Czech Power Company ČEZ Partners with Rolls-Royce SMR for Small Nuclear Reactor Development
The Czech power company ČEZ has entered into an agreement with Rolls-Royce SMR to initiate preparatory work for the construction of the first small modular nuclear reactor in the Czech Republic. This collaboration involves creating a project plan and obtaining the necessary licensing documentation to secure building permits for the reactor, which is planned to be located at the existing Temelín nuclear plant site. ČEZ aims to have all approvals in place by 2030. This project follows a similar initiative in the United Kingdom, where Rolls-Royce SMR is also involved in developing small nuclear reactors. ČEZ holds a 20% stake in Rolls-Royce SMR, and the partnership is expected to result in up to 3 gigawatts of energy sources being installed in the Czech Republic. The Czech government, which holds a significant stake in ČEZ, is working towards full control of the company.