The UK and the Czech Republic have announced a partnership to develop small modular nuclear power plants with the potential to export Rolls Royce SMR units.

The partnership aims to explore opportunities in small modular nuclear power plants (SMRs), with the UK committing £2.5 billion to the project. SMRs, which can be manufactured and transported more easily, are seen as a solution to energy security and climate targets. UK Prime Minister Keir Starmer emphasized the importance of this collaboration for British engineering and technology exports. Czech manufacturer ČEZ will take a stake in the Rolls Royce SMR business, planning to deploy 3 gigawatts of installed capacity in the Czech Republic.