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Archive for July, 2019

UK commits funding to Rolls-Royce SMR

Posted July 24th, 2019 In News

Rolls-Royce has today welcomed the UK government’s decision to advance its small modular reactor programme. The government says it will commit GBP18.0 million (USD22.4 million) of initial funds to support the development of the power plant as part of the Industrial Strategy Challenge Fund, subject to final confirmation in the early autumn. Rolls-Royce and its […]

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Sizewell C: Public asked to part fund nuclear power plant

Posted July 24th, 2019 In News

Energy consumers are being asked to share the cost of building new nuclear power plants, including any overrun costs. In a new document, the government outlined its new financing strategy for nuclear including Sizewell C, Suffolk. It said it has proved “challenging” to fund nuclear energy plants since the Hinckley Point build in Somerset. A […]

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Nuclear funding proposal ‘essential’ for restarting Wylfa

Posted July 24th, 2019 In News

New ways to fund nuclear projects could be an “essential step” to restarting the shelved Wylfa Newydd scheme, developer Horizon has said. Proposals announced by the UK government include electricity customers paying for part of nuclear schemes’ costs upfront through bills. The £15bn scheme on Anglesey was suspended in January because of rising costs. A Horizon spokesman said it […]

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