Rolls-Royce selects Siemens Energy for SMR project [Yahoo! Finance]
SIEMENS AG SPONS ADR (SIEGY)
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Source: Yahoo! Finance
The agreement requires Siemens Energy to deliver steam turbines, generators and auxiliary systems for the UK manufacturer's Generation 3+ modular nuclear power plants. The agreement will be finalised by the close of 2025. According to Siemens Energy, the mini nuclear reactors' standardised concept allows them to be commissioned at a faster rate when compared with conventional power plants. The pressurised water reactors of Rolls-Royce SMR can achieve an electrical output of up to 470MW, enough to power 1.1 million homes. Each Rolls-Royce SMR is expected to generate 1358 megawatt hours (MWh), equal to 45,000 domestic boilers. A fleet of Rolls-Royce SMRs will contribute £54bn to the UK economy between 2025 and 2105. Siemens Energy has been a supplier and service provider of components for the "power island" - the non-nuclear part of the power plant - for decades. The company's solutions for nuclear power plants feature steam turbines and generators with outputs ranging fr
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