Rolls Royce In Nuclear Business
The name Rolls Royce is associated with luxury cars. However, the company is more of an energy company and is entering the nuclear power sector. Semafor states, “Rolls-Royce is on course to win a contract with the Czech government to build the first European fleet of small modular nuclear reactors.”
These are not massive power plants like Three Mile Island, which is powering up for Microsoft AI energy after a meltdown in 1979. Small Modular Reactors (SMRs), which the IAEA describes as almost entirely different from the older cousins.
SMRs
“Prefabricated units of SMRs can be manufactured and then shipped and installed on site, making them more affordable to build than large power reactors, which are often custom designed for a particular location, sometimes leading to construction delays,” Bill Gates has invested in one of the companies that plan to provide these.
Nuclear Disasters
Many people in Europe, the US, and Japan remember Three Mile Island, the Chernobyl disaster in 1986, and the Fukushima nuclear accident. The concern among some parts of the population has not diminished.
Nuclear power is part of the four keys to reducing fossil fuel use. The others are solar, wind, and hydro. Wind and power have faced a difficult economic environment that has made capital expensive. Rolls Royce offers a different route.
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