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Sizewell C Consortium signs MoU on investment potential

Sizewell C Consortium signs MoU on investment potential

The proposed Sizewell C nuclear power project could lead to an investment of GBP4.4 billion (USD6.0 billion) in the East of England, according to a Memorandum of Understanding announced today by the Sizewell C Consortium, which represents more than 200 UK-based companies and organisations.

Waste & Recycling 24 March 2021

New nuclear needs positive taxonomies, says Rothschild & Co executive

New nuclear needs positive taxonomies, says Rothschild & Co executive

Private investors need to see clear and consistent political support for nuclear energy as a way to tackle climate change if they are to play a role in raising the large amount of capital required for new-build projects, Stephen Vaughan, vice chair of Energy & Power at Rothschild & Co, said yesterday during World Nuclear Association's Strategic eForum on Sustainable Finance. Specifically, taxonomies must back investment in nuclear power, he said.

Energy & Environment 19 March 2021

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GE Steam Power unveils 'largest last-stage blade ever made'

Sizewell C Consortium signs MoU on investment potential

Rolls-Royce on track for 2030 delivery of UK SMR

Hinkley Point C delayed until at least 2026

UK nuclear industry launches 'hydrogen roadmap'

UK's Hinkley Point B approved for restart

New nuclear needs positive taxonomies, says Rothschild & Co executive

UK confirms status of nuclear as clean energy

Rolls-Royce, Fermi Energia to study SMR potential in Estonia

UK's Hinkley Point B approved for restart

UK's Hinkley Point B approved for restart

The UK's Office for Nuclear Regulation has today provided EDF with permission for Reactors 3 and 4 at the Hinkley Point B power station in Somerset, England, to return to service for a limited period of operation. This follows ONR's assessment of whether cracking observed in the graphite bricks that form the reactor core could compromise the key nuclear safety requirements.

Regulation & Safety 17 March 2021

GE Steam Power unveils 'largest last-stage blade ever made'

GE Steam Power unveils 'largest last-stage blade ever made'

GE Steam Power announced today that it has designed and manufactured the largest-ever (75-inch) last-stage blade for its Arabelle low-pressure rotor. The blade will enable the Hinkley Point C nuclear power plant under construction in Somerset, England to produce 3.2 GWe of CO2 free power, GE said. Once completed, this Arabelle steam turbine will be the most powerful nuclear steam turbine in operation. It was tested at GE's factory in Belfort, France.

New Nuclear 15 March 2021

UK urges Tehran to cease flouting nuclear deal

UK urges Tehran to cease flouting nuclear deal

While the UK remains committed to making the Iran nuclear deal a success, Tehran must stop all activity that breaches the terms of the Joint Comprehensive Plan of Action, and come back into compliance, British Prime Minister Boris Johnson told Iranian President Hassan Rouhani during their telephone call yesterday. Meanwhile, US Secretary of State Antony Blinken reportedly said the Biden Administration is unwilling to compromise further on efforts to encourage Tehran to hold talks with the USA.

Regulation & Safety 11 March 2021

Magnox Inquiry concludes NDA had 'optimism bias'

Magnox Inquiry concludes NDA had 'optimism bias'

The final report of an independent inquiry into the UK Nuclear Decommissioning Authority's award of the Magnox decommissioning contract, related litigation and its subsequent termination has been published. Led by Steve Holliday, a former CEO of National Grid, the process to hold the Magnox Inquiry began in March 2017. Holliday was asked to conduct an inquiry by Greg Clark, then secretary of state for Business, Energy and Industrial Strategy.

Corporate 05 March 2021

Rolls-Royce, Fermi Energia to study SMR potential in Estonia

Rolls-Royce, Fermi Energia to study SMR potential in Estonia

The UK's Rolls-Royce and Estonia's Fermi Energia have signed a Memorandum of Understanding to study the potential for the deployment of small modular reactors in the Baltic country. The study will cover all aspects of deployment, including grid suitability, cooling, emergency planning, human resources, licensing feasibility, economics and the supply chain.

New Nuclear 04 March 2021

Finance needn't be harder than physics, says NIA chairman

Finance needn't be harder than physics, says NIA chairman

The UK, as host of the next round of UN climate talks, must take the opportunity to show how nuclear energy is essential to decarbonisation, Tim Stone, chairman of the Nuclear Industry Association, said at a Westminster Energy Forum conference last week. "In fact, I would go as far as to say: No nuclear? No net zero."

Nuclear Policies 18 February 2021

UK nuclear industry launches 'hydrogen roadmap'

UK nuclear industry launches 'hydrogen roadmap'

Nuclear power could produce one-third of the UK’s clean hydrogen needs by 2050, according to the Hydrogen Roadmap agreed by the Nuclear Industry Council last week. The NIC, co-chaired by the minister for Business, Energy and Clean Growth and the chairman of the Nuclear Industry Association, sets strategic priorities for government-industry collaboration to promote nuclear power in the UK.

Energy & Environment 17 February 2021

Rolls-Royce on track for 2030 delivery of UK SMR

Rolls-Royce on track for 2030 delivery of UK SMR

Rolls-Royce has almost completed the feasibility stage in the development of its UK small modular reactor and in May will focus on securing investment, its chief technology officer, Paul Stein, said yesterday. The technology will undergo the Generic Design Assessment process with UK regulators in 2024 and will be ready for grid use five years later, he said.

New Nuclear 11 February 2021