QIA invests £85m into Rolls-Royce SMR

News

Qatar Investment Authority is taking a 10 per cent equity share in Rolls-Royce SMR Limited with an £85m investment.

QIA, the sovereign wealth fund of Qatar, joins Rolls-Royce Group, BNF Resources UK Ltd and Exelon Generation Ltd as shareholders in Rolls-Royce SMR.

“I am tremendously pleased to announce that we have further strengthened our relationship with Qatar, through QIA’s investment in the Rolls-Royce SMR business,” Warren East, CEO, Rolls-Royce Group, said in a statement. “We have successfully raised the capital we need to establish Rolls-Royce SMR and it is encouraging to confirm that the business is now set up to succeed.”

Funding boost sets Rolls-Royce SMR on path to generation

Rolls-Royce SMR is building a new technology solution to deliver affordable, low carbon, nuclear power via small modular reactors. The Rolls-Royce SMR is a compact power station design, producing 470MWe from a Gen III+ pressurised water reactor (PWR). The entire plant is being designed as a number of modular sub-assemblies which will be manufactured in factories then transported to site for rapid assembly inside a weatherproof canopy.

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