Rolls-Royce to Build UK's First SMR Units

The UK government has selected Rolls-Royce to build at least three small modular nuclear reactors (SMRs) as part of a significant nuclear energy expansion. Backed by a £2.5 billion pledge through 2029 and included in a broader £14.2 billion investment that also funds the Sizewell C nuclear plant, the initiative aims to deliver faster, cheaper nuclear power using factory-built modules. The government projects this will enhance energy security, create thousands of jobs, and help decarbonize the power network from the mid-2030s, with a focus on strengthening domestic supply chains. While SMRs remain unproven and have not yet been commercialized anywhere in the world, Rolls-Royce asserts its technology is well understood and targets power generation by 2032. The announcement has led to a boost in Rolls-Royce's share price, reinforcing its leadership in next-generation nuclear technology.