The Britain could become a major exporter of nuclear technology if it chooses a Rolls-Royce-led consortium for its £250m ($311m) project to develop small modular reactors (SMRs), according to Harry Holt, president of Rolls-Royce's nuclear business. SMRs could be cheaper than Hinkley Point, according to Rolls-Royce, which estimates full development of the technology would require £1.2bn followed by an additional £1.7bn to get the first SMR operational. Global demand for SMRs over the next two decades predicted to grow to between 65 GW and 85 GW and be worth £250bn-£400bn.
The UK could become a major exporter of nuclear technology if it chooses a Rolls-Royce-led consortium for its £250m ($311m) project to develop small modular reactors (SMRs), according to Harry Holt, president of Rolls-Royce's nuclear business. SMRs could be cheaper than Hinkley Point, according to Rolls-Royce, which estimates full development of the technology would require £1.2bn followed by an additional £1.7bn to get the first SMR operational. Global demand for SMRs over the next two decades predicted to grow to between 65 GW and 85 GW and be worth £250bn-£400bn.