See more This is Money on Google - save us as a Preferred SourceBy JOHN-PAUL FORD ROJAS, DEPUTY BUSINESS EDITOR Updated: 13:56 BST, 21 June 2026
Rolls-Royce is eyeing deals to supply eastern European countries with mini nuclear power stations as they look to free themselves from dependence on Russian energy supplies.The firm has already announced agreements to supply the Czech Republic and most recently Sweden, as well as the UK itself, with small modular reactors (SMRs).There could be even more deals, boosting jobs in Britain, where it employs 1,200 people in the SMR business and accounts for 1,000 more in the supply chain.The mini power stations are designed as modules built in factories before being put together on site. They are intended to be a quicker and cheaper way of boosting electricity supply than larger power stations, which can take decades to develop and build.Rolls-Royce, led by Tufan Erginbilgic, left, is the majority owner in the Rolls-Royce SMR business, which is also backed by international investors. It is vying with rivals including GE Vernova – a venture backed by America’s GE and Japan’s Hitachi – for deals in a growing global market. Deals: Rolls-Royce is eyeing deals to supply eastern European countries with mini nuclear power stations
