UK nuclear industry says costs could be slashed by 30% by 2030. A cross-industry team working as part of the Nuclear Sector Deal has set out the key factors to reduce the risk and expenditure associated with new-build nuclear. The UK’s nuclear industry says the costs of building new power plants could be slashed by as much as 30% by 2030. A cross-industry team working as part of the government-backed Nuclear Sector Deal has set out the key factors it says are necessary to reduce risk and expenditure. The group has reaffirmed that new-build nuclear power is vital to achieving net zero by 2050, as well as creating thousands of high-quality jobs and economic opportunities across the country. It highlights the importance of “vigorous pre-construction planning”, stressing designs should be as mature as possible and emphasising that all key stakeholders must be aligned on the scope and scheduling of a project ahead of construction being started.
Energy Live News 2nd Sept 2020 read more »