Off-Topic /
Stock Market Talk and Trading - part 2 [494]
Looks like Rolls Royce shares will be on the up.
Rolls-Royce has won a competition to be the first company to try to build small modular nuclear reactors in the UK, as part of a government effort to push Britain to the frontier of nuclear energy technology.
The UK's Great British Energy on Tuesday announced Rolls-Royce as the preferred bidder for the programme, after a drawn-out competition that pitted the FTSE 100 manufacturer against two US-owned companies..................... It will aim for 70% of the parts to be based in the UK, although the delay has already meant Rolls-Royce has chosen a non-UK supplier for crucial pressure vessels.
Reeves said: "The UK is back where it belongs, taking the lead in the technologies of tomorrow with Rolls-Royce SMR as the preferred partner for this journey."
Tom Greatrex, the chief executive of the Nuclear Industry Association, said it was "a hugely significant moment for Rolls-Royce SMR and for the British nuclear programme", highlighting the potential for exports of the technology.
While the UK is due to get the first reactor, Rolls-Royce has already agreed to produce an SMR in the Czech Republic, and it is in the final two in a competition in Sweden.theguardian.com/business/2025/jun/10/rolls-royce-uk-small-nuclear-reactors-smr-sizewell-c
This is massive. A couple of American firms were seething in anger and begging their government to intervene so they could get the lion's share rather than losing out. I did worry that this may form part of the trade deal with the US, which it evidently now doesn't. The French wanted in as well.
Most of the patents for SMRs are held in the UK and this will be a very big earner for Britain as well as create a lot of jobs (many more than the initial 3,000) over the years. It would be great if Polish companies could have a role too.
I'm glad I held onto those RR shares and bought some more yesterday.
