ČEZ signs cooperation agreement with Rolls Royce on development of small modular reactors

Representatives of the energy company ČEZ on Tuesday signed a strategic cooperation agreement with Rolls-Royce SMR on the development of small modular reactors. According to the ctk news agency ČEZ is acquiring a 20 percent stake in the British company worth several billion crowns. The first modular reactor in the Czech Republic should be built in Temelín in the first half of the 1930s, according to ČEZ's current plans. In the future, they should complement conventional nuclear units and replace coal-fired sources in the domestic energy mix.