UK Nuclear Industry Seeks More Government Clarity for Investment

UK Nuclear Industry Seeks More Government Clarity for Investment

From bnnbloomberg.ca

Britain needs more government support to achieve its nuclear-power ambitions, which could improve the country’s energy security and help achieve its climate goals, industry leaders told a Parliamentary committee Wednesday. The UK aims add 24 gigawatts of new nuclear capacity by 2050 — enough energy to power about 18 million homes, according to Bloomberg estimates. However, it has struggled to secure investments in major projects, which can take more than a decade to build and cost over £20 billion ($24.6 billion). “What we don’t currently have is the necessary clarity from government about how do we get from ... (full story)

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