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UK Signs Deal for Three Small Modular Reactors, Boosting Energy Security

4/13/2026

Summary

Story summary

Great British Energy-Nuclear (GBE-N) and Rolls-Royce SMR signed a contract to deliver three Small Modular Reactors (SMRs) in the UK.
The National Wealth Fund will finance the project, supporting the design and development of the new nuclear technology.
Each SMR will generate 470 megawatts of low-carbon electricity, sufficient for about one million homes, and is projected to create around 1,000 jobs.
Chancellor Rachel Reeves stated that this investment will enhance energy security and promote clean energy growth.
National Wealth Fund CEO Oliver Holbourn highlighted the initiative's significant impact on the UK's nuclear industry.

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Story summary

Great British Energy-Nuclear (GBE-N) and Rolls-Royce SMR signed a contract to deliver three Small Modular Reactors (SMRs) in the UK.
The National Wealth Fund will finance the project, supporting the design and development of the new nuclear technology.
Each SMR will generate 470 megawatts of low-carbon electricity, sufficient for about one million homes, and is projected to create around 1,000 jobs.
Chancellor Rachel Reeves stated that this investment will enhance energy security and promote clean energy growth.
National Wealth Fund CEO Oliver Holbourn highlighted the initiative's significant impact on the UK's nuclear industry.