nuclear-news

Inside UK Labour’s plans for a new nuclear age

 Before the end of the year, Ed Miliband is expected to announce the next
phase of Britain’s nuclear power revival. The energy secretary has
inherited decisions on two major programmes that could help bring forward a
new nuclear age in the UK — Sizewell C in Suffolk and a fleet of mini
nuclear plants around Britain.

In its election manifesto, Labour lent its
support to nuclear as playing an important role in the shift towards clean [?]
power and improving energy security.

Sceptics of ambitions to build out
Britain’s nuclear industry point towards the delays and budgeting
difficulties that have beset Hinkley Point C as a bad omen for expanding
the UK industry.

The developers have called out the 7,000 design changes it
was forced to make to its reactors by the Office for Nuclear Regulation to
adapt the reactors to UK safety standards, increasing the amount of
concrete and steel needed and pushing up costs.

The project has also been
caught up in wrangling with the Environment Agency and it is still in
dispute over how to best deter fish from swimming near the site and getting
sucked up into its cooling systems.

There is believed to be a £5 billion
funding gap, but CGN’s liability for the project is capped at £6
billion, which leaves the French state on the hook. A fixed, albeit
inflation-linked, subsidy of £92.50 per megawatt-hour (in 2012 prices) was
agreed when Hinkley was signed off, so any increase in costs falls on
shareholders, rather than directly on bill payers.

A final investment decision on [Sizewell C] had been expected by the summer. The hope now is that the project might get the green light before the end of the year, but
there is speculation that it may slip into next year. The government is
expected to launch a new generation of mini nuclear power plants across the
country.

The selection process is being run by Great British Nuclear, an
arm’s-length body set up under the previous government to drive nuclear
deployment. Five ventures, including Rolls-Royce and GE-Hitachi, a joint
venture between GE Vernova, the American energy equipment manufacturer, and
Hitachi, the Japanese conglomerate, have submitted bids for £20 billion in
taxpayer funding.

The plan is to whittle down the list to three or four
designs by the end of this month, with the winning bids chosen before the
end of the year. It is hoped that the chosen technology providers will take
a final investment decision by 2029.

The first small modular reactor is not
expected to be generating electricity before 2035, not in time to
contribute towards Labour’s 2030 net zero goals. Miliband has said the
new government will “strive” to keep to the timetable previously set
out.

When the winning mini nuclear plant designs are chosen, they will be
assigned an operating site by Great British Nuclear. There are eight sites
currently approved for nuclear development in the UK, including Wylfa in
Anglesey, the Sellafield site in Cumbria and Heysham in Lancashire. A deal
in March with Hitachi brought two sites — Wylfa and Oldbury-on-Severn in
Gloucestershire — back under government ownership.

Moorside, which is adjacent to the Sellafield facility is also state-owned, which makes all
three likely potential sites for the first small modular reactors (SMRs).
Rolls-Royce, which is considered a frontrunner in the selection process,
has previously said it has identified four potential parcels of land,
including Oldbury and Moorside, as its preferred locations. However, it is
envisioned that for small modular reactors to fully realise the benefits of
scale, development on more new sites will be needed.

Looser planning rules
are expected to allow these reactors almost anywhere outside built-up
areas.

 Times 4th Sept 2024

https://www.thetimes.com/business-money/energy/article/inside-labours-plans-for-a-new-nuclear-age-jwtjwdwhl

September 5, 2024 - Posted by Christina Macpherson | politics, UK