The Chancellor said the signing of a contract to further develop the UK's first mini nuclear reactors was "more important than ever" amid the Middle East crisis.The Government-owned firm Great British Energy - Nuclear (GBE-N) announced the deal with a firm owned by engineering giant Rolls-Royce on Monday, allowing work to start immediately on creating three small modular reactors (SMRs).These are small nuclear power stations designed to be installed on site as prefabricated modules, with hopes t

The Chancellor said the signing of a contract to further develop the UK's first mini nuclear reactors was "more important than ever" amid the Middle East crisis.The Government-owned firm Great British Energy - Nuclear (GBE-N) announced the deal with a firm owned by engineering giant Rolls-Royce on Monday, allowing work to start immediately on creating three small modular reactors (SMRs).These are small nuclear power stations designed to be installed on site as prefabricated modules, with hopes the technology can be built faster than more traditional plants, such as Hinkley Point C.