Government signs mini nuclear reactor deal with Rolls-Royce

Evening Standard

The Chancellor said the signing of a contract to further develop the UK’s first mini nuclear reactors was “more important than ever” amid the Middle East crisis.The Government-owned firm Great British Energy – Nuclear (GBE-N) announced the deal with a firm owned by engineering giant Rolls-Royce on Monday, allowing work to start immediately on creating three small modular reactors (SMRs).These are small nuclear power stations designed to be installed on site as prefabricated modules, with hopes the technology can be built faster than more traditional plants, such as Hinkley Point C.

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00:06In the context which we are today, it shows how important a contract like this and a technology

00:14like this is. If we can produce more homegrown electricity here in the UK, that takes us off

00:21the roller coaster of global oil and gas prices. If we have greater control over the energy that

00:28we need here at home, it makes us less vulnerable in the face of shocks like we see at the

00:34moment.

00:35And so, this was always the right thing to do, but in the world in which we live today,

00:39where there is less security and there is more volatility, this deal is more important

00:44than ever.

00:50I have a hand can you clean up.

00:52Good.

00:52Yeah, that's all.

00:53I feel, I feel.

00:55OK.

00:55Hello.

00:56Hello.

00:56Hi.

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