Rolls-Royce has a long history of collaboration with the US, in particular with BWXT. We are exploring ways to deepen this relationship across advanced nuclear technologies, building on our existing nuclear Teaming Agreement and the work on Project Pele, where we have an established collaboration on developing an Advanced Modular Reactor in the US.
In June this year, Rolls-Royce SMR Ltd was selected as the preferred bidder to develop the UK’s first commercial Small Modular Reactor (SMR). Rolls-Royce SMR Ltd. is committed to working with UK Government and the regulator to deliver power-to-grid by the mid-2030s. Building a fleet of SMRs will contribute £54bn for the British economy and unlock new export opportunities for the UK.
In October 2024, Rolls-Royce SMR was selected by energy firm CEZ to deploy up to 3GW of electricity in the Czech Republic. We continue to see significant international interest in Rolls-Royce SMRs, including in Sweden where we have been shortlisted as one of two potential SMR providers by Vattenfall.