Are we entering a ‘golden age’ of nuclear power?

The government is promising to ‘fire up nuclear power’. Why, and how?

Sizewell C nuclear power station in Suffolk at sunset
Though expensive to build, plants like Sizewell C in Suffolk will run for at least 60 years with relatively low fuel costs
(Image credit: Chris Ratcliffe / Bloomberg / Getty Images)

The government aims to quadruple nuclear capacity by 2050, taking it to 24 gigawatts (GW), about a quarter of projected UK annual electricity demand. This year, No. 10 has made a flurry of announcements to show that it is serious about meeting this pledge.

In June, it announced £14.2 billion in funding for the new Sizewell C nuclear plant on the Suffolk coast – in addition to the £3.6 billion committed by the Treasury in the past two years. A month later, investment was finalised, with the government as the largest shareholder. (Meanwhile, Hinkley Point C nuclear power station in Somerset is set to come into service around 2031.) Another £2.5 billion has been allocated to help the development of small modular reactors. Energy Secretary Ed Miliband claims that Britain is about to enter a “golden age” of nuclear power.

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