Overview
- Rolls-Royce SMR was named preferred bidder after a two-year competition to develop the UK’s inaugural fleet of small modular reactors.
- The UK government has allocated over £2.5 billion to the SMR programme, which is expected to create up to 3,000 skilled construction jobs at its peak.
- The 1.5 GW scheme will comprise three 470 MW modules designed to generate enough electricity for roughly 3 million homes.
- Great British Energy – Nuclear plans to finalize contracts with Rolls-Royce SMR by year-end and establish a dedicated development company.
- The modular design relies on factory-built components to shorten construction time and reduce costs, with first power due by 2032 and grid links by the mid-2030s.