The name Rolls Royce is associated with luxury cars. However, the company is more of an energy company and is entering the nuclear power sector. Semafor states, “Rolls-Royce is on course to win a contract with the Czech government to build the first European fleet of small modular nuclear reactors.

Rolls-Royce is closing in on deals to build mini nuclear power plants in Sweden and The Netherlands, The Mail on Sunday can reveal. The British engineering giant was last week selected by the government of the Czech Republic as preferred supplier to state-owned power group CEZ, beating competition from French, American and Japanese rivals.

Beloit defense supplier Fairbanks Morse Defense has entered into an agreement to acquire the naval propulsors and handling business of London-based Rolls-Royce PLC, which includes production facilities in the U.S. and Canada.

Rolls-Royce SMR has been chosen by the Czech Government as the preferred partner to develop small modular reactors in Czechia

Our writer doesn’t think the Rolls-Royce share price offers value for money at the moment. But he likes the look of its nuclear energy programme. The post Could small modular reactors cause the Rolls-Royce share price to explode?

CEZ, the Czech Republic's state-controlled energy group, has chosen the UK's Rolls Royce as its partner to develop small modular reactors (SMRs). The decision is a blow to rival bidders Westinghouse and GE Hitachi of the US.