nuclear-news

U.S. Firms Boost UK Nuclear Sector with Major Deals

Oil Price By City A.M – Sep 16, 2025

• The UK and US have agreed to reduce the licensing time for nuclear projects from four years to two and broaden US companies’ access to the UK energy market.
• Several US companies have struck significant deals with UK partners, including X-Energy to build advanced modular reactors in Hartlepool, Holtec to develop data centers powered by small modular reactors, and Last Energy for a micro modular nuclear plant at London Gateway.
• The initiative aims to kickstart a “golden age of nuclear” in the UK, providing clean, homegrown energy, creating skilled jobs, and addressing high energy bills, though critics question the effectiveness of potential VAT cuts on energy bills.

…………………………………………………………………………………. Energy bills woes

The announcement comes as the government battles to bring down energy bills, which have almost doubled costs for households over the past eight years. 

Alongside increasing the domestic supply of energy, Chancellor Rachel Reeves is reportedly weighing cutting VAT on energy to help lower consumer prices.

However, critics have questioned whether the move, which could cost the government nearly £2bn, would deliver tangible improvements to household budgets, warning that wealthy families with larger homes would disproportionately benefit from the tax break. https://oilprice.com/Alternative-Energy/Nuclear-Power/US-Firms-Boost-UK-Nuclear-Sector-with-Major-Deals.html

September 20, 2025 - Posted by Christina Macpherson | business and costs, UK