Rolls-Royce expects British regulator approval for a small modular nuclear reactor by mid-2024. Each reactor unit will have a capacity of 470 MW and cost £1.8 billion. They are expected to help reduce dependence on fossil fuels and reduce carbon dioxide emissions.

British government has asked the Office for Nuclear Regulation to begin the approval process for the 470-MW Rolls-Royce small nuclear reactors. The regulator said it will begin a General Design Assessment (GDA) as soon as the necessary organizational decisions have been made, including the allocation of resources to carry it out. For large reactors, a GDA ty...

Rolls-Royce Holdings' IFRS net profit for 2021 was £0.121 billion, compared with a loss of £3.169 billion in the previous year. Revenue fell 2.4% to £11.218 billion from £11.491 billion a year earlier.

Rolls-Royce has completed the sale of the Norwegian medium-speed gas and diesel engine plant Bergen Engines for €63 million to Langley Holdings. In 2020 the company's revenues amounted to about €200 million.