US EditionEven Expensive Nuclear Power Is Cheaper than It Looks
SUFFOLK, ENGLAND, JUN 10 – The UK government’s £14.2 billion investment aims to create 10,000 jobs and generate electricity for six million homes to advance energy security and meet net-zero goals.
- The UK government has committed £14.2 billion to develop Sizewell C, a new British-owned nuclear power facility in Suffolk, marking the first such project in more than three decades.
- This investment responds to the need for reliable, low-carbon power as Britain aims to decarbonise its electricity system and reduce reliance on costly fossil fuels.
- Sizewell C, a 3.2-GW EDF-led project expected to supply 7% of UK electricity and create 10,000 construction jobs, complements ongoing nuclear construction like Hinkley Point C.
- Energy Secretary Ed Miliband emphasized that expanding nuclear power is essential to achieve a future of plentiful clean energy, which he described as crucial for safeguarding household budgets, regaining control over energy supplies, and addressing the climate emergency.
- Despite delays, cost overruns, and criticism, the Sizewell C funding signals a major commitment to nuclear energy as central to the UK’s future energy and climate strategy.
63 Articles
63 Articles
Britain to build new nuclear plant for $19 billion
LONDON - The British government said on Tuesday that it would spend as much as £14.2 billion ($19 billion) on constructing a nuclear power station, a project that is expected to create 10,000 jobs and help light up 6 million homes.
The British government of Keir Starmer is providing 14.2 billion pounds (about 16.8 billion euros) for the construction of the Sizewell C nuclear power plant on the east coast of England.
Britain to invest £14.2bn in Sizewell C nuclear project
Britain will invest £14.2bn to build the Sizewell C nuclear plant in southeast England, the government said on Tuesday, as part of its wider spending review which will define its priorities over the next four years.
kreiszeitung.de
tz.deThe United Kingdom is relying on nuclear energy. The enormous cost of the new Sizewell C nuclear power plant must be borne by the government almost alone.
The Net Zero backlash
Britain’s new generation of nuclear power plants will not come cheap (Hinkley Point will cost £46 billion) and they will not come soon (they take decades to build). Nevertheless, in Ed Miliband’s confirmation that the Sizewell C plant will go ahead, we can discern a belated governmental recognition that renewables alone will not provide reliable, 24/7 power. The same logic underpins the government’s more speculative effort, also announced on Wed
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