Great Britain announced last week that it will purchase land at two nuclear sites from Hitachi for £160 million ($203 million).

Chancellor Jeremy Hunt announced the deal for the sites—Wylfa in northern Wales and Oldbury-on-Severn in southwestern England—during the annual budget speech to Parliament. Under Hitachi’s ownership, the land was prepped for developing a pair of advanced boiling water reactor units, but those plans were suspended in 2019 due to economic constraints.

The U.K. government recently confirmed a further £170 million (about $216 million) investment of previously allocated funding for development work on the proposed Sizewell C nuclear power plant project in Suffolk, England.

Through its now one-year-old Nuclear Fuel Fund, the U.K. government has awarded Westinghouse three grants to upgrade and expand the Springfields Fuel Fabrication Facility to support Britain’s next-generation nuclear reactors, the American-based company announced yesterday.

Promising a “massive revival of nuclear power,” the U.K. government yesterday officially launched Great British Nuclear—an “arms-length” governmental body established to help ramp up the nation’s nuclear capacity to as much as 24 GW by 2050. Alongside, the U.K. announced a GBN-managed small modular reactor competition.

With the release last week of the policy paper Powering Up Britain, the U.K. government unveiled its plan to enhance the nation’s energy security and deliver on its ambitious net-zero commitments.

“This document explains how we will diversify, decarbonize, and domesticate energy production by investing in renewables and nuclear, to power Britain from Britain,” writes U.K. secretary of state for energy security and net zero Grant Shapps in the foreword. “It sets out the extraordinary opportunities opening up in technologies like carbon capture, usage, and storage; floating offshore wind manufacturing; and hydrogen, which will not only help us reach net zero but also consolidate Britain’s position as a global leader in green energy. And it details how we will use that leadership to influence energy decarbonization internationally.”

Hunt

In his spring 2023 budget speech to the House of Commons last Wednesday, U.K. chancellor of the exchequer Jeremy Hunt confirmed that, subject to consultation, nuclear power will be classified as environmentally sustainable in the U.K. green taxonomy, providing potential private investors in nuclear projects access to the same incentives currently enjoyed by investors in renewables. (Last year, the European Union added nuclear and natural gas to the list of green technologies covered by its taxonomy, but only on a transitional basis under what the European Commission termed “clear and strict conditions.”)

“We have increased the proportion of electricity generated from renewables from under 10 percent to nearly 40 percent,” Hunt declared. “But because the wind doesn’t always blow and the sun doesn’t always shine, we will need another critical source of cheap and reliable energy. And that is nuclear.”

The British government has announced an investment of £679 million (about $828 million) in the proposed Sizewell C nuclear plant in Suffolk, England, confirming chancellor of the exchequer Jeremy Hunt’s remarks on the project in his November 17 Autumn Statement.