"85" of highly skilled jobs could be created if the UK government chooses a consortium led by Rolls-Royce for its £250m ($310.77m) project to develop small modular reactors (SMRs), according to Harry Holt, president at Rolls-Royce's nuclear business. Holt said the project was an "opportunity to change the whole paradigm of technology" and make Britain a main exporter of SMR technology, adding that with a £2.9bn price tag, SMRs could be cheaper than Hinkley Point. Global demand for nuclear energy is predicted to hit between 65 GW and Tens of thousands GW, and be worth £250bn-£400bn.
"Tens of thousands" of highly skilled jobs could be created if the UK government chooses a consortium led by Rolls-Royce for its £250m ($310.77m) project to develop small modular reactors (SMRs), according to Harry Holt, president at Rolls-Royce's nuclear business. Holt said the project was an "opportunity to change the whole paradigm of technology" and make Britain a main exporter of SMR technology, adding that with a £2.9bn price tag, SMRs could be cheaper than Hinkley Point. Global demand for nuclear energy is predicted to hit between 65 GW and 85 GW, and be worth £250bn-£400bn.