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Reading an article on ii yesterday (sorry canāt post a link) it was saying that a decision on RR SMR was likely 4 1/2 years away, due to government dither. Did anyone else read the article of which this was a throwaway paragraph? Hopefully the AGM will provide a bit of clarity, though decisions from the government arenāt terribly likely in the drift down to electoral oblivion
I copied this from the UK gov website:
Great British nuclear (GBN )launched a competitive process in April 2023 to select the appropriate Small Modular Reactor technologies with the intention of final selection later in 2024 to take two SMR projects to a Final Investment Decision by 2029.
I read about 2029 being a decision time some time back. Always wondered why people keep going on about it when itās so far in the distance. Unless Iāve missed something saying itāll happen sooner š¤·āāļø
AUKUS will show that Rolls Royce can manufacture SMR for export.
AUKUS will show Rolls Royce will have the ability to deliver SMR internationally, beyond that Rolls Royce has been selected by the UK for Small Nuclear Reactorās for the moon
At 1Ā£ most of us where cheering the Covid Recovery, this is grace to 15Ā£ Just as long as the business is runs profitable
Internationally is the way forward right now, the U.K. will twiddle its thumbs deliberating before choosing a French company probably š RR is ripe for it but our government are a useless bunch of *****
AUKUS is great
Tempest Jets are great
And every normal planes engines are great
We gonna do great, right
"I read about 2029 being a decision time some time back. Always wondered why people keep going on about it when itās so far in the distance. Unless Iāve missed something saying itāll happen sooner š¤·āāļø"
An excerpt from the Telegraph article today ( https://www.telegraph.co.uk/business/2024/05/12/rolls-royce-tufan-erginbilgic-turnaround/ );
"another executive said the SMR business will run out of cash by the end of 2024, with the Government's long-delayed SMR competition not set to conclude until this summer.."
I foresee a sleuth of Tory 'Hail-Mary' policies / announcements before the election.. Of which I predict/hope SMR will be one.. then just a matter of which two companies will be down selected.
..can hear the Tory slogan mill now.. "Conservatives Backing British Jobs/Innovation/Energy Security.. rahh rahh rahh"
Totally agree with you Lieutenant.
With the construction of the first RR factory postponed to now use a British third party (for manufacturing that is, not construction of the SMRs), the Torys ācouldā double bag by send the contracts through to RR before the November election.
Letās see if theyāre astute enough to do so.
Would be a wise move nettles
Wouldnāt hold my breath though for anything to do with UK gov
Fair point Davdeladier.
My humble opinion, not very RR friendly I admit, would be a cross party situation from here on until the election.
It looks like weāre heading into a hung parliament so I think cross party politics in terms of anything the Toryās wish to do from now on should be consulted across the house.
It will save us 4 years worth of stagnant growth due to Labour revoking everything the Tories have done just to make a point (party politics).
Be interesting to see where Labour stand with the whole SMR movement.
Thought I would have a look at Reforms thoughts on Energy, I agree with their views on net zero and energy.
https://www.reformparty.uk/energy-and-environment
"Cleaner Energy from New Technology.
Fast-track clean nuclear energy with new small modular reactors, built in Britain. Increase and incentivise UK lithium mining for electric batteries, Combined Cycle gas turbines, clean synthetic fuel and clean coal mining."
I was watching a documentary on how Norway kept their oil production more in house rather than selling it off, it has benefited their people for decades rather than giving it a short boost.