The Sizewell C nuclear project can represent a step forward for energy supply, reliability and keeping sustainability goals in sight.
That’s the suggestion from Bayes Business School research, which is pleased that the East Anglia nuclear power station is being given the green light.
The £20 billion project will provide a different energy source to the UK mix, expanding the market at a time of rising prices.
Professor Michael Tamvakis of Bayes said: “Nuclear power is reliable, safe and carbon neutral – ideal for supporting a system that requires large amounts of electricity most of the time, such as large industrial facilities and commercial buildings. .”
Nuclear has long been touted as a key answer in the race to net zero, offering a broader way to create clean energy.
Sizewell C was given the green light earlier this week, with the UK government saying the site can supply 7% of the country’s electricity needs; operate for the next six decades.
EDF, the main source of funding for the facility, said 3.2 GW of electricity could be produced by its reactors, enough to power six million homes.
A 20% stake in the plant will be taken by the government, which has so far invested £100m in its development.
Mr Tamvakis continues: “Nuclear is ideal for base load generation, providing an additional layer in the generation mix that can free up some of the gas currently used to be used either for heating, peak load generation or simply to reduce gas demand. When the plant starts generating, the electricity will be carbon-free and help achieve the goal of zero electricity. »
Regarding the inclusion of nuclear in the net zero journey, he adds: “Rapid progress towards net zero cannot be achieved without involving many more sources of production, depending on the resources of each country. Nuclear should be part of the mix, as should renewables, including wind, solar, hydro, geothermal, tidal and others.
Bayes sees the plant as a step in the right direction to reduce the UK’s dependence on natural gas – at a time when it is so expensive and has a negative impact on the environment.
Sizewell C has had its critics, with Stop Sizewell C against the project for its potential for major delays and its negative impact on local people and tourism.
Alison Downes of the band commented: “This is going to be the biggest construction site in Europe and it will scare away tourists and a lot of people who could make this a prosperous region.”
Due to the site’s national significance, the local planning authority East Suffolk Council does not have the right to make decisions about its development.