Czech power company CEZ signs deal with Britain's Rolls-Royce SMR to build modular nuclear reactors

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The Czech power company CEZ has signed a deal with Britain’s Rolls-Royce SMR to form a strategic partnership to develop and deploy small modular nuclear reactors.

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The partnership is expected to result in up to 3 GW energy sources installed in the Czech Republic. CEZ will also participate in other projects by Rolls-Royce SMR in Europe and around the world.“It’s an important moment for ensuring energy security of the Czech Republic,” Czech Prime Minister Petr Fiala said.

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Czech power company CEZ signs deal with Britain's Rolls-Royce SMR to build modular nuclear reactorsThe Czech power company CEZ has signed a deal with Britain’s Rolls-Royce SMR to form a strategic partnership to develop and deploy small modular nuclear reactors. Under the agreement, CEZ will acquire a 20% share in Rolls-Royce SMR for which it will pay several billion Czech crowns (hundreds of millions of dollars).
Source: AP - 🏆 728. / 51 Read more »