RR LINKEDIN29 Oct 2024 10:47
Rolls-Royce SMR and ČEZ join forces to bring their global capabilities and know-how to the deployment of Rolls-Royce SMRs.
Today’s announcement at Kramářova vila - the official residence of the Prime Minister of the Czech Republic - includes a strategic investment by CEZ into Rolls-Royce SMR and a strategic partnership to deploy up to 3GW of electricity in the Czech Republic using Rolls-Royce SMR power plants.
The agreement strengthens Rolls-Royce SMR’s ability to deploy SMR technology in Europe and globally and puts CEZ, Rolls-Royce SMR and its existing shareholders - BNF Resources , Constellation, QIA and Rolls-Royce - at the forefront of SMR deployment.
Chris Cholerton, CEO of Rolls-Royce SMR, said: “I am proud to welcome CEZ as an equity partner. CEZ’s commitment to build Rolls-Royce SMR units, which will fulfil up to 3GW of electricity, will support its ambition to deliver clean, affordable energy to the people of the Czech Republic.
“We have a shared vision and our route to market will be further strengthened by bringing the valuable delivery experience and significant capabilities of CEZ to our market-leading SMR proposition. Our business is set up for success in the UK, the Czech Republic and around the globe.”
Daniel Beneš CEO of CEZ Group, said: “This investment enables our commitment to international collaboration in delivering clean power at home and abroad. The Czech Republic hosts some of the world’s leading nuclear supply chain companies. This collaboration in deployment of Rolls-Royce SMR units offers a unique opportunity for growth and prosperity to the nuclear sector through our participation in the development of the technology and will enable CEZ and other local companies to play a significant role in its future global production.”
This collaboration, expected to last several decades, represents an important strengthening of ties between the UK and Czech Governments and signals a strong commitment to building an international supply chain, generating an enormous opportunity to develop skills in both countries and deliver significant economic growth