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UK energy lifeline: EDF and Rolls-Royce set to save the day with huge nuclear project
THE UK is poised for a major boost in nuclear energy with British company Rolls-Royce and France's EDF tipped to be the biggest winners, Express.co.uk was told.
By ANTONY ASHKENAZ
10:01, Sun, Apr 3, 2022
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Boris Johnson takes aim at Labour for lack of nuclear energy
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The Russian invasion of Ukraine over a month ago shined a light on Europe’s dependence on Moscow for its energy needs, and the vulnerabilities that arise from reliance. Even though the UK only gets about 6 percent of its energy from Russian sources, the country is looking to end all imports of Russian oil by the end of the year.
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Next week, Prime Minister Boris Johnson is expected to release his energy security strategy, which will detail how the UK will avoid global energy market fluctuations and address long-term failures to secure domestic production.
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In this strategy, Mr Johnson hinted at increasing support for nuclear energy, with a promise to bring nuclear energy to account for 25 percent of the country’s electricity.
Experts believe that two firms, Rolls-Royce from Britain, and French state-backed EDF are likely to secure major deals after the energy strategy is announced.
Speaking to Express.co.uk, Nicholas Drummond, a defence industry analyst said: “It's by no means guaranteed that EDF will get the deals, it is one of the number of companies considered.
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