billion ($2 billion), as it sets its sights on being the first to deploy SMRs in the United Kingdom. Rolls-Royce recently cleared step two of the U.K.’s generic design assessment (GDA)—a competition launched in 2023 to bring SMRs on line in the 2030s.
Rendition of a Rolls-Royce SMR site.(Image: Rolls-Royce)
The small modular reactor design from Rolls-Royce has cleared step two of the United Kingdom’s generic design assessment (GDA) and is moving to the third and final step.
The company announced its progress and lauded “Rolls-Royce SMR’s position ahead of any other SMR in Europe” in a July 30 press release. Rolls-Royce SMR touts its ability to deliver new nuclear power based on proven technology, providing a “factory-built” power station to provide enough energy for a million homes for a 60-year stretch.
From left: Bas Sujis (ULC-Energy), Sophie Macfarlane-Smith (Rolls-Royce SMR), Joanna Roper CMG (U.K. ambassador to the Netherlands), Alan Woods (Rolls-Royce SMR), and Dirk Rabelink (ULC-Energy). (Photo: Rolls-Royce SMR)
The United Kingdom’s Rolls-Royce SMR has signed an exclusive agreement with ULC-Energy—a Dutch nuclear development company established in 2021—to deploy small modular reactor stations in the Netherlands. (ULC stands for Ultra Low Carbon.)
A computer-generated rendering of the Sizewell site on the Suffolk coast. Sizewell A and B are to the left and center (respectively) in this image; the section to the right is the Sizewell C area. (Image: EDF Energy)
The U.K. government has granted a development consent order (DCO) for EDF Energy’s proposed Sizewell C plant near Leiston in Suffolk, moving the new nuclear build project closer to a reality.
Nuclear New Build (NBB) Generation Company, an EDF Energy subsidiary, submitted the DCO application to the government’s Planning Inspectorate in May 2020, setting out the range of measures the project would implement to mitigate construction effects and maximize community benefits. The Planning Inspectorate accepted the application in June 2020 and completed its examination in October 2021. Recommendations were made to the secretary of state for business, energy, and industrial strategy this February.
Artist’s conception of a site for the Rolls-Royce small modular reactor. (Image: Rolls-Royce)
The United Kingdom’s Department of Business, Energy and Industrial Strategy (BEIS) has asked regulators—including the U.K. Office for Nuclear Regulation (ONR), the Environment Agency, and Natural Resources Wales—to begin a generic design assessment (GDA) of Rolls-Royce SMR’s 470-MWe small modular reactor design.
