Rolls-Royce SMR Signs Contract for UK's First Small Modular Reactor Project

Rolls-Royce SMR has signed a contract with the UK government's Great British Energy–Nuclear to begin work on the UK's first small modular reactor project at the decommissioned Wylfa nuclear plant, backed by up to £599 million from the National Wealth Fund. This three-reactor, 1.4-GWe initiative aims to provide electricity to millions of homes by the mid-2030s, part of a larger £2.6 billion allocation from the 2025 Spending Review. Additionally, shareholders have approved the acquisition of Constellation's equity interest in the SMR business.