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February 1, 2020 10:00 am

Rolls-Royce Plans To Build Up To 15 Mini Nuclear Reactors In Britain

Rolls-Royce has announced that it plans to build, install, and operate up to 15 mini nuclear reactors in Britain, with the first set to go online in nine years. New Atlas reports: In a BBC Radio 4 interview with business journalist Katie Prescott on January 24, 2020's Today program, Paul Stein, chief technology officer for Rolls-Royce, said that the company is leading a consortium to produce factory-built modular nuclear reactors that can be delivered for assembly by ordinary lorries. Rolls-Royce believes that its consortium has got its sums right and can restart Britain's nuclear industry by building up to 15 Small Modular Reactors (SMR) with an expected value to the UK economy of $68 billion, another $327 billion in exports, and 40,000 new jobs by 2050. Each power station is projected to have a service life of 60 years and generate 440 MW of electricity, or enough to power a city the size of Leeds. The estimated cost of the electricity generated is $78 per MWh. According to a previous press release from Rolls-Royce, the British government has already promised 18 million British pounds in matching funds, or about half the present costs of the endeavor, with the consortium partners providing the rest. Prescott says that the advantage of the Rolls-Royce plan is that it doesn't involve building a whole new reactor, as other companies have tried to do, but rather to adapt a present design. In addition, the reactors will be built along manufacturing lines rather than civil construction, which the company claims will drive down costs rather than inflating them.

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