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    RR.   GB00B63H8491

ROLLS-ROYCE HOLDINGS PLC

(RR.)
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Small Modular Reactors Get The Go-ahead

11/26/2021 | 07:09am EST

Rolls-Royce announced today that it had secured funding for small modular reactors and established the Rolls-Royce Small Modular Reactor (SMR) business with an aim of delivering low-cost, low carbon nuclear power technology. This will unlock Ł210 million from UK Research and Innovation.

The world's second largest aircraft engine manufacturer is a jewel in the crown of British manufacturing and this funding is said to have the potential to create 6000 new jobs in the Midlands and North of England.  If this can be shown to be an effective way of generating safe, low-carbon power, there is a potential for a very large export market and this could be an effective way of meeting the world's future carbon targets.

This will be no easy task and will take a great deal of hard work and innovation to achieve the desired end result, particularly in an industry which is traditionally very conservative, but with the knowledge and experience of Rolls-Royce, I am very hopeful that this will be one further step towards the 2030 goals.

Rolls-Royce (LSE:RR., ADR:RYCEY) announced today that following a successful equity raise, the Rolls-Royce Small Modular Reactor (SMR) business has today been established, to bring forward and deliver at scale the next generation of low cost, low carbon nuclear power technology.

 https://www.investegate.co.uk/rolls-royce-holdings-

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Mr Giles Pinnington
Marks & Clerk
1 New York Street
Manchester
M1 4HD
UK
Tel: 2074200000
Fax: 207836339
E-mail: jalexander@marks-clerk.com
URL: www.marks-clerk.com

© Mondaq Ltd, 2021 - Tel. +44 (0)20 8544 8300 - http://www.mondaq.com, source Business Briefing

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Financials
Sales 2021 11 754 M 15 840 M 15 840 M
Net income 2021 126 M 170 M 170 M
Net Debt 2021 5 658 M 7 625 M 7 625 M
P/E ratio 2021 70,7x
Yield 2021 -
Capitalization 9 416 M 12 670 M 12 690 M
EV / Sales 2021 1,28x
EV / Sales 2022 1,14x
Nbr of Employees 48 200
Free-Float -
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Number of Analysts 18
Last Close Price 119,72 GBX
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David Warren Arthur East Chief Executive Officer & Director
Panos Kakoullis Chief Financial Officer & Executive Director
Anita Margaret Frew Chairman
Grazia Vittadini Chief Technology Officer
Hsien Yang Lee Independent Non-Executive Director
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