Rolls-Royce Small Nuclear Reactor Likely To Win UK Approval

• A Rolls-Royce (OTC:RYCEY) (OTC:RYCEF) design for a small modular nuclear reactor (SMR) will likely win U.K. regulatory approval by mid-2024 and produce grid power by 2029, Reuters reports.
• In the meantime, Rolls-Royce will start manufacturing parts of the design that are most unlikely to change.
• Each 470 MW SMR unit costs 1.8 billion pounds ($2.34 billion).
• Rolls-Royce will build each SMR on a 10-acre site equivalent to 10 football fields.
• SMRs were cheaper and quicker to build, and users could deploy them on ships and aircraft. 
• SMR's "modular" format helped them ship by container from the factory and install relatively quickly on any proposed site.
• Policymakers saw SMRs help cut dependence on fossil fuels and lower carbon emissions.
• Photo via Wikimedia Commons