Engineering company Rolls-Royce is considering the sale of its small modular reactor subsidiary to inject new funding into the company’s overall business plans, the Sunday Telegraph first reported Aug. 3.

The company is looking to raise hundreds of millions, with a current valuation of £1.6 billion ($2 billion), as it sets its sights on being the first to deploy SMRs in the United Kingdom. Rolls-Royce recently cleared step two of the U.K.’s generic design assessment (GDA)—a competition launched in 2023 to bring SMRs on line in the 2030s.

The small modular reactor design from Rolls-Royce has cleared step two of the United Kingdom’s generic design assessment (GDA) and is moving to the third and final step.

The company announced its progress and lauded “Rolls-Royce SMR’s position ahead of any other SMR in Europe” in a July 30 press release. Rolls-Royce SMR touts its ability to deliver new nuclear power based on proven technology, providing a “factory-built” power station to provide enough energy for a million homes for a 60-year stretch.

ULC-Energy, a nuclear development and consultancy company based in the Netherlands, has signed a memorandum of intent with Danish carbon emission reduction technology firm Topsoe and Britain’s Rolls-Royce SMR to investigate the production of hydrogen using Topsoe’s solid oxide electrolysis cell (SOEC) technology and electricity and heat from a Rolls-Royce small modular reactor plant.

A team of experts from the International Atomic Energy Agency recently concluded an eight-day mission to Estonia, finding that the Baltic state has developed a comprehensive assessment of its nuclear infrastructure development needs, enabling the government to make an informed decision on whether to pursue a nuclear power program.

The U.K. government has chosen six companies to participate in the next stage of its small modular reactor competition: EDF, GE Hitachi Nuclear Energy, Holtec Britain Limited, NuScale Power, Rolls-Royce SMR (the only real home team), and Westinghouse Electric Company UK Limited. According to the government’s October 2 announcement, the advanced technologies offered by these firms are “the most able to deliver operational SMRs by the mid-2030s.”

With the release last week of the policy paper Powering Up Britain, the U.K. government unveiled its plan to enhance the nation’s energy security and deliver on its ambitious net-zero commitments.

“This document explains how we will diversify, decarbonize, and domesticate energy production by investing in renewables and nuclear, to power Britain from Britain,” writes U.K. secretary of state for energy security and net zero Grant Shapps in the foreword. “It sets out the extraordinary opportunities opening up in technologies like carbon capture, usage, and storage; floating offshore wind manufacturing; and hydrogen, which will not only help us reach net zero but also consolidate Britain’s position as a global leader in green energy. And it details how we will use that leadership to influence energy decarbonization internationally.”

The United Kingdom’s nuclear regulators—the Office for Nuclear Regulation (ONR), the Environment Agency, and Natural Resources Wales (NRW)—have announced the completion of step one of their generic design assessment (GDA) for Rolls-Royce SMR’s 470-MWe small modular reactor design and the start of step two, which is expected to last 16 months.

Canada’s Ontario Power Generation (OPG) and Czech Republic–based ČEZ have agreed to collaborate on nuclear technology deployment, including small modular reactors, under a memorandum of understanding signed yesterday in Prague.

Ontario’s largest electricity generator and the European energy giant have both pledged to achieve net-zero carbon emissions by 2040.

U.K.-based reactor developer Rolls-Royce SMR last week announced a list of six potential sites for its first small modular reactor factory. According to the company's announcement, the factory—the largest and most complex of three such facilities envisioned by the company—will manufacture the SMR vessels.

The U.K. government has released a new energy strategy aimed at boosting Britain’s energy independence, stabilizing its soaring energy prices, and accelerating the deployment of new nuclear, wind, solar, and hydrogen to mitigate climate change.

At the same time, the 38-page document, British Energy Security Strategy, calls for near-term support for domestic oil and gas, stating, “Net zero is a smooth transition, not an immediate extinction, for oil and gas.” (The United Kingdom in 2019 became the first of the world’s major economies to embrace a legal obligation to achieve net-zero carbon emissions by 2050.)

Following through with this strategy, the government says, could result in low-carbon sources generating up to 95 percent of British electricity by 2030.

The United Kingdom’s Department of Business, Energy and Industrial Strategy (BEIS) has asked regulators—including the U.K. Office for Nuclear Regulation (ONR), the Environment Agency, and Natural Resources Wales—to begin a generic design assessment (GDA) of Rolls-Royce SMR’s 470-MWe small modular reactor design.

ADVANCED REACTORS MARKETPLACE

GEH’s BWRX-300 SMR technology chosen for Darlington clean energy project

GE Hitachi Nuclear Energy has been selected by Ontario Power Generation as technology partner for the Darlington site's new nuclear plant project. GEH will work with OPG to deploy a BWRX-300 small modular reactor as early as 2028 at the Darlington site in Canada.

■ NuScale Power and Kazakhstan Nuclear Power Plants LLP have signed a memorandum of understanding to explore the deployment of NuScale VOYGR power plants in Kazakhstan. KNPP specializes in the development of nuclear power plant construction in Kazakhstan. The agreement calls for a sharing of nuclear and technical expertise between NuScale and KNPP. Under the MOU, NuScale will support KNPP’s evaluation of NuScale’s SMR technology, including nuclear power plant engineering, construction, commissioning, operation and maintenance, and project-specific studies and design work.

■ PKN ORLEN and Synthos Green Energy have signed an agreement to set up a joint venture, ORLEN Synthos Green Energy, with a goal to prepare and commercialize small nuclear reactor technology, particularly GE Hitachi Nuclear Energy’s BWRX-300 reactors, in Poland. Related, BWXT Canada Ltd. signed a letter of intent with Synthos and GEH for the manufacture of key SMR components for Poland.

Hands

The U.K. government has confirmed its selection of the high-temperature gas-cooled reactor (HTGR) for Britain’s £170 million (about $236 million) Advanced Modular Reactor Demonstration Program.

Greg Hands, minister for energy, clean growth, and climate change, delivered the news on December 2 via a speech at the Nuclear Industry Association’s annual conference. “Following evaluation of responses received,” Hands said, “I’m pleased to announce today that we will focus on HTGRs as the technology choice for the program moving forward—with the ambition for this to lead to a demonstration by the early 2030s.”

NNL approved: “As we look to the future and the part we play as a scientific superpower, the U.K.’s unparalleled experience in gas-cooled technologies makes HTGRs the common-sense choice for pursuing advanced nuclear,” said Paul Howarth, chief executive officer at the United Kingdom’s National Nuclear Laboratory. “Following announcements already made on financing for the next stage of the Rolls-Royce SMR program and the proposed Nuclear Energy (Financing) Bill to make large-scale plants more achievable, the U.K. is primed once more to be a global leader in nuclear technologies—large, small, and advanced.”

NuScale Power has signed a memorandum of understanding with Prodigy Clean Energy and Kinectrics to explore and inform the development of a regulatory framework to address the licensing and deployment of a marine power station (MPS). The MPS would integrate one to 12 NuScale power modules into a marine-based nuclear power plant system. The MPS would be shipyard-fabricated and marine-transported to its deployment location, where it would be moored in place in sheltered and protected waters at the shoreline. Prodigy is Canada’s first commercial marine nuclear power developer, specializing in integrating existing power reactors into stationary-deployed marine power plant structures. Kinectrics provides life-cycle management services to the electricity industry.

French nuclear reactor company Framatome has completed its purchase of Rolls-Royce Civil Nuclear Instrumentation and Control. Framatome announced in December 2020 that it had agreed to acquire Rolls-Royce’s I&C business, which has operations in France, the Czech Republic, and China.

According to Framatome, the transaction builds on the company’s engineering expertise, enlarges its industrial footprint, and expands its global I&C systems development and deployment capabilities.

The UK SMR consortium last week revealed the latest design and power upgrade—from 440 MW to 470 MW—for its proposed small modular reactor. According to the consortium’s lead company, Rolls-Royce, the “refreshed” design features a faceted roof, an earth embankment surrounding the reactor to integrate with the landscape, and a more compact building footprint.

A new research contract between the U.K. Space Agency and Rolls-Royce will see planetary scientists working together to explore nuclear power as an energy source for deep space missions in the decades to come. The effort is similar to one that the United States is undertaking through NASA.

"Space nuclear power and propulsion is a game-changing concept that could unlock future deep-space missions that take us to Mars and beyond," said Graham Turnock, chief executive of the U.K Space Agency, on January 12. "This study will help us understand the exciting potential of atomic-powered spacecraft, and whether this nascent technology could help us travel further and faster through space than ever before."

Framatome has signed a sale purchase agreement with Rolls-Royce to acquire its civil nuclear instrumentation and control business, the companies announced on December 7. The I&C business includes all Rolls-Royce activities and teams based in France, the Czech Republic, and China.