Rolls-Royce signs an MoU with Turkey’s EUAS ICC
26 March 2020
Rolls-Royce and Turkey’s EUAS International ICC have signed a Memorandum of Understanding to carry out a study to evaluate both the technical, economical and legal applicability; and also the possibility of joint production of compact nuclear power stations (aka SMR) to underpin clean economic growth.
This announcement will help the provision of low carbon energy systems and marks an exciting new chapter in the strong relationship between the United Kingdom and the Republic of Turkey.
The agreement commits to a study that will look at the technical, licensing, commercial and investment cases for the deployment of the consortium’s power station; potential construction processes; and market potential in Turkey and globally.
The result is lower upfront costs, and a faster, predictable construction and commissioning periods.
This new agreement will see phased collaboration during the next two years.