UK nuclear power strategy takes shape [Reuters]
GE Aerospace (GE)
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Source: Reuters
a “natural endeavor” and announced public and private investment to reinforce the nuclear workforce and support 40,000 new jobs. In January, the government plan, ‘Civil Nuclear: Roadmap to 2050', committed to securing investment decisions for 3 to 7 GW of additional nuclear capacity every five years from 2030 to 2044, installing up to 24 GW of new nuclear by 2050. The UK plan will require a sharp ramp up in new build efforts, installing the equivalent of one large nuclear power reactor every year from the 2030s. The level of ambition has been met with some cynicism in the light of budget overruns and repeatedly missed schedules at the UK's only nuclear plant under construction. The two unit 3.2 GW EPR Hinkley Point C New Tab , opens new tab nuclear power plant in Somerset is still being built after winning governmental approval in 2016, prompting doubt that the roadmap target can be met. However, after just a couple of months, the wheels are in motion to significantly expand
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