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Even Expensive Nuclear Power Is Cheaper than It Looks
- The UK government has authorized a £14.2 billion investment to construct the new Sizewell C nuclear power facility located in Suffolk, demonstrating a strong renewed focus on expanding nuclear energy.
- This decision follows significant delays and cost overruns in UK nuclear projects, including Hinkley Point C whose start date has been pushed back to 2031.
- Sizewell C, a 3.2-GW facility developed by EDF, is expected to provide electricity for six million homes and create 10,000 construction jobs at peak.
- Energy Secretary Ed Miliband emphasized that expanding nuclear power is essential to achieve a future of plentiful, low-carbon energy, which he believes is crucial for safeguarding household budgets, regaining control over the energy supply, and addressing climate change.
- The combined funding and planned development of advanced nuclear technologies indicate the UK's strategic focus on nuclear power as essential for reliable, clean energy and net-zero goals.
63 Articles
63 Articles
Britain to build new nuclear plant for $19 billion
LONDON - The British government said on Tuesday that it would spend as much as £14.2 billion ($19 billion) on constructing a nuclear power station, a project that is expected to create 10,000 jobs and help light up 6 million homes.
The British government of Keir Starmer is providing 14.2 billion pounds (about 16.8 billion euros) for the construction of the Sizewell C nuclear power plant on the east coast of England.
Britain to invest £14.2bn in Sizewell C nuclear project
Britain will invest £14.2bn to build the Sizewell C nuclear plant in southeast England, the government said on Tuesday, as part of its wider spending review which will define its priorities over the next four years.
The Net Zero backlash
Britain’s new generation of nuclear power plants will not come cheap (Hinkley Point will cost £46 billion) and they will not come soon (they take decades to build). Nevertheless, in Ed Miliband’s confirmation that the Sizewell C plant will go ahead, we can discern a belated governmental recognition that renewables alone will not provide reliable, 24/7 power. The same logic underpins the government’s more speculative effort, also announced on Wed
Government pledges £14bn for new Sizewell nuclear plant
The Government says it will get the UK off the “fossil fuel rollercoaster” with its new £14 billion plan to build a new nuclear power reactor. The new plant at Sizewell C in Suffolk is expected to power the equivalent of six million homes and provide 10,000 jobs – although it will take more than a decade before it’s up and running. Producer: Bethel Tesfaye Camera Operator/Editor: Luke Winsbury
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