This seminar was an opportunity to examine the future of the UK nuclear energy industry and the prospects for new build developments.
Delegates assessed future finance models for nuclear new builds, including discussion on the potential role of government direct investment alongside private sector investment.
The discussion took place in the context of the Government consultation reviewing the viability of a Regulated Asset Base model for nuclear - which aims to incentivise private investment into public projects by providing a secure payback and return on investment for developers.
It followed the Department for Business, Energy and Industrial Strategy assessment concluding that the model has the potential to maximise value for money for consumers and taxpayers.
The conference was also an opportunity to consider the wider delivery challenges facing any new nuclear build developments - including local engagement, planning and supply chain competitiveness.
It also took place in the context of the Government’s legislative amendment that sets a target to reduce greenhouse emissions to net-zero by 2050, with discussion held on the renewed interest in nuclear for developing low-carbon energy infrastructure.
Further sessions examined the impact of the Nuclear Sector Deal in supporting the sector to drive innovation, skills development and improvements in research.
Areas for discussion included plans set out in the Deal to reduce the cost of decommissioning by 20% by 2030, supporting the development of the workforce and supply chain through support for smaller companies and gender diversity, and enabling the deployment of advanced nuclear technologies.
The seminar also took place against the backdrop of negotiations to leave the European Union, and the impact of any possible agreement on the sector.
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