The Rolls-Royce Holdings PLC (LON: RR) share price rose on news that the company was in talks with Ukrainian commercial energy operator DTEK to build small nuclear reactors in the country.
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The UK-based global aerospace and defence giant Rolls-Royce Holdings plc is reportedly negotiating with DTEK, Ukraine’s principal commercial energy provider, regarding establishing compact nuclear power facilities within Ukraine, per The Telegraph’s report.
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Media sources indicate that these discussions are centred around transforming up to eight former coal power station sites into small modular reactors (SMRs) venues by 2030. This initiative aims to leverage the advanced technology of SMRs to enhance Ukraine’s energy infrastructure.
Rolls-Royce SMR, a segment of Rolls-Royce Holdings, has verified the ongoing dialogues between the two entities but has maintained that more specific details of these discussions remain confidential due to commercial sensitivities.
DTEK is Ukraine’s most prominent commercial energy enterprise, with a diverse portfolio that includes generating electricity from various sources such as solar, wind, and thermal power plants.
Additionally, the company is actively involved in trading energy products and spearheading the development of a comprehensive network of supercharger stations designed to support electric vehicles.
DTEK is a subsidiary of SCM Holdings, owned by the esteemed businessman Rinat Akhmetov. This further highlights the strategic importance of this potential collaboration with Rolls-Royce in advancing Ukraine’s energy sector.
Rolls-Royce (RR) share price.
The Rolls Royce share price edged higher on news of talks for nuclear reactors in the Ukraine.
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