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UK Names 6 Companies to Compete for Small Modular Nuclear Reactor Contracts, With Rolls-Royce as Front-Runner

  • GB Nuclear selected 6 companies including Rolls-Royce, EDF, GE-Hitachi, Holtec Britain, Nuscale, and Westinghouse Electric for the next competition stage.

  • Terrapower, founded by Bill Gates, was not shortlisted due to concerns over its reliance on Russian-produced uranium.

  • UK government aims to ramp up nuclear power to 25% of energy supply by mid-2030s using small modular reactors.

  • Rolls-Royce is the rumored front-runner having already secured over £200m in government funding.

  • Winning companies to be announced next spring, with contracts awarded in the summer.

oilprice.com
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