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Rolls-Royce Secures £599 Million for UK's First Modular Reactors

4/15/2026

Summary

Rolls-Royce Boosts Energy

Rolls-Royce has secured up to £599 million from Britain's National Wealth Fund to develop the UK's first small modular reactors at Wylfa, Anglesey.
The investment aims to boost energy security and support the government's plan to strengthen domestic energy production and attract capital.
Rolls-Royce SMR's chief executive called the project significant for UK supply chain.
Energy Secretary Ed Miliband said the initiative will create jobs and promote clean, homegrown power.

History

Historical Context

The UK's Energy Act of 2013 aimed to reform the energy market and promote low-carbon sources, facilitating over £100 billion in renewable investments. This legislation aligns with the 2020 energy white paper's goal of achieving net zero emissions by 2050. Rolls-Royce's recent £599 million investment in small modular reactors at Wylfa reflects ongoing efforts to enhance energy security and create thousands of jobs.

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Rolls-Royce Boosts Energy

Rolls-Royce has secured up to £599 million from Britain's National Wealth Fund to develop the UK's first small modular reactors at Wylfa, Anglesey.
The investment aims to boost energy security and support the government's plan to strengthen domestic energy production and attract capital.
Rolls-Royce SMR's chief executive called the project significant for UK supply chain.
Energy Secretary Ed Miliband said the initiative will create jobs and promote clean, homegrown power.

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