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A deal for nuclear submarine reactors is agreed between the Ministry of Defence and Rolls-Royce. ... designed to provide 200 apprenticeships each year for at least a decade.
The Rolls-Royce SMR, also known as the UK SMR, [1] is a small modular reactor (SMR) design being developed by the Rolls-Royce (RR) company in the United Kingdom. The company has been given financial support by the UK Government to develop its design.
The AMP became home to the new £25 million Nuclear Advanced Manufacturing Research Centre (Nuclear AMRC) led by the University of Sheffield with Rolls-Royce, funded with £15 million from the Department for Business, Innovation and Skills and £10 million from the regional development agency Yorkshire Forward. [24]
These businesses had a revenue of $70 million and about 500 employees in 2018. Rolls-Royce is keeping its nuclear new build and small modular reactor (SMR) business in the UK. [56] In November 2020, the company announced plans to build up to 16 Rolls-Royce SMR nuclear plants across the UK, continuing its nuclear division operations. [57]
Britain's government on Friday announced a deal with engine-maker Rolls-Royce to support the Royal Navy's fleet of nuclear submarines, seen as boosting economic growth and national security.
Rolls-Royce has been working on so-called nuclear microreactors for more than three years. The company said the reactors could provide energy for data centers, mining, and space missions.
It was created as a joint company in 1954 with the name Rolls-Royce and Associates; the associates being Vickers, Foster Wheeler and later Babcock & Wilcox. It changed its name on 15 January 1999 to Rolls-Royce Marine Power Operations Limited and is part of the marine business of Rolls-Royce plc.
It went critical in 1965. HMS Vulcan is a Rolls-Royce PWR 1 reactor plant and tested Cores A, B and Z before being shut down in 1984. In 1987, the plant was re-commissioned as LAIRD (Loss of Coolant Accident Investigation Rig Dounreay) a non-nuclear test rig, the only one of its kind in the world.