The news comes as Britain pushes ahead with large-scale projects, including Hinkley Point C which will be the nation's first new nuclear plant for a generation.
Rolls-Royce said it had created a new Small Modular Reactor division after clinching a cash injection of £405 million .
Rolls-Royce, BNF Resources, and Exelon Generation will together invest £195 million over three years alongside a £210-million state grant, the group added in a statement. The development would"bring clean electricity to people's homes and cut our already-dwindling use of volatile fossil fuels even further", he said."Small modular reactors were supposed to get around the flaws of the larger models but they don't," said Greenpeace UK's chief scientist Doug Parr.
"Government support and funding should be aimed at developing the UK’s substantial renewable resources, such as offshore wind, tidal and solar, and boosting measures to help householders cut energy waste," it said.
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