Czech Giant CEZ Partners with Rolls-Royce to Develop Mini Nuclear Reactors

CEZ acquires a 20% stake in Rolls-Royce SMR to build small nuclear reactors in the Czech Republic, aiming for stable and low-carbon energy.

Share:

The Czech public energy group CEZ, a major player in the sector in the Czech Republic, has announced a significant stake acquisition in Rolls-Royce SMR, the small modular reactor (SMR) subsidiary of British group Rolls-Royce. This acquisition, representing a 20% stake, marks a strategic step for both companies in the development of advanced nuclear technologies, with the goal of building mini-reactors in the Czech Republic.

The first small modular reactor resulting from this partnership is expected to be operational by 2035 at the Temelin nuclear plant, located in southern Czech Republic. CEZ, which currently operates the Temelin and Dukovany plants, aims to contribute to the increase of national nuclear capacity while limiting its carbon footprint. CEZ’s two plants currently provide about 30% of the electricity consumed in the Czech Republic, a share the group plans to increase to 50% by 2050.

A Major Project for the Czech Energy Future

CEZ’s CEO, Daniel Benes, described this partnership as a “historic step in the Czech nuclear program.” The project includes building an additional 3,000 megawatts, an ambitious plan aligned with the Czech government’s objective to strengthen nuclear energy production while gradually reducing coal power plants. The investment in SMRs also offers greater flexibility due to the ease of transporting and installing these small modular units.

The precise costs of the project have yet to be finalized, but Tufan Erginbilgic, CEO of Rolls-Royce SMR, estimates an investment of several billion pounds. He emphasizes the importance of this collaboration in terms of engineering and finance to ensure stable, safe, and low-carbon energy. This synergy between the two groups is aligned with sustainable development goals, meeting growing needs for clean energy.

International Competition and the Choice of Rolls-Royce SMR

The choice of Rolls-Royce SMR as a strategic partner resulted from a rigorous selection process led by the Czech government, which reviewed proposals from seven major global nuclear sector players. Among them were key names such as the American Westinghouse, the Japanese-American group GE Hitachi, and the French EDF. This choice in favor of Rolls-Royce SMR demonstrates the Czech Republic’s desire to bet on a proven and modular technology, suited to its energy infrastructure needs.

Nuclear Capacity Expansion and Energy Transition

In addition to this partnership with Rolls-Royce, CEZ has also committed to strengthening its conventional nuclear capabilities. In July, the group selected South Korean company KHNP to construct two additional conventional nuclear units in Dukovany, for an investment close to nine billion dollars. These new installations should help increase the share of nuclear energy to 50% of the national energy mix, aligning with the goal of transitioning to less polluting energy sources.

The development of these nuclear projects comes within the context of an accelerated energy transition in Central Europe, where many countries seek to reduce their dependence on fossil fuels while ensuring energy security. For the Czech Republic, nuclear energy represents a viable option to address environmental challenges and emission reduction goals.

Bahrain has concluded a civil nuclear agreement with the United States and formalised a commitment of $17bn in public investments in the US market, further strengthening bilateral cooperation.
Kairos Power has installed the vessel for its third test prototype in Oak Ridge, aiming to validate manufacturing methods for its future Hermes reactor supported by the US Department of Energy.
London and Prague formalise a strategic partnership to develop the nuclear sector, focusing on small modular reactors and industrial cooperation on supply chains.
Experts have broadly approved France’s Cigéo deep nuclear waste repository project, highlighting technical uncertainties that demand stronger guarantees for long-term safety.
Uzbekistan advances its nuclear project by signing a protocol with Hungary for the supply and local assembly of dry cooling systems, expanding its industrial partnerships in the region.
Polskie Elektrownie Jądrowe is asking the European Commission to review its $49bn investment to build Poland’s first nuclear power plant, a step required under the Euratom Treaty before any construction permit can be issued.
The International Atomic Energy Agency mission completed on July 11 warns that the National Nuclear Safety Administration must hire staff to oversee a fleet of 59 reactors in operation and 32 more under construction.
Energoatom signed strategic agreements with Westinghouse and Holtec at the Ukraine Recovery Conference, aiming to establish nuclear fuel production and small modular reactor capabilities in the country.
Tehran agrees to reopen its nuclear facilities to the IAEA, aiming to resume negotiations with Washington, while Moscow pushes for a “zero enrichment” agreement without getting involved in supervision.
TerraPower has selected three new American suppliers for its advanced Natrium nuclear reactor, confirming progress on the project located in Kemmerer, Wyoming, intended to replace a retiring coal-fired power plant.
Energy Exploration Technologies acquires Daytona Lithium, an Australian subsidiary of Pantera Lithium, for AUD40mn ($27mn), bringing its strategic lithium basin footprint in Smackover, USA to nearly 50,000 acres.
The Canadian Nuclear Safety Commission has identified no major barriers to licensing the ARC-100 reactor, announces ARC Clean Technology.
SE Ignalina, the Lithuanian nuclear operator, has signed a memorandum of understanding with French firm Newcleo to explore the integration of small modular reactors (SMRs) using lead-cooled fast reactor (LFR) technology in Lithuania.
Egyptian President Abdel Fattah al-Sisi oversaw the signing of new agreements for the construction of the El Dabaa nuclear power plant, thus strengthening the strategic cooperation between Egypt and Russia.
Vistra Corp receives green light to extend Perry nuclear plant operations in Ohio by 20 years, securing regional electricity supply until 2046 and ensuring operational continuity for all its nuclear reactors in the United States.
EDF will hold a 12.5% stake in the Sizewell C nuclear project in the UK, a €1.3 billion investment announced during Emmanuel Macron’s official visit to London, confirming the strategic nuclear energy alignment between the two countries.
The French Cigéo project, designed to bury the most hazardous radioactive waste deep underground, obtains a crucial technical validation before its final authorization, expected by the end of 2027.
EDF confirms the continuation of its industrial project in Fessenheim for recycling very low-level radioactive metals, a first in France requiring specific regulatory authorizations, following a public debate concluded last February.
NANO Nuclear Energy Inc. formalizes its collaboration with UrAmerica Ltd. to strengthen Argentina’s uranium supply, aiming to secure future nuclear fuel supply chains for the U.S. market.
American companies SHINE Technologies and Standard Nuclear partner to recycle uranium and plutonium, supplying advanced fuel to the nuclear reactor sector and enhancing the national energy security of the United States.