Rolls-Royce Is Breathing Life Back Into The Nuclear Industry

Rolls-Royce, the British engine manufacturer, Exelon, the US utility, and BNF Resources, a London-based private investment firm, have joined together to produce small modular reactors (SMRs) designed by Rolls-Royce. The new entity, Rolls-Royce SMR Limited. The £195 million of privately raised funds (taken in over a three-year period) enables the group to access a £210 million grant from the UK government. The Chicago-based electric utility, Exelon Generation,  stated that it will also be contributing operational expertise to the…