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| Name | Symbol | Market | Type |
|---|---|---|---|
| Rolls Royce Holdings PLC (PK) | USOTC:RYCEY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.24 | 4.80% | 5.24 | 5.21 | 5.24 | 5.24 | 5.15 | 5.16 | 4,097,420 | 21:00:03 |
From Apr 2021 to Apr 2024
By Ian Walker
Rolls-Royce Holdings PLC said Tuesday that it has established the Rolls-Royce Small Modular Reactor business as part of the U.K. Government's net zero strategy and 10-point plan.
The engine maker said that it, BNF Resources UK Ltd. and Exelon Generation Ltd. will invest 195 million pounds ($264.5 million) into the nuclear-reactor business over three years. It also expects to get a GBP210 million grant from the U.K. Government as part of its plan for a "green industrial revolution."
The new business will now start the search for sites for factories to manufacture the models that enable on-site assembly of the power plants.
"The business could create up to 40,000 jobs, through U.K. deployment and export enabled growth. As a major shareholder in Rolls-Royce SMR, we will continue to support its path to successful deployment," Rolls-Royce Chief Executive Warren East said.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
November 09, 2021 02:38 ET (07:38 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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