Summary
Rolls-Royce Holdings plc operates as an industrial technology company in the United Kingdom and internationally. The company operates in four segments: Civil Aerospace, Power Systems, Defence, and New Markets. The Civil Aerospace segment develops, manufactures, and sells aero engines for large commercial aircraft, regional jet, and business aviation markets, as well as provides aftermarket services. The Power Systems segment engages in the development, manufacture, marketing, and sale of integrated solutions for onsite power and propulsion for the marine, defense, power generation, and industrial markets. The Defence segment offers aero engines for military transport and patrol aircraft applications; and naval engines and submarine nuclear power plants, as well as aftermarket services. The New Markets segment develops, manufactures, and sells small modular reactor and new electrical power solutions. It also provides maintenance, repair, and overhaul services. Rolls-Royce Holdings plc was founded in 1884 and is headquartered in London, the United Kingdom.
Segments
Rolls-Royce Holdings plc operates as an industrial technology company in the United Kingdom and internationally. The company operates in four segments: Civil Aerospace, Power Systems, Defence, and New Markets.
Civil Aerospace
Defence
Power Systems
New Markets
Rolls-Royce Electrical
Small Modular Reactors (SMR)
Rolls-Royce SMR Ltd is a factory built nuclear power plant that offers clean, affordable energy for all.
With an unprecedented demand for clean energy as global markets seek solutions to support their journey to net zero. The demand is for energy that is always on and which generates virtually no emissions. Nuclear energy is the most powerful source of ‘always on’ clean energy, however, it must be deliverable, scalable and cost competitive for it to be widely embraced.
Rolls-Royce's nuclear experience is complemented by their unique aerospace know-how of manufacturing, supply chain management and logistics. Together, that heritage and experience is at the core of the SMR program.
Rolls-Royce expects SMR to receive government approval by 2024 and expected to be fully integrated into the grid by 2030.
The Rolls-Royce SMR has the following benefits:
- Low cost
A highly competitive source of ‘always on’ clean energy, meeting global challenges in an affordable and investable way. Rolls-Royce SMR is a low-cost clean energy solution, using proven and commercially available technology to deliver a fully integrated, factory built nuclear power plant.
- Deliverable
Rolls Royce SMR will use the breadth of the UK supply chain, which is able to contribute more than 80% of each SMR by value – focusing on standardised, commercially available and off-the-shelf components. Approximately 90% of manufacturing and assembly activities are carried out in factory conditions, helping to maintain an extremely high-quality product - reducing on-site disruption and supporting international roll out.
- Global and Scalable
The need for clean energy has created a global demand for SMR as countries look for ways to provide reliable ways to achieve net zero.
The factory-built model is entirely scalable. Rolls-Royce SMR will support international efforts to decarbonise energy systems, with a forecast to target £250bn of exports. Memorandums of Understanding are already in place with Estonia, Turkey and the Czech Republic. The Rolls-Royce SMR programme is forecast to create 40,000 regional UK jobs by 2050 and generate £52bn in economic benefit.
The compact footprint increases site flexibility and maximises potential plant locations, including replacement for existing coal or gas-fired plants. It will occupy approximately one tenth of the size of a conventional nuclear generation site, helping to reduce local environmental impacts.
- Investable
By design, SMR is focused on attracting all forms of private capital to support the build out of global SMR demand. With a proven factory built commoditised approach, our SMR will offer investors and lenders a degree of confidence that will enable future customers to access a range of capital options to finance their SMR purchase.
For nuclear energy to play a meaningful and more significant role in net zero ambitions, it must be financeable without the need for Government intervention in the long term. A Rolls-Royce SMR power station will have the capacity to generate 470MW of low carbon energy, equivalent to more than 150 onshore wind turbines. It will provide consistent baseload generation for at least 60 years, helping to support the roll-out of renewable generation.