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Urenco response to Government’s ‘Green Day’
30 March 2023 Global NewsThe Government has today revealed further details about its plans for UK nuclear energy capacity on its so called Energy Security Day of announcements, March 30.
Great British Nuclear is to become an arms-length body responsible for “driving the delivery of new nuclear projects…backed with the funding it needs”.
GBN’s interim Chair has been announced as industry adviser Simon Bowen, while its interim CEO will be Gwen Parry-Jones, currently of Magnox.
It will commence a competition for the country’s first small modular reactors (SMRs) in April, with the ambition of selecting the best technologies by Autumn this year. The Government says it is to co-fund the winners through their development.
Meanwhile, the Government has confirmed that nuclear – as a key technology within the UK’s pathways to reach net zero – will be included within a UK Green Taxonomy, subject to a consultation expected in the Autumn. This would allow it to harness the same investment incentives as renewable energy.
After the Taxonomy is approved, companies will have to report voluntarily against it for two years before mandatory reporting is explored in more detail.
Emilie Isaacs, Head of Government Affairs for Urenco, said:
“The Government’s announcements as part of the ‘Powering Up Britain’ blueprint will transform the delivery and deployment of new nuclear in the UK and provides welcome clarity on GBN’s duties and project timeframes.
“It is very encouraging that we are seeing GBN take on an important role in helping to deliver new nuclear capacity through SMRs while improvements in the conditions for investment into nuclear projects are also given a helping hand.
“It is vital that these plans come to fruition as we progress on the journey to net zero and energy security in the UK.”
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About Urenco
Urenco is an international supplier of uranium enrichment services, fuel cycle products and related solutions with sustainability at the core of our business. Operating in a pivotal area of the nuclear fuel supply chain for over 50 years, Urenco understands the importance of energy security and facilitates the reliable delivery of low carbon electricity generation for consumers around the world.
With its head office in London, UK, Urenco’s global presence ensures diversity and security of supply for customers through enrichment facilities in Germany, the Netherlands, the UK and the USA. Through our technology and the expertise of our people, the Urenco Group provides safe, cost effective and reliable services, operating within a framework of high environmental, social and governance standards, complementing international safeguards.
Urenco is making a positive contribution to global climate change goals through our core business and we are committed to achieving net zero carbon emissions by 2040.
We are committed to continued investment in the responsible management of nuclear materials; innovation activities with clear sustainability benefits, such as nuclear medicine, industrial efficiency and research; and nurturing the next generation of scientists and engineers.
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