Rolls-Royce SMR designs factory-built small modular reactors (SMRs) that provide a scalable and cost-effective solution for generating clean nuclear energy. This technology addresses the urgent global demand for reliable, low-carbon power sources while minimizing construction risks and timelines.
Funding
Funding not disclosed
Founders
Product
Problem
The increasing global demand for clean energy requires scalable, cost-effective, and reliable solutions to replace fossil fuels and achieve net-zero emissions targets. Traditional nuclear power plants involve lengthy construction times and high capital costs, hindering rapid deployment and widespread adoption.
Solution
Rolls-Royce SMR designs and manufactures small modular reactors (SMRs) that offer a factory-built, scalable solution for generating low-carbon nuclear energy. These SMRs leverage established nuclear technology and are designed for rapid deployment, reducing construction risks and timelines compared to conventional nuclear plants. Each SMR unit generates 470 MW of electricity, enough to power one million homes for at least 60 years. The modular design allows for repeatable manufacturing and deployment, making nuclear energy more accessible and affordable.
Target Audience
The primary target audience includes countries and energy providers seeking reliable, low-carbon energy sources to meet growing electricity demands and achieve decarbonization goals.
Features
- Factory-built modular design for streamlined manufacturing and reduced on-site construction time
- 470 MW electrical output per SMR unit
- Based on established pressurized water reactor (PWR) technology
- 60-year design life
- Potential contribution of up to £54 billion to the UK economy between 2025 and 2105 with fleet deployment
- Currently undergoing Generic Design Assessment (GDA) with UK regulators