Rolls-Royce has made a significant commitment to Brexit Britain with a £3 billion mega investment, poised to power 40,000 jobs.
This substantial investment underscores the company’s confidence in the UK’s future, despite the uncertainty surrounding Brexit.
The investment will be channeled into the development of small modular reactors (SMRs), a cutting-edge nuclear technology designed to provide low-carbon energy.
Chris Cholerton, Rolls-Royce SMR CEO, emphasized the significance of this project, stating that “Rolls-Royce SMR is the UK’s only SMR company and is already 18 months ahead of competitors in the regulatory approvals process.”
This head start is a testament to the company’s dedication to innovation and its commitment to making the UK a leader in SMR technology.
The SMR project is expected to have a profound impact on the UK’s energy landscape, providing a reliable source of low-carbon power. Each SMR power station will have the capacity to generate 470MW of energy, equivalent to more than 150 onshore wind turbines.
This clean energy will help the UK reduce its carbon footprint and meet its climate change targets.
The creation of 40,000 jobs is a welcome boost to the UK economy, demonstrating Rolls-Royce’s commitment to supporting British industry. As Cholerton noted, “Success in the UK will further strengthen our position as the leading SMR company and ensure the UK is able to capitalize on this transformational opportunity for the domestic supply chain.”
These jobs will not only provide employment opportunities but also help to stimulate local economies and promote economic growth.
The UK government has welcomed Rolls-Royce’s investment, recognizing the significance of the project for the country’s energy security and economic growth.
The government has pledged to support the development of SMR technology, acknowledging its potential to provide clean, reliable, and affordable energy.