GB Energy Handed £2.5bn Bill for Funding Small Modular Reactors

GB Energy budget raided to develop dangerous small nuclear reactors for England

Professor John Robertson OBA In the Guardian today: Rachel Reeves has effectively cut £2.5bn from the government’s national energy company by sharing the £8.3bn it was promised with a separate nuclear power body set up by the Conservatives. The Labour manifesto had pledged the full amount to Great British Energy to invest in clean power projects. However, the chancellor’s spending review said the company would share this funding with a separate …

GB Energy handed £2.5bn bill for funding small modular reactors

GB Energy handed £2.5bn bill for funding small modular reactors.Financing nuclear projects will leave state-owned company less cash forbacking wind and solar technology. Great British Energy, the government’sflagship state-owned energy company, has been handed the £2.5bn bill tosupport a new generation of small nuclear power plants, cutting the amountit has to spend on wind, solar and other technologies. Rolls-Royce’sefforts to develop Britain’s…

UK government reallocates £2.5 billion from GB Energy funding, scraps Rapid Charging Fund

The government’s comprehensive spending review has seen a 16% increase in departmental spending on the Department for Energy Security and Net Zero (DESNZ) but diverted £2.5 billion of Great British Energy funding to nuclear power.