On a day like today RR should be in positive territory - ridiculous |
Why not build the SMR's on the existing, decommissioned and to be decommissioned sites? No planning needed for that. Ready supply of water (that used for the old, large reactor now closing down).
It's just tosh. Designed to keep those Labour m.p.'s who are pushing for more nuclear. Not involving the Chinese is probably coded language to prepare us for the involvement of US companies.
Starmer's words:
“We have to drive the UK forward. This isn’t just about having the best nuclear technology — it’s about powering our future industries and delivering cleaner, affordable energy for people around the country.”
Coded for......Rolls Royce may be the most advanced but we don't want to fund a UK solution so we are open to externally supported, less than the best SMR developments.
All tosh. |
Michael Shanks the energy minister on TIMES Radio today at 7:05 was terrible. Despite being asked numerous times he didn't answer one question at all about anything - just kept peddling the same guff that planning restrictions will be lifted somewhat to enable SMRs to be built in new places. |
I'm very surprised at how positive Starmer is sounding on the SMRs. The press is being positive as well but I had to smile at the BBC dragging out Greenpeace to get some negative slant on it. |
Rolls-Royce, Triveni Engineering ink pact to explore opportunities in marine gas turbine generators |
Govt supposedly making planning easier for SMRs |
No surprise :-
FTSE futures currently +70. |
Links for both : |
 Keir Starmer vows to power past nimbys and build nuclear stations
The prime minister expects Labour MPs to back a new generation of nuclear power stations in their constituencies
Sir Keir Starmer has said that he will “push past the nimbyism” to ensure that a new generation of mini nuclear power stations are built.
The prime minister announced that he is changing planning rules to allow small modular reactors (SMRs) to be built for the first time in Britain.
At present, rules state that only the government may designate sites for potential nuclear power stations, severely limiting where they can be built. There are only eight designated locations in the UK.
The government will drop that requirement and hopes that the first small reactor will be built in Britain by 2032. Starmer wants them to power the energy-hungry data centres needed for artificial intelligence.
He said: “If we get this right, I think people will genuinely look back in years to come and say that made a massive difference to the economy to growth and just the way in which we’ve been able to move forward. We do have to push past the nimbyism.
“It does open up areas that weren’t capable of being considered nuclear sites before. And that means that it will be in some areas where people hadn’t even thought there’s going to be anything nuclear near me. And yes, we’re going to have to push it through.”
Starmer said he also expects Labour MPs to back small nuclear reactors in their constituencies along with new housing and other infrastructure.
Everybody puts their hand up for infrastructure for change, taking the country forward, and then puts their hand up again when they’re asked to object to it being in your area,” he said. “We’ve just got to break through that.”
He said that Labour’s large majority presented an opportunity, adding that: “We haven’t had a big working majority in parliament for a long time now, which has meant that all those trade-offs were more muscular than they are at the moment.”
Britain’s five nuclear power stations, which generate about 6GW in total, powering 13 million homes, are all nearing the end of their lives. Two new nuclear power plants have been approved: Hinkley Point C in Somerset, which is being built; and Sizewell C in Suffolk, which is still at the development stage.
However, advocates of nuclear power argue that more stations will be needed to meet the government’s net-zero target and they see SMRs as a low-cost alternative to conventional plants. They are potentially much cheaper and faster to build and can be deployed in areas unsuitable for traditional nuclear power stations.
To date, no commercially operational small modular reactors have been built. The government is running a competition to develop the technology.
The prime minister said: “The UK is being left behind in the global race on nuclear energy. Other countries are sprinting ahead, yet it was the UK that was one of the first to start the firing gun. Meanwhile, other countries are stealing a march. China has 57 operational nuclear reactors which are generating enough cleaner, affordable energy to power up 38 million homes at once, while saving 150 million tonnes of CO₂ emissions every year, powering their supercomputers — the engines that drive progress in AI.
“We have to drive the UK forward. This isn’t just about having the best nuclear technology — it’s about powering our future industries and delivering cleaner, affordable energy for people around the country.”
He signalled that China will be barred from investing in or building Britain’s small nuclear reactors. “We’re intending to go ahead with trusted partners because I think that’s the place we need to be in,” he said.
• Go nuclear in search for growth, Labour MPs urge Starmer
Starmer suggested that technology companies that are pushing for new data centres could invest in the reactors. “They are very keen to get the data centres in and they’re very alive to the fact that power is a big issue,” he said. “So it is in their interest that this happens.” |
MCunliffe - I suspect sadly, its not (misplaced)! |
Thats more down to the fact that the uk stopped building nuclear plants for decades. SMRs is a golden opportunity not only to get back in but to lead on the reactor side at least. Unfortunately we dont have control of the other major plant aspects, ironically it was Rolls Royce that sold us out of steam turbines, when it sold Parsons ( the company that invented the technology!) to Siemens, and that pratt Simpson , former CEO of Marconi (as well as Lucas) who ceded control of our capability to build power generation plant when he literally handed GEC-Altshom JV to the French, simiulatneously also destroying our indiginous train manufacturing industry. |
That's why EDF - owned by the French government - are currently building the ONLY new nuclear facility in the UK. Because every UK government since Maggie Thatcher has NOT placed Britain at the forefront.
I really, really hope my cynicism is misplaced soon. |
I do hope they have in their minds when making the decision Trumps mantra of America First, and they follow this in putting Britain First in all aspects, and that means supporting British Technology and export potential, and devoloping a highly skilled highly productive workforce thereby creating long term prosperity for the country. |
Ministers will relax rules to build small nuclear reactorshttps://www.thetimes.com/article/69ae7bb1-ef4a-4448-a79d-fa00bf987abb?shareToken=1fb88728551bd3be1f8c46e12952f80a |
Good post Skinny ! I found this article in the early hours but it was published in the times behind a paywall, so couldn't read it |
"Rachel Reeves, the chancellor, is expected to use the government’s spending review to announce funding for one or two small modular reactors designs. GE Hitachi Nuclear Energy and Rolls-Royce are among companies competing for the funding in a process being run by Great British Nuclear. Reeves is also expected to make a final funding decision on Sizewell C." |
NewMed energy up 7% maybe Sir Ed Davey should retire.?? |
NewMed energy up 7% maybe Sir Ed Davey should retire.?? |
Citigroup fair value 564, on services turndown.. |
Services turndown |
Trump’s tariffs unlikely to dent Rolls-Royce, says leading investment bank
Rolls-Royce Holdings PLC (LSE:RR.), the British engineering giant best known for its aircraft engines, is unlikely to suffer much from Donald Trump’s latest round of tariffs, according to analysts at Citi.
While trade wars have rattled companies with strong links to the United States, Rolls' exposure to the American market is relatively small.
The key reason? Most of its commercial engine business is focused on Europe and Asia rather than the United States.
According to Citi, only about 8% of its latest wide-body aircraft engine deliveries — those designed for large, long-haul planes — went to America's airlines last year.
Meanwhile, just 7% of Rolls-Royce’s Trent engine fleet is based in the United States. With no alternative suppliers for spare parts and airlines locked into long-term engine deals, any disruption from tariffs is expected to be minimal.
Defence accounts for around 70% of Rolls-Royce’s US business, but Citi believes this is largely unaffected since production for military contracts happens over in the States.
The biggest question mark is the Power Systems division, which makes engines for ships, trains, and industrial uses.
It accounts for about a quarter of Rolls' overall business, but Citi estimates that only 10–20% of that is linked to the United States — equating to just 2.5–5% of group revenue.
While this part of the business operates on shorter order cycles and could be more exposed, Citi does not expect any tariff-related impact to be significant.
Overall, Rolls-Royce’s reliance on non-US markets means it is better shielded than many from escalating trade tensions. With a strong order book and limited alternative suppliers, the company appears well-placed to weather any tariff turbulence.
At 591p, the shares have been unaffected by the recent trade turmoil instigated by the new US president, who has threatened Canada, Mexico and China with protectionist levies. |
EU have approved the CEZ buy in :Rolls-Royce: EU approves joint acquisition of Rolls-Royce SMRFebruary 04, 2025 at 09:28 am ESTThe European Commission announces that it has approved the acquisition of joint control of Rolls-Royce SMR Limited ('Rolls-Royce SMR') by Rolls-Royce and CEZ Holdings of the Netherlands.This transaction mainly concerns the research, development and deployment of compact modular nuclear reactor designs.The Commission concluded that the notified transaction would not raise competition concerns due to its limited impact on the European Economic Area, and given the limited market positions of the companies resulting from the proposed transaction.Copyright (c) 2025 CercleFinance.com. All rights reserved. |
Someone loading up today bodes well for I think. |
Will have a revert back to that post, thanks.. |
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