BusinessPostCorner.com
No Result
View All Result
Friday, July 17, 2026
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

Nuclear energy plan unveiled by UK and US, promising thousands of jobs

September 15, 2025
in Business
Reading Time: 5 mins read
A A
0
Nuclear energy plan unveiled by UK and US, promising thousands of jobs
ShareShareShareShareShare

Charlotte EdwardsBusiness reporter, BBC News

PA Media A shot of Sizewell B in Suffolk. An industrial facility with multiple buildings, including a large rectangular concrete structure and a prominent white dome-shaped building. The foreground features dry grass and scattered trees, with a clear blue sky overhead."PA Media

The UK and US are set to sign a landmark agreement aimed at accelerating the development of nuclear power.

The move aims to generate thousands of jobs and strengthen Britain’s energy security.

It is expected to be signed off during US President Donald Trump’s state visit this week, with both sides hoping it will unlock billions in private investment.

Prime Minister Sir Keir Starmer said the two nations were “building a golden age of nuclear” that would put them at the “forefront of global innovation”.

The government has said that generating more nuclear power can cut household energy bills, create jobs, boost energy security and tackle climate change.

The new agreement, known as the Atlantic Partnership for Advanced Nuclear Energy, aims to make it quicker for companies to build new nuclear power stations in both the UK and the US.

It will streamline regulatory approvals, cutting the average licensing period for nuclear projects from up to four years to just two.

‘Nuclear renaissance’

The deal is also aimed at increasing commercial partnerships between UK and US companies, with a number of deals set to be announced.

Key among the plans is a proposal from US nuclear group X-Energy and UK energy company Centrica to build up to 12 advanced modular nuclear reactors in Hartlepool, with the potential to power 1.5 million homes and create up to 2,500 jobs.

The broader programme could be worth up to £40bn, with £12bn focused in the north east of England.

“It’s great that we can co-operate with our friends in the US and help build up the expertise we’ve got in the UK and US to speed things up,” the chief executive of Centrica, Chris O’Shea, told the BBC’s Today programme.

He said he expected the nuclear power expansion to “bring very stable prices to UK consumers” in the long term.

“This will allow more people to have certainty around their energy costs and allow them to plan better.”

Other plans include multinational firms such as Last Energy and DP World working together on a micro modular reactor at the London Gateway port. This is backed by £80m in private investment.

Elsewhere, Holtec, EDF and Tritax are also planning to repurpose the former Cottam coal-fired plant in Nottinghamshire as a nuclear-powered data centre hub.

This project is estimated to be worth £11bn and could create thousands of high-skilled construction jobs, as well as permanent jobs in long-term operations.

Beyond power generation, the new partnership includes collaboration on fusion energy research and an end to UK and US reliance on Russian nuclear material by 2028.

Energy Secretary Ed Miliband said: “Nuclear will power our homes with clean, homegrown energy and the private sector is building it in Britain, delivering growth and well-paid, skilled jobs for working people.”

US Energy Secretary Chris Wright said the agreement would bring about a “nuclear renaissance”, adding that it would enhance energy security and meet growing global power demands, particularly from AI and data infrastructure.

Sir Keir has previously said he wants the UK to return to being “one of the world leaders on nuclear”.

In the 1990s, nuclear power generated about 25% of the UK’s electricity but that figure has fallen to around 15%, with no new power stations built since then and many of the country’s ageing reactors due to be decommissioned over the next decade.

In November 2024, the UK and 30 other countries signed a global pledge to triple their nuclear capacity by 2050.

Earlier this year, the government announced a deal with private investors to build the Sizewell C nuclear power station in Suffolk.

Its nuclear programme also includes the UK’s first small modular reactors (SMRs), which will be built by UK firm Rolls Royce.

Credit: Source link

ShareTweetSendPinShare
Previous Post

Australia’s financial regulator slaps a $160 million fine on ANZ, its largest ever on a single entity

Next Post

Taproot Enabled Bitcoin Spam by Ignoring Social Attack Vectors, Says Dev

Next Post
Taproot Enabled Bitcoin Spam by Ignoring Social Attack Vectors, Says Dev

Taproot Enabled Bitcoin Spam by Ignoring Social Attack Vectors, Says Dev

Companies receiving tariff refunds, at least for now

Companies receiving tariff refunds, at least for now

July 10, 2026
Edgefield AI accounting training now available to public

Edgefield AI accounting training now available to public

July 14, 2026
What transaction accountants should know before trusting an AI proof-of-cash

What transaction accountants should know before trusting an AI proof-of-cash

July 10, 2026
Scott Bessent says  coin with Trump’s face on it will ‘honor the enduring legacy of liberty’ with a ‘lasting symbol of patriotism’

Scott Bessent says $1 coin with Trump’s face on it will ‘honor the enduring legacy of liberty’ with a ‘lasting symbol of patriotism’

July 15, 2026
Standard Chartered’s 0K Bitcoin Prediction Explained

Standard Chartered’s $500K Bitcoin Prediction Explained

July 11, 2026
IBM’s stock plummets after Q2 underperformance

IBM’s stock plummets after Q2 underperformance

July 15, 2026
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

China hits out at British Steel nationalisation

China hits out at British Steel nationalisation

July 17, 2026
Tax Fraud Blotter: Win some, lose some

Tax Fraud Blotter: Win some, lose some

July 17, 2026

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!