Rolls-Royce steps up to save Britain and cripple Putin’s energy grip: ‘We are ready’

Traditional nuclear power has a range of major drawbacks like the cost and time it takes to build them.

But SMRs are cheaper and easier to deploy than regular nuclear power, it is no surprise the technology has piqued the interest of a number of states.

Rolls-Royce has already secured a £500million cash injection to help build the technology.

The funding came from Qatar, the owners of French oil giant Perenco, US company Exelon Generation and a £210million contribution from the Government.

The plan to put this technology on the market has taken a step forward after Business Secretary Kwasi Kwarteng called on Government regulators to assess the designs of the product.

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“We are ready to deliver in the UK and overseas, working in parallel on siting and funding to ensure power from Rolls-Royce SMRs is online as close to 2030 as possible.”

This comes as Britain has committed to scuppering its energy ties with Putin, with Mr Johnson pledging to phase out Russian oil imports by the end of the year.

Mr Johnson has suggested the West can end its “addiction” to Putin’s hydrocarbons by boosting its energy independence, with a plan for Britain to receive up to 25 percent of its electricity from nuclear power.

And Rolls-Royce can help with its small modular reactors (SMRs), which are around the size of two football pitches but can power around half a million homes, equivalent to a city the size of Leeds.

Traditional nuclear power has a range of major drawbacks like the cost and time it takes to build them.

Article source: https://www.express.co.uk/news/science/1584965/rolls-royce-britain-putin-energy-nuclear-smr