NEO IS IN THE RIGHT PLACE AT THE RIGHT TIME2 Aug 2025 10:50
THIS IS AN ARTICLE FROM TODAY ON THE HL WEBSITE
Last week, French energy giants EDF committed to acquiring a 12.5% stake in the Suffolk-based Sizewell C nuclear plant, a move that safeguards thousands of UK jobs and enhances energy security. UK energy firm Centrica later announced a £1.3bn investment, in exchange for a 15% stake in the project.
This investment builds on the £14.2bn funding announced by the UK Government in June, aimed at ushering in a new ‘golden age’ of nuclear power in Britain.
Across the Atlantic, the US is committed to building up nuclear energy capacity too, with the Trump administration promising a ‘nuclear energy renaissance’. Even Germany, long seen as a sceptic of nuclear energy, has softened its stance, recognising nuclear on an equal footing with renewables.
All of the increased government focus puts nuclear energy back in the spotlight.
The case for nuclear energy
Nuclear energy boasts one of the lowest carbon emissions of any energy source, making it a powerful tool in the fight against climate change – especially as global energy demand continues to rise.
While high-profile accidents like Chernobyl and Fukushima have shaped public perception, data shows that nuclear has caused fewer deaths per unit of energy produced than fossil fuels, and even some renewables.
Crucially, nuclear energy provides a consistent supply. With current battery technology not yet capable of storing sufficient energy from intermittent sources like wind and solar, nuclear power fills a vital gap in maintaining a stable and clean energy supply.
One of the key concerns is safety.
While nuclear energy has a strong safety record, rare but serious accidents have fuelled public fear. Ongoing conflicts like the Ukraine-Russia war have heightened concerns about plants becoming military targets.
Health risks are also debated, with some studies suggesting increased cancer vulnerability among plant workers and nearby residents, especially children.
Nuclear plants can have implications for local ecosystems too. They use large amounts of cooling water, usually from nearby seas or lakes. Returned water can be significantly warmer, disrupting or damaging marine life.
Finally, building nuclear plants comes with high upfront costs and long construction timelines. Safe storage of radioactive waste, which can remain dangerous for millions of years, adds to the expense.
Our view
We believe nuclear energy has a role in the UK’s transition to a cleaner, more resilient energy system. A broader rollout of nuclear projects should drive cost reductions as well as improvements in reactor design, waste management, and safety protocols.
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