Nuclear

Government summons industry players to offer reassurances

Government summons industry players to offer reassurances

Key industry players have been called in by the Government to discuss the government’s plans to secure the UK’s energy supply. The government wishes to reignite interest in small modular nuclear reactors (SMRs) a scheme which has floundered recently. The government announced the idea of two years ago but has […]

Westinghouse stops work on South Carolina nuclear plant

Westinghouse stops work on South Carolina nuclear plant

Westinghouse has suspended work on two nuclear reactors in South Carolina. The plant, known as the VC Summer plant, has experienced spiralling costs. This plant and Plant Vogtle in Georgia have caused severe financial problems for Westinghouse, which led the company to file for bankruptcy in March. Analysis has shown […]

US nuclear plant costs rise to $25 billion

US nuclear plant costs rise to $25 billion

The cost of the only nuclear plant under construction in the US has risen to $25 billion. Southern Co. released the new figures for the Vogtle Electric Generating Plant in Georgia amid the news that there would be an 18 month delay of the finish date to February 2021 at […]

Hinkley C Pre-Construction Works - May 2014

UK energy consumers face £50bn Hinkley bill

Updated government figures have revealed that UK energy consumers could end up paying £50 billion to support the new Hinkley Point C nuclear project in Somerset, more than eight times the £6 billion estimate made in 2013. The joint venture between French-owned EDF and Chinese-owned CGN has been mired in […]

Nuclear power continues to struggle

Nuclear power continues to struggle

The nuclear industry is growing increasingly concerned over the threat of its current “rapidly accelerating crisis” heralding the start of a terminal decline. Delays and cost overruns to nuclear projects around the world have seen several pro-nuclear lobby groups warning about a “crisis that threatens the death of nuclear energy […]

EDF: Hinkley Point C faces delays and is £2.2bn over budget

EDF: Hinkley Point C faces delays and is £2.2bn over budget

EDF, the French energy giant behind the Hinkley Point C nuclear power project, has admitted that the cost of the plant is set to spiral by an additional £2.2bn and is running a year behind schedule. Of the £2.2bn increase, EDF said that £1.5bn came from “a better understanding” of […]

BRIDGWATER, UNITED KINGDOM - SEPTEMBER 20:  Plant machinary involved in constructing the new Hinkley Point power station operate in front of the old Hinkley Point A buildings near Bridgwater on September 20, 2016 in Somerset, England. The decision last week by the Prime Minister Theresa May to finally give the go-ahead to the much delayed project to construct a new nuclear power station at Hinkley Point next to the existing one, has been generally warmly welcomed by many people in the nearby town of Bridgwater, who hope that the decade-long construction period will bring a host of economic benefits to the area.  (Photo by Matt Cardy/Getty Images)

Government says the UK needs “reliable and affordable” electricity

The new Parliamentary Under-Secretary for the Department for Business, Energy and Industrial Strategy (BEIS) has said the UK needs “reliable and affordable” electricity. Richard Harrington said that the UK needs a “diverse mix of energy assets” in order to deliver “reliable and affordable” electricity. Mr Harrington defended the development of […]

Hinkley Point to be delayed and over budget – Le Monde

Hinkley Point to be delayed and over budget – Le Monde

EDF, the French energy company responsible for building Hinkley Point, is set to face billions of euros in increased costs. An EDF internal review is expected to confirm that Hinkley Point will not be delivered on time or to is £18 billion budget. French newspaper Le Monde reported that the […]