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Hitachi has suspended its work on the Wylfa Newydd nuclear power station project just two months after Toshiba pulled the plug on its Moorside nuclear scheme
Fundamental change is needed to secure the future of nuclear energy. The current international regime and the focus on safety is beginning to hamper potential even in growth regions like China and India, says Steve Kidd.
The next few years will determine the future of nuclear power. Opportunities for growth still exist, but as Steve Kidd explains action needs to be taken to prevent nuclear from becoming forgotten.
• Worldwide generation reached 2,506 TW/h in 2017
• Nuclear power now accounts for more than 10% of global electricity demand
• China continues to dominate new-build reactor market
Nuclear energy company Westinghouse Electric has completed its previously announced sale to Brookfield Business Partners and institutional partners along with its emergence from Chapter 11 as a reorganized company.
Technology firm Apple has launched a new investment fund in China that can connect suppliers with renewable energy sources.
Lloyds Bank has launched a £100m fund to help small businesses take advantage of supply chain opportunities in the construction of EDF Energy’s Hinkley Point C nuclear power station in Somerset.
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