Thursday, April 16, 2026

"Reeves hands Rolls-Royce £600m to build mini-nukes in Britain"

As we said last August regarding the competitors for some small modular reactor projects in Swedem:

When going Small, go big or go home: "Vattenfall Narrows SMR Field to Two Finalists: GE Vernova’s BWRX-300 and Rolls-Royce SMR" (GEV; RR.L) 

From The Telegraph via Yahoo News, April 13:

Rolls-Royce has been handed a £600m loan from Rachel Reeves to help accelerate the development of Britain’s first mini-nuclear power plant.

The Chancellor’s National Wealth Fund confirmed details of the borrowing facility on Monday, which will be used to build three small modular reactors (SMRs) at Wylfa on the Welsh island of Anglesey.

The manufacturing giant was selected as the Government’s preferred partner for the project last year.

However, design work will now begin after Rolls-Royce struck an agreement with Great British Energy – Nuclear (GBEN), the quango set up to manage the mini-nuclear programme.

GBEN said the contract would unlock the next stage of the project, which aims to help commercialise nascent SMR technology.... 

....MUCH MORE 

Also at Yahoo News, this time originating at Geekspin:

Rolls-Royce drops plan for nuclear reactor on the moon 

Previously: 

November 2025 - The Location Of Britain's First Small Modular Reactor Site Has Been Revealed

October 2025 - "What Will Rolls-Royce Gain From the UK–US Nuclear Deal?"
Although this reads a bit like a Rolls-Royce promotional piece it is good background. The company will be popping up in more and more discussions of small modular reactors.*