Czech CEZ acquires 20% stake in Rolls-Royce SMR, plans to develop small modular reactors at Temelin by 2030s for energy transition by 2033.

Czech power company CEZ has partnered with Rolls-Royce SMR, acquiring a 20% stake for several billion crowns. They plan to develop small modular reactors, with the first to be built at the Temelin nuclear plant in the early 2030s, potentially adding 3 GW of power. This initiative supports the Czech Republic's energy security and aims to phase out coal by 2033, enhancing reliance on nuclear and renewable sources.

October 29, 2024
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