Finance
Siemens Energy to supply Rolls-Royce with equipment for small nuclear reactors
Published by Global Banking & Finance Review®
Posted on February 28, 2025
2 min readLast updated: January 25, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on February 28, 2025
2 min readLast updated: January 25, 2026
Siemens Energy partners with Rolls-Royce to supply steam turbines and generators for small modular reactors, enhancing nuclear energy's role in low-emission power.
FRANKFURT (Reuters) - Siemens Energy on Friday said it has entered a partnership that is expected to make the German group the exclusive supplier of conventional technology for future small modular nuclear reactors (SMR) to be built by Rolls-Royce SMR.
Under the agreement, to be finalised by end-2025, Siemens Energy would supply steam turbines, generators and "other auxiliary systems" for Rolls-Royce SMR's planned Generation 3+ modular nuclear power plants, it said.
So-called SMRs are being developed by global nuclear energy suppliers to produce power plant technology that is easily replicable, faster and cheaper to deploy than traditional large-scale plants.
"We are currently experiencing a global renaissance of nuclear energy," Siemens Energy board member Karim Amin said.
"Numerous countries are turning to nuclear technology to produce low-emission electricity, and small modular reactors will play a key role in this."
Rolls-Royce SMR -- which is majority owned by Rolls-Royce while Qatar, Constellation Energy and investor BNF Resources hold minority stakes -- is one of the companies shortlisted by Britain to develop SMRs.
Czech electricity producer CEZ in October said it would take a minority stake in Rolls-Royce SMR, whose reactors can achieve output of up to 470 megawatts, enough to power around 1.1 million households.
(Reporting by Christoph Steitz, editing by Rachel More)
Siemens Energy has entered a partnership to become the exclusive supplier of conventional technology for future small modular reactors developed by Rolls-Royce SMR.
SMRs are designed to produce power plant technology that is more easily replicable, faster, and cheaper to deploy than traditional large-scale nuclear plants.
Small modular reactors are expected to play a key role in producing low-emission electricity as numerous countries turn to nuclear technology.
Rolls-Royce SMR is majority owned by Rolls-Royce, with minority stakes held by Qatar, Constellation Energy, and investor BNF Resources.
The reactors developed by Rolls-Royce SMR can achieve an output of up to 470 megawatts, sufficient to power around 1.1 million households.
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