Rolls-Royce to land ‘billions of pounds’ worth of orders for mini nuclear power stations from Eastern European nations. Rolls-Royce is poised to land ‘billions of pounds’ worth of orders for mini nuclear power stations from Eastern European nations, the boss of a major investor has said. A consortium led by the engineering giant has secured £210million of funding from private investors for its small modular reactors (SMRs) programme in the UK. That is set to unlock the same amount of funding from the Government, allowing Rolls-Royce to kick-start the project. An announcement is expected imminently and green investment fund IP3 said an endorsement by the Government should pave the way for the technology to be exported to other countries. IP3 has been sounding out pension funds and institutional investors about pouring cash into a multi-billion pound fund to invest in small nuclear infrastructure. It is also advising energy providers and governments on developing nuclear power projects. IP3 chief executive Mike Hewitt, a retired US Navy rear admiral, told The Mail on Sunday that eastern European nations – including Poland, the Czech Republic, Latvia, Hungary, Estonia and Bulgaria – are developing ‘aggressive plans’ for nuclear.
Mail on Sunday 2nd Oct 2021 read more »