Rolls-Royce is one of five companies still involved in a government-run competition to win government support to build small-modular reactors in the UK. Rolls-Royce is competing alongside GE-Hitachi, Holtec, Nu-Scale, and Westinghouse Electric.

Rolls-Royce (OTCPK:RYCEY) (OTCPK:RYCEF) is poised to obtain the first order from a European government to build a fleet of small nuclear reactors, after the company beat out six competitors to be named the preferred supplier by Czech Republic state utility CEZ,

The British engineering giant's stock rose 5% - taking gains since Tufan Erginbilgic (pictured) became chief exec at the start of 2023 to 462%.

By Albin Sybera CEZ, the Czech Republic's state-controlled energy group, has chosen the UK's Rolls Royce as its partner to develop small modular reactors (SMRs). The decision is a blow to rival bidders Westinghouse and GE Hitachi of the US.