EDF cyber security ‘shortfalls’ see energy giant placed under further monitoring July 10, 2022 FRENCH Power Giant EDF is being scrutinised by the UK’s Office for Nuclear Regulation (ONR) after it identified shortfalls in the firm’s cyber security defences. Following a number of routine inspections over the past year, the regulator said it had found “shortfalls in governance, risk and compliance and certain technical controls” at EDF and that [...]
Delayed: Sizewell C nuclear power plant decision pushed back amid Westminster turmoil July 7, 2022 The Government has delayed making a decision on whether to approve a new nuclear power station at Sizewell in Suffolk.
Nuclear conflict: why we must consider the risks June 21, 2022 | City Talk In the wake of Russia’s attack on Ukraine, the risks of nuclear conflict have become clearer both inside and outside the world of finance. Yet many market watchers have simply thrown up their hands under the mistaken assumption that when it comes to nuclear weapons, nothing they do will matter. Such a philosophy is inadequate on [...]
Government buys stake in Sizewell C and paves way for funding June 14, 2022 The government has made progress on its proposed funding scheme for nuclear power, with Sizewell C set for taxpayer backing.
Mr Kwarteng goes to Washington: Business Secretary heads Stateside to lure nuclear investors May 15, 2022 The Business Secretary will seek to lure US investment in new nuclear plants, as the UK aims to reduce its reliance on Chinese investment.
Building nuclear power plants will only drive up energy bills even further, Business Secretary Kwasi Kwarteng warns May 13, 2022 The Government’s ambitious nuclear power push may initially increase energy bills, the Business Secretary has warned. Kwasi Kwarteng said the plan to build new power plants as part of a new energy strategy may have a “small effect” on bills. But he told the BBC “nuclear is back on the table” because the Government considers [...]
‘Great uncertainty’ over nuclear plants’ delivery following opposition to Chinese investor May 9, 2022 The delivery of Essex-based nuclear plant Bradwell faces “great uncertainty” after political opposition has mounted against the involvement of a Chinese investor. EDF told shareholders that, without Chinese backing, it is no longer obliged to continue funding the project. The French energy giant also said, if China were exit the deal, EDF would also need [...]
Prime Minister: Planned Welsh nuclear plant is ‘going to happen’, amid claims of a U-turn on stalled project April 26, 2022 Boris Johnson has insisted a new Welsh nuclear plant is “going to happen” and there will be a “couple of reactors” at the site. The prime minister made his comments about the Anglesey-based proposed site of Wylfa after accusations of a U-turn from Labour. Britain had reportedly been in talks with two American companies over [...]
PM bets big on nuclear but energy industry complains it’s too little in face of price crisis April 8, 2022 The supply security strategy failed to power optimism yesterday, with the energy industry warning it offered little to ease price concerns.
Nuclear fusion: World-first reaction achieved by Oxford-based start-up April 5, 2022 The crown jewel of energy production, nuclear fusion using a projectile, may have been cracked in a major scientific breakthrough by a start-up in Oxford. First Light Fusion (FLF) was praised by business and energy secretary, Kwasi Kwarteng, after it announced it had achieved the reaction in its Kidlington laboratory. The experiment fused two atoms [...]