BNF Capital director Sean Benson has revealed that the Perrodo family decided to invest into Rolls Royce’s small modular reactor technology plans as the energy transition will not be possible without the use of nuclear power. The billionaire French oil family, whose fortune was built on investments in gas and oil, is one-half of the pair of private backers of the aero-engine group’s plan for mini nuclear power plants.
This move is part of a series of investments based on a revival for nuclear power, with Benson noting that the family believes uranium will play a crucial role in meeting the carbon targets for net zero that have been set globally.
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