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Rolls-Royce is in early-stage talks with potential customers for its compact nuclear reactors, which are designed to power data centers on Earth and to eventually be sent into space, the Financial ...
These businesses had a revenue of $70 million and about 500 employees in 2018. Rolls-Royce is keeping its nuclear new build and small modular reactor (SMR) business in the UK. [56] In November 2020, the company announced plans to build up to 16 Rolls-Royce SMR nuclear plants across the UK, continuing its nuclear division operations. [57]
A £9bn deal for nuclear submarine reactors has been agreed between the Ministry of Defence and Rolls-Royce - the biggest ever between the two. Defence Secretary John Healey announced the eight ...
The Rolls-Royce SMR, also known as the UK SMR, [1] is a small modular reactor (SMR) design being developed by the Rolls-Royce (RR) company in the United Kingdom. The company has been given financial support by the UK Government to develop its design.
It went critical in 1965. HMS Vulcan is a Rolls-Royce PWR 1 reactor plant and tested Cores A, B and Z before being shut down in 1984. In 1987, the plant was re-commissioned as LAIRD (Loss of Coolant Accident Investigation Rig Dounreay) a non-nuclear test rig, the only one of its kind in the world.
The stock has surged alongside other nuclear technology companies as investors recognize the sector's critical role in meeting the escalating power demands of AI data centers.
PRAGUE (AP) — The Czech power company CEZ signed a deal Tuesday with Britain’s Rolls-Royce SMR to form a strategic partnership to develop and deploy small modular nuclear reactors. Under the agreement, CEZ will acquire a 20% share in Rolls-Royce SMR for which it will pay several billion Czech crowns (hundreds of millions of dollars).
Rolls-Royce obtained consent to drop the '1971' distinction from its company name in 1977, at which point it became known once again as "Rolls-Royce Limited". The Rolls-Royce business remained nationalised until 1987 when, after having renamed the company to "Rolls-Royce plc", the British government sold it to the public in a share offering.