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.
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.
It 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.