Czech company CEZ signs deal with Rolls-Royce to build small nuclear reactors

FILE – An aerial view of Czech Temelin nuclear plant in Temelin, South Bohemia, Czech Republic, Wednesday, May 29, 2002. (Milan Knize/CTK via AP)

The Czech power company CEZ signed a deal on Tuesday with Britain’s Rolls-Royce SMR to form a strategic partnership to develop and deploy small modular nuclear reactors.

Under the agreement, CEZ will acquire a 20% share in Rolls-Royce SMR for which it will pay several billion Czech crowns (hundreds of millions of pounds).