Rolls-Royce SMR has signed a deal with Czech power company ČEZ Group to expand production on its small modular reactors (SMRs).

SMRs are easier to scale and more affordable than building larger nuclear power plants. The entirely factory-built facilities can be transported as modules and assembled on-site, radically reducing construction activity and making SMRs a commodifiable product.

Another advantage is that SMRs can meet smaller, localised power demands, be scaled up for larger demand or used to complement renewable energy sources.

As part of the deal, ČEZ will deploy up to 3GW of electricity in the Czech Republic, using power plants developed by Rolls-Royce SMR.

Tufan Erginbilgiç, CEO of Rolls-Royce, said: “We have a shared vision, and ČEZ further strengthens our ability to build stable, secure, low-carbon power – delivering on our promise as a leading SMR business. Today’s announcement ensures that the Rolls-Royce SMR business is set up for success in the UK, the Czech Republic and...