Rolls-Royces small modular reactors, also called SMRs, are around the size of two football pitches but can power half a million homes (a city the size of Leeds). With traditional nuclear power having a range of major drawbacks like the cost and time it takes to build them, SMRs look to be a revolutionary option for countries looking to decarbonise. As the EU, like Britain, is aiming to go carbon neutral by 2050, Rolls-Royce is looking to a number of countries within the bloc that it could sell the technology to.<\/p>\n
Cheaper and easier to deploy than regular nuclear power, it is no surprise the technology has peaked the interest of a number of states.<\/p>\n
Alan Woods, Director of Strategy and Business Development, Rolls-Royce SMR, toldExpress.co.uk: There are a range of countries that have embarked on a decarbonisation journey.<\/p>\n
We are active in a range of EU and non-EU countries including Poland, Czech Republic, Ukraine, Netherlands, Romania, Finland, Serbia and further afield such as South Africa.<\/p>\n
Each country is at a different stage in its process to deploying SMRs with some looking at direct procurement and others in the fact-finding stage.<\/p>\n
The key point is there are a range of countries that see SMRs as a core part of the path to decarbonisation.<\/p>\n
Mr Woods said that the significant interest in SMRs gives Rolls-Royce the chance to export their models to the EU, with a stunning potential to generate significant revenue.<\/p>\n
In fact, Rolls-Royce estimate that the export potential for the market as a whole is valued at around 250billion.<\/p>\n
Back in October,Express.co.ukspoke to Roll-Royce CTO Paul Stein.<\/p>\n
He said: There is a big export potential for the UK.<\/p>\n
We see it as a significant contribution not only to net zero but a revived UK economy.<\/p>\n
READ MORE:Covid warning: Omicron sub-variant 'under investigation' in UK<\/p>\n
Each country must determine its own route to net-zero but we believe nuclear should play its role in enabling decarbonisation.<\/p>\n
It also comes after Rolls-Royce announced an interest in bringing SMRs to the Middle East too.<\/p>\n
It came just before Rolls-Royce showcased its SMR technology at the World Future Energy Summit in Abu Dhabi.<\/p>\n
And with countries like Saudi Arabia, which is reportedly eyeing up a 74billion nuclear investment, it seems as though Rolls-Royce could profit from this region too.<\/p>\n
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Brexit Britain boost as Rolls-Royce to capitalise on 250bn market with core role in EU - Daily Express<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Rolls-Royces small modular reactors, also called SMRs, are around the size of two football pitches but can power half a million homes (a city the size of Leeds). With traditional nuclear power having a range of major drawbacks like the cost and time it takes to build them, SMRs look to be a revolutionary option for countries looking to decarbonise Continue reading