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The challenges the nuclear industry faces are largely external and must be overcome if it is to help tackle the existential threat of climate change, panellists in the Nuclear Energy and its Future session of the Reuters Next conference on 11 January said. These challenges include: the notion nuclear is an out-dated technology; the cost of finance; market design; political changes; perceived competition with renewable energy; and the public's misconceptions about radioactive waste.
- Source: World Nuclear News
- Date: Friday, 15 January 2021
- Original article: world-nuclear-news.org/Articles/The-real-challenges-to-nuclear-are-external,-says
UK-based Horizon Nuclear Power announced that it will cease its activities to develop nuclear new-build projects at Wylfa Newydd on Anglesey and at Oldbury on Severn in South Gloucestershire. This followed the decision by Horizon’s parent company, Japan’s Hitachi Ltd, it would end business operations on the UK NPP construction project, which was suspended in January 2019.
- Source: NEI Magazine
- Date: Friday, 18 September 2020
- Original article: neimagazine.com/news/newshorizon-to-cease-activities-on-uk-nuclear-projects-8136080
France’s EDF and China General Nuclear Power Corporation are 80% and 20% shareholders in the project to build two Generation III ER units on the Suffolk coast in southeast England. The cost of the project has been estimated at £18bn, although this has not been confirmed by either EDF or CGN.
The consortium believes Sizewell C will provide a major economic boost for the UK and set the country on the road to a green recovery. It said work could begin this year, involving contracts worth up to £300m, adding that it intends to sign agreements with UK regions to guarantee jobs and investment.
Up to 70% of contracts for Sizewell C will go to British-based businesses.
- Source: Nucnet
- Date: Wednesday, 15 July 2020
- Original article: nucnet.org/news/new-consortium-calls-on-government-to-approve-sizewell-c-7-2-2020
The Covid-19 pandemic represents the biggest shock to the global energy system in more than seven decades, the International Energy Agency (IEA) has said.
- Source: NEI Magazine
- Date: Wednesday, 20 May 2020
- Original article: neimagazine.com/news/newsiea-looks-at-the-impact-of-covid-19-on-global-energy-7904408