The UK nuclear industry

15 October 2019

Supported by Nia Supported by NIA

Central London

Organiser: Westminster Energy, Environment & Transport Forum
Tel: +44 (0)1344 864796

Prospects for new build developments, project financing and supporting innovative technology

Delegates will assess future finance models for nuclear new build, including discussion on the potential role of government direct investment alongside private sector investment.

It takes place in the context of the Government reviewing the viability of a Regulated Asset Base model for nuclear – which aims to incentivise private investment into public projects by providing a secure payback and return on investment for developers – and with the Secretary of State outlining that they intend to publish their assessment of this method by the summer at the latest.

The Government’s announcement of a legislative amendment that would set a target to reduce greenhouse emissions to net-zero by 2050, has renewed interest in nuclear as part of plans to develop low-carbon energy infrastructure.

The conference will be an opportunity to consider the wider delivery challenges facing any new nuclear build developments – including local engagement, planning and supply chain competitiveness.

Further sessions will examine the impact of the Nuclear Sector Deal – in supporting the sector to drive innovation, skills development and improvements in research – with the deal setting out plans to:

  • reduce the cost of decommissioning by 20% by 2030;
  • support the development of the workforce, supply chain through support for smaller companies and gender diversity; and
  • enable the deployment of small modular reactors (SMRs) and the innovative technologies that support them as part of plans to develop potential world-leading nuclear technologies.

The seminar also takes places against the back drop of negotiations to leave the European Union and will be informed by the impact of any possible agreement and ongoing no deal preparation.