Rolls Royce has confirmed that it is set to become involved in the construction of the next generation of nuclear power plants across the UK.

Following on from Gordon Brown's announcement that the government will not place a limit on the number of reactors it allows to be built as it looks to meet growing energy demand while cutting back on carbon emissions, the engineering firm looks set to become a leading supplier of components for the new sites.

According to the company's estimates, the global market for civil nuclear energy is likely to be worth £50 billion within the next 15 years from its current value of £30 billion, with this "global renaissance" offering significant opportunities.

Indeed, Rolls Royce believes that its new division, which will be based in Derby and make use of its experience of building and servicing Royal Navy nuclear submarines, will grow to be bigger than its marine business, currently boasting sales of £1.5 billion a year.

Sir John Rose, the company's chief executive, commented: "Rolls-Royce has been involved in the UK's nuclear industry for over 50 years. Our experience is directly applicable to all phases of new-build programmes that are planned in the UK and globally, and also to the upgrade of existing plants."

Rolls Royce also currently holds a contract with French energy group EDF to provide technical expertise and training.