UK Bets on Small Nuclear Reactors With £599 Million Rolls-Royce Investment

Rachel Reeves’ flagship wealth fund has announced a fresh heap of financing for Rolls-Royce SMR following its tie-up with Ed Miliband’s state-owned energy company. The National Wealth Fund has revealed a £599m financing package for Rolls-Royce Small Modular Reactors (SMR) in a bid to kick start delivery on its project with Great British Energy. The partnership will see the creation of the UK’s first small modular reactors as part of the government’s drive for clean energy. Small modular reactors are designed to produce…