Reacting to the launch of the Net Zero Strategy and the announcement of a new Future Nuclear Enabling Fund, Tom Greatrex Chief Executive of the Nuclear Industry Association, said:
“It is very welcome to see the Government commit new money to the development of nuclear projects and set out its intention to bring Sizewell C to a Final Investment Decision. We need to invest quickly to clean up the grid by 2035 and ensure our energy security, so we look forward to seeing details of this new fund, money for SMR deployment and legislation for Regulated Asset Base financing coming forward soon.”
ENDS
- Nuclear is the second most important source of clean power in the UK currently, after wind.
- The UK has seven generating nuclear power stations, of which Hunterston B, Hinkley Point B, Heysham I and Hartlepool nuclear power stations are all scheduled to retire by the end of March 2024, representing more than 4 GW of nominal generating capacity. Hunterston and Hinkley Point B will be in defuelling by mid-2022.
- Of the existing fleet, only the Pressurised Water Reactor at Sizewell B, with 1.2 GW of capacity, is scheduled to be operational after 2030.
About the Nuclear Industry Association
As the trade association for the civil nuclear industry in the UK, the Nuclear Industry Association represents more than 250 companies across the UK’s nuclear supply chain.
For further information, please contact:
Iolo James
Media & Communications Manager
[email protected]
+44 (0)7517 108 023
