The English “Green” future passes through Rolls Royce, but nuclear

The British "Green" solution passes through Rolls Royce, but that of nuclear reactors. According to a press release from the company itself, Rolls-Royce Holdings Plc, it has raised over 500 million euros to finance "the next generation of low-cost, low-carbon nuclear technology".

Rolls-Royce Group, BNF Resources UK Limited and Exelon Generation Limited will develop small modular nuclear reactors (SMRs) that will enable the country to meet zero commitments. The SMRs will be built in the UK and open for export to customers around the world.

While the price of natural gas is putting British households in crisis, therefore the green transition, and especially the abundance of energy, should arrive in the United Kingdom through a large number of small, high-pressure pressurized nuclear plants, with separate circuits between those at contact with the fissile material and those used for the generation of steam, which would then move the turbines for the generation of energy. All this in small plants, not in large plants that require very long construction times.

Warren East, CEO of Rolls-Royce, adds: " The SMR program is one of the ways in which Rolls-Royce is meeting the need to ensure that the UK continues to develop innovative ways to address the global threat of climate change."

" With Rolls-Royce SMR technology, we have developed a clean energy solution capable of delivering scalable and cost-competitive net zero energy for multiple applications, from power generation to grid and industrial to hydrogen and synthetic fuel production. " East said.

SMRs are a much cheaper solution than large nuclear power plants that have been in use for more than half a century. Nuclear power will be at the heart of the British strategy to achieve zero carbon emissions in the coming decades, together with the rest of the world.

A combination of nuclear power through SMR, renewables, carbon capture and storage could be part of a zero-balanced grid.

Last month we noticed that France was also adopting nuclear power as part of President Macron's decarbonization strategy.

Recall, Germany is trying to stop the decommissioning of its nuclear reactors. A letter recently written to the FT, signed by professors from Oxford, Harvard and the American University along with a group of environmentalists, urged Germany to postpone its exit from nuclear energy for the benefit of the environment.

Another country that is considering the SMRs is Poland, highly dependent on coal and which can almost only use nuclear power as a continuous source of energy. Only a few days ago, a Chinese plan emerged to build 150 new nuclear reactors over the next 15 years. .

Meanwhile, the shares of Cameco Corp, the largest uranium production company in the world, are starting to rise again.

Green paradoxically drives the mining of one of the most toxic materials in the world, uranium.

---

---

The article The British “Green” future passes through Rolls Royce, but nuclear comes from ScenariEconomici.it .

---

This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/il-futuro-verde-inglese-passa-per-la-rolls-royce-ma-nucleare/ on Wed, 10 Nov 2021 09:00:49 +0000.