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

The Czech powerfulness institution CEZ has signed a woody pinch Britain’s Rolls-Royce SMR to shape a strategical business to create and deploy mini modular atomic reactors

PRAGUE -- The Czech powerfulness institution CEZ signed a woody Tuesday pinch Britain’s Rolls-Royce SMR to shape a strategical business to create and deploy small modular atomic reactors.

Under nan agreement, CEZ will get a 20% stock successful Rolls-Royce SMR for which it will salary respective cardinal Czech crowns (hundreds of millions of dollars).

CEZ plans to build nan first mini modular reactor astatine nan existing Temelin atomic works successful nan first half of nan 2030s.

The business is expected to consequence successful up to 3 GW power sources installed successful nan Czech Republic. CEZ will besides participate successful different projects by Rolls-Royce SMR successful Europe and astir nan world.

The Czech authorities has an almost 70% liking successful nan company.

“It’s an important infinitesimal for ensuring power information of nan Czech Republic,” Czech Prime Minister Petr Fiala said.

A powerfulness works utilizing a mini modular reactor by nan British institution should nutrient 470 MW for 60 years, CEZ said successful a statement.

Small modular reactors are a type of atomic reactor that tin dress up to astir one-third nan magnitude of powerfulness of a accepted reactor. Developers opportunity mini reactors will beryllium built faster and astatine a little costs than ample powerfulness reactors, scaling to fresh nan needs of a peculiar location.

The Czech Republic relies connected six atomic reactors to make much than a 3rd of its energy and plans to trust connected atomic powerfulness and renewable resources aft deciding to shape retired ember for power procreation by 2033 to trim c emissions.

CEZ is expected to motion a statement by March pinch South Korea’s KHNP to build astatine slightest 2 atomic reactors successful Czechia.