One day Conference
Building a nuclear power industry is a crucial part of the Government’s long term strategy to guarantee secure, low carbon electricity. As such, £10bn of guarantees has been announced for the UK’s first nuclear power station in nearly 20 years.
Combined with EMR (Electricity Market Reform), this creates an environment where new build and technology can secure funding and flourish. But it’s now up to engineers to make it happen.
ICE Nuclear 2014: Developing the UK’s Industry will bring stakeholders from engineering, energy utilities, policy and the supply chain to examine the practicalities of building and operating the UK’s new nuclear power stations, and outline the way ahead.
There are very real engineering, operational and planning challenges that need addressing including:
- Navigating the design approval process
- A dearth of skills and experience in nuclear new build
- Safety and quality considerations
- Technical challenges such as reactor design, welding and concrete standards
In order to attract the estimated £110 billion investment needed to replace aging energy infrastructure and meet projected future demand, Government are in the process of passing EMR. These mechanisms will make low-carbon revenue streams more predictable, reducing risk to investors and marking it easier and cheaper to secure finance.
However, there are technical and cost barriers which need addressing. This event will address how these challenges affect the nuclear industry.
Institution of Civil Engineers
One Great George Street