Rolls-Royce To Develop Mini Nuke Reactors To Decarbonize Power Grid
Rolls-Royce Group, BNF Resources UK Limited, and Exelon Generation Limited will develop small modular nuclear reactors that will allow the country to meet net-zero commitments. With every passing week, our core thesis set here last December is that nuclear would be widely embraced as a net-zero enabling technology for power grids. SMRs are a much cheaper solution than big nuclear power plants that have been in use for more than half a century. Nuclear power will be at the heart of Britain’s strategy to reach net-zero carbon emissions in the coming decades, along with the rest of the world.
A combination of nuclear power via SMRs, renewables, carbon capture, and storage could be part of a balanced net-zero grid. Last month, we noted that France was also adopting nuclear as part of President Macron’s strategy for decarbonization. Recall, Germany is trying to stop the decommissioning of its nuclear reactors. A recently penned letter to the FT, signed by professors from Oxford, Harvard, and American University alongside a group of environmentalists, urged Germany to postpone its exit from nuclear energy for the benefit of the environment.
One of the biggest stories is the company that will power the green nuclear revolution, such as the world’s largest publicly traded uranium company, Cameco Corp. Today’s nuclear ambitions by companies and countries to fuel the ESG craze will be rewarding for those who bought uranium stocks.
Source: Tyler Durden | ZeroHedge