ABB – ABB and Rolls-Royce SMR sign agreement on nuclear small modular reactor collaboration
- Memorandum of Understanding (MoU) between ABB and Rolls-Royce SMR aims to support standardized, factory-built small modular reactors, each capable of generating 470 MW of low-carbon electricity
- As part of the MoU, ABB will explore how its automation and electrification solutions can enable the SMR projects to scale
- With current policy frameworks, the International Energy Agency forecasts total SMR capacity globally will reach 40 GW by 2050
ABB has signed a Memorandum of Understanding (MoU) with Rolls-Royce SMR, a nuclear power company developing small modular reactor (SMR) technology designed to reduce project risk, increase delivery certainty and provide low-carbon electricity quickly and affordably across global markets.
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