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Siemens Energy to supply Rolls-Royce with equipment for small nuclear reactors

ReutersFeb 28, 2025 11:30 AM

Adds Rolls-Royce SMR CEO comment on jobs in paragraph 3, context in paragraph 9

- Siemens Energy said on Friday it has entered a partnership that is expected to make the German group the exclusive supplier of conventional technology for future small modular nuclear reactors (SMR) to be built by Rolls-Royce SMR RR.L.

Under the agreement, to be finalised by end-2025, Siemens Energy ENR1n.DE would supply steam turbines, generators and "other auxiliary systems" for Rolls-Royce SMR's planned Generation 3+ modular nuclear power plants, it said.

"This partnership will unlock UK jobs and a range of manufacturing opportunities and further cements our position as Europe's leading SMR technology," Rolls-Royce SMR CEO Chris Cholerton said.

So-called SMRs are being developed by global nuclear energy suppliers to produce power plant technology that is easily replicable, faster and cheaper to deploy than traditional large-scale plants.

"We are currently experiencing a global renaissance of nuclear energy," Siemens Energy board member Karim Amin said.

"Numerous countries are turning to nuclear technology to produce low-emission electricity, and small modular reactors will play a key role in this."

Rolls-Royce SMR - which is majority owned by Rolls-Royce while Qatar, Constellation Energy CEG.O and investor BNF Resources hold minority stakes - is one of the companies shortlisted by Britain to develop SMRs.

Electricity producer CEZ CEZP.PR said in October it would take a minority stake in Rolls-Royce SMR, whose reactors can achieve output of up to 470 megawatts, enough to power around 1.1 million households.

Rolls-Royce SMR has been selected to deliver SMR units in the Czech Republic and short-listed for potential projects in Britain and Sweden, it said.

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