To provide a secure energy supply for the future, we need to have a diverse and balanced energy mix. Nuclear power plays a vital role in the contribution of this mixed supply source.
Nuclear power is widely considered to be the safest and most efficient energy source for generating electricity. At present there are about fifty-five power reactors being constructed in 15 countries, notably China, India, Russia, and the United Arab Emirates. About ninety power reactors with a total gross of about 90,000 MWe are on order or planned and over three hundred more proposed. Most reactors currently planned are in Asia, with fast growing economics and rapid electricity demands.
Closer to home Nuclear has been pinned as the most affordable large scale, low-carbon energy source currently available in the UK. Work is well underway for the first new nuclear power station to be built in the UK in over twenty years, Hinkley Point C, which is expected to open in June 2027. Estimates show that it will be able to provide zero carbon electricity for around six million homes.
This not only gives hope for energy security through increased electricity generation but also has the potential to provide a vast range of available jobs. Hinkley Point C is predicted to over 5,600 constructions jobs at the peak, equating to 25,000 individual jobs over the construction period. Once built there is an estimate for 900 workforces during its sixty-year operation.
With no nuclear plants having been built for over 20 years, the industry will need to attract and reskill a new generation of engineering and construction professionals. Nuclear employers recognise that there are suitably qualified candidates coming from regulated industries such as oil and gas, defence, and other energy utilities and it is this cross-sector skills set that needs to be encouraged over the coming years to meet nuclear needs.
EIC along with NDA are delighted to be bringing you this one-day event to update delegates on the latest developments across the nuclear sector, bring together key new nuclear developers, the supply chain and keynote speakers from both inside and outside the nuclear sector to cover:
- Energy Security
- Financing Nuclear
- Policy and Regulations nationally and internationally
- The rising need for the supply chain
- Cross sector skills
The event will also provide 1:1 “meet the Buyer” session to allow potential suppliers to detail directly what you can add to these projects.
Join us on Thursday 9 February 2023 at the Hilton Doubletree Manchester Airport for what is guaranteed to be a truly engaging event.