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.. |
GTG have a listen to the interview I posted 4012 , she explains the technology they are all based on , but obviously she working for RR, so it's mostly focused on RR |
How do these guys rate compared to Westinghouse?(Brookfield Investment Partners) or Rolls's own efforts?? |
hxxps://www.niauk.org/ge-vernovas-nuclear-business-accelerates-uk-smr-deployment-with-mous/ |
HAHAHA Sir go for pm ... |
Just watched Rewiring Britain doc on BBC and the stupidity of Milibrain is staggering. He seems intent on destroying vast swathes of our best Lincolnshire arable farmland to build solar farms so that the country will be totally dependent on imported grain, and destroying some of the best Anglian coastline building substations connecting offshore wind farms, thereby trashing our tourist insustry when the simple solution is to build SMRs on existing brownfield nuclear sites and thereby create 1000s of highly skilled jobs and massive export potential for the country. And they (politicians) wonder why productivity in the UK is so poor compared to our peers and in continual decline! |
 From todays D Tele.
Britain’s entrenched prejudice against engineering and manufacturing must be rewired.
Is this Britain’s moment? It could and it should be.
This sounds insane, given the daily news. The economy looks like an intensive care ward where the lights are being turned off one by one. AstraZeneca has cancelled a £450m plant on Merseyside. Scotland is on its way to lose 100,000 jobs and Sir Jim Ratcliffe warns that the petrochemicals sector in the UK is facing “extinction221;.
But the sentiment isn’t mine: it’s one I hear most when I talk to businesses in booming Poland. Poles regard themselves as the most pragmatic nation on the Continent and are proud that their industrial revolution preceded its neighbours by decades.
They know where their wealth comes from, too. Like Britain, it was founded on maths, science and engineering, and a third of Polish GDP today comes from manufacturing. Their admiration for the UK is twinged with bafflement. Britain has the richest technology history of any nation on Earth, and it’s now independent of the competing power blocs. So they ask: why don’t we value what we’re great at and exploit our new freedom?
From their perspective, the UK is a medium-sized power that punches far above its weight in technology. From industrial processes and developing and using revolutionary materials, to consumer gadgets, the UK creates critical innovations for global supply chains in the medical, automotive, telecommunications and space.
For example, Croda Pharma’s nano-encapsulation technology allows new forms of treatment, such as a breathable vaccine. The US military’s STOL fighters need Rolls-Royce’s LiftFan propulsion systems, and Rolls’s engines are the mainstay of the world’s civil aviation fleets. New quantum engineering companies are creating breakthrough products for instrumentation, sensing, timing and computing. |
1rtb are you the CCP mouthpiece |
CINEESE AECC pushing Airbus to be main jet engine supplier...??? |
CINEESE AECC pushing Airbus to be main jet engine supplier...??? |
MC , hopefully soon the only room millibrain will be locked away in is a padded one , with a comfy jacket to boot ! Just so he can't be strung up by the general public who are paying for his madness. Totally criminal what this bunch of muppets are doing to our country , stock up on candles is all I can say , while we can still afford them ! |
Let's hope Miliband isn't hiding from Heathrow and the third runway but is instead locked in a quiet room composing his announcement of multiple SMR's to be built by Rolls Royce and sited in the UK.
#4022 and #4023 both excellent reads. Thanks guys. |
BUSINESS WEST
Simon Bowen said he hoped the region "could be the nuclear hub of the UK"
Published
1 February 2025, 07:29 GMT
A region has "huge potential" to once again become a nuclear hub, according to the chairman of Great British Nuclear (GBN).
Land in Gloucestershire next to two decommissioned nuclear power stations, in Oldbury and Berkeley Green, is set to be redeveloped for a new kind of nuclear technology.
Simon Bowen, of GBN, said the region's "rich nuclear history" was "enormously exciting", and the new projects would provide "very high quality jobs" for the area.
"I have made no secret of the fact that I think Oldbury is an absolute prime site for SMRs [small modular reactors]," he added.
He continued: "I think there is a massive opportunity now with us purchasing Oldbury, with the separate Berkeley project nearby, and all the work that Western Gateway has done with the Severn Edge project."
Mr Bowen explained Oldbury was a site that might be able to house up to six SMRs.
A black and white image showing a control room inside the Berkeley nuclear power station. There are men sat behind desks making notes, and another man in white overalls standing up on the phone. The walls are covered in circular dials, buttons and valves.
The nuclear power station at Berkeley, seen here in 1963, was stripped of its equipment when it closed in 1989
Mr Bowen said: "A skills hub around the south west is being launched and the UTC [University Technical College] at Berkeley is a great model for apprenticeships and higher apprenticeships."
Construction for the Oldbury plant is due to begin around 2029.
Mr Bowen said investment in the region was set to be worth "tens of billions" and would create thousands of jobs.
"You are putting infrastructure in place which will last for 60-80 years and possibly longer.
"People smart at the costs of nuclear but the true cost of nuclear is competitive when you compare it with things like offshore wind and a lot of the new technologies," he said. |
Stephen Anness, head of global equities at Invesco and manager of Invesco Global Equity Income Trust (IGET), explains why the trust invests in Rolls-Royce (RR.):"We have followed Rolls-Royce for over two decades, and have always viewed the business as technologically strong, operating in an industry with enormous barriers to entry and offering great visibility on what the company would still be doing 10 or even 20 years into the future. Sadly, it was frequently let down by its operational efficiency, which management teams had failed to get to grips with."The share price peaked in December 2013. In the years following 2015, the business tried to reform under a new chief executive, Warren East. While a market leader in engineering, it was a market loser in financials (bloated costs/headcount and bureaucratic in nature); meanwhile, an issue with the Trent engine family led to planes being removed from service and to significant costs. By 2020, the business was pretty much loathed by sell-side analysts. They had given up on the turnaround by this stage it was seen as too difficult and too complex."We were intrigued by the market capitulation; the shares falling near 50 per cent between 2013 and early 2020 looked like an opportunity. We felt that the core business was very high-quality for example, the company commands a 50 per cent market share in engines for wide-body aircraft, which provides a long runway of maintenance/spares revenues, often spanning multi-decade periods. A great example is the Dart turbo engine, which has been in service since 1945 and is still operational. We initiated a position in the trust at this stage."The business had often overpromised and underdelivered. Cash generation had been patchy and the accounting is complex. This was central to our debate: could the business actually change? Covid-19 provided the burning platform needed to accelerate change; it was indeed an existential threat. The share price fell to 44p and the balance sheet was extremely stretched. To survive, the company had to increase the pace and scale of cost cuts and launch a £2bn rights issue."Tufan Erginbilgic replaced Warren East as chief executive at the beginning of 2023 and has continued to drive cost cuts and divestments. In that year, the business generated £1bn free cash flow, as it recorded its biggest engine order haul in 15 years. Strong financials allowed Rolls to repair the balance sheet, reinvest in new technology and maintain its market position."Rolls-Royce has gone through a remarkable transformation. The new management team has done an outstanding job; cost and complexity have been grappled with, free cash flow has been strong and we have seen record new orders for engines. "There are still reasons to be optimistic for the shares. We believe there continues to be room for recovery in travel demand, and the business is on track to deliver c£3bn free cash flow by 2027. The dividend will be restored this year. Finally, there is future optionality in Rolls-Royce's SMR (small modular reactor) technology. SMRs have the benefit of providing an alternative clean energy source, in locations not suitable for larger nuclear power plants."As of 31 December 2024, Rolls-Royce was Invesco Global Equity Income Trust's third-biggest holding, accounting for 4.3 per cent of the portfolio. |
Airbus not achieving targets drops engine production considerably, Chineese a real threat now to production.. |
Rollsroycegroup
This week, our teams hosted a nuclear portfolio demonstration at The House of Commons for the UK Government’s Nuclear Week in Parliament. Co-hosted by Derby South MP, Baggy Shanker and Derby North MP, Catherine Atkinson, our event provided a great opportunity to inform and educate government departments and wider industry colleagues on Rolls-Royce’s broad nuclear portfolio, from Micro-Reactors and Submarines to nuclear skills and SMRs. We’re proud to show how we’ve been harnessing the power of nuclear through innovative defence and civil applications for over 60 years. Looking to the future, we're using our experience in nuclear to develop the next generation of nuclear capability and support the energy transition. |
Hungary And UK Partner On Small Modular Nuclear Reactor Development: |
My bad everyone . Rachel Reeves is expected to announce a decision one SMRs in the Spring Statement on 26/03/2025. It's not confirmed. We could also hear sooner. But the source for this is an understated but upbeat article by Jasper Jolly in the Guardian. Where he has interviewed Stephen Lovegrove chair of RR SMR . After reading the interview depth article I got the impression Spring Statement announcement is all but confirmed . |
Roger, David Gauke when both Transport and later, Prisons minister would give Miliband a good run in the 'dim' stakes.
Miliband previously threatened to resign if Heathrow was expanded. He appears to have rowed-back on that threat. Gutless as well as dim.
To explain Gauke's claim to the 'dim' title, when he was transport minister it took me two letters to him before he understood the vehicle emissions scandal reality.
As Prisons minister I needed to write to explain giving criminals in jail their own mobile 'phone was not really a good idea. Seriously, he had considered that. It coincided with my daughter getting unwanted 'phone calls from a major criminal in jail on a basis of mistaken identity. Fortunately it turned out OK in the end. |
Totally agree with the comments here, Milliband is a disaster for the country and the dimmest cabinet minister I have ever known. Not only in his severe green policies but also he has dragged his heels on his own objectives in that we need to kick start investments in green technologies that will also bring prosperity to the UK, ie SMRs, Hydrogen and Tidal power. These are the infrastructure projects that we should be talking about, not London centric schemes like the third runway, the Lower Thames link and the Oxcam corridor and retrospective energy schemes like carbon capture. I am amazed that an intelligent PM like Starmer hasn't given him the boot. |
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