Rolls-Royce has signed a memorandum of understanding (MoU) with Turkey’s EUAS International ICC to study compact nuclear power stations.
Also known as small nuclear reactors (SMRs), nuclear power stations are a low-cost alternative to meet global power needs and support clean economic growth.
Go deeper with GlobalData
Rolls-Royce has signed the MoU as a member of a consortium that will design the nuclear power station.
The consortium comprises of various companies, including Assystem, Atkins, BAM Nuttall, Laing O’Rourke, National Nuclear Laboratory, Jacobs, The Welding Institute and Nuclear AMRC.
Under the MoU, Rolls-Royce and EUAS International ICC will study and evaluate the technical, economical and legal feasibility, as well as explore the option of joint production.
As part of the consortium, Rolls-Royce will study the technical, licensing, commercial and investment cases for the deployment of the consortium’s power station.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataIt will also study the construction processes and the power station’s market potential in Turkey and globally.
The new agreement will see phased collaboration over the next two years.
EUAS International ICC CEO Yahya Yılmaz Bayraktarlı said: “Our vision is to diversify electricity resources with nuclear power. We aim to develop a sustainable nuclear industry, which contributes to economic growth and social wealth of the country.
“Turkey already develops nuclear power plants of larger scale with its international partners. Competitiveness in price is an important indicator for us. The feasibility of small modular reactors is a research and development issue we continuously monitor.”
The nuclear-powered SMRs will be 1.5 acres in size within a ten-acre space, according to the company.
According to Rolls-Royce, the power station’s components will be produced in factories while assembling will be carried out inside a weatherproof canopy.
In January this year, Rolls-Royce announced that it will be leading a consortium to build and install SMRs on former nuclear sites to power the UK by 2029.
