Five Notable Developments In Nuclear This Week 17.04.2020

JACOBS WINS FUSION CONTRACTS

It has been announced that Jacobs, a Dallas headquartered energy consulting, engineering and construction services firm, has been awarded several contracts with an estimated combined value of $25 million. The contracts were awarded by Fusion for Energy (F4E), the ITER Organization and the United Kingdom Atomic Energy Authority (UKAEA) in order to support leading-edge research in fusion energy.

(Nuclear Industry Association, Jacobs delivering technological innovation for fusion, 15 April 2020, Link)

 

EDF WITHDRAWS FINANCIAL TARGETS DUE TO COVID-19

The economic disruption caused by the COVID-19 pandemic has prompted EDF to reassess its financial targets for 2020 and 2021. A statement by the French transmission system operator, RTE, stated that electricity demand in the country has dropped between 15 per cent and 20 per cent since the beginning of the lockdown. This drop in demand is impacting the EDF group’s businesses especially nuclear generation, new build projects and services.

(World Nuclear News, EDF pulls financial targets in response to pandemic, 15 April 2020, Link)

 

NNL SIGNS AGREEMENT WITH IAEA TO ENHANCE COOPERATION

On 9 April 2020, it was announced that the UK’s National Nuclear Laboratory (NNL) and the International Atomic Energy Agency (IAEA) had signed a ‘Practical Arrangement’ designed to enhance cooperation between the two organisations. The cooperation will be used to: increase the efficiency of nuclear power plants’ operation, improve stakeholder involvement, encourage innovation for nuclear power reactor designs, advance nuclear technologies, and improve decommissioning and radioactive waste management. Both organisations will work together to support nuclear energy in delivering a sustainable future.

(National Nuclear Laboratory, NNL Signs Important Collaboration Agreement with IAEA, 9 April 2020, Link)

 

HARTLEPOOL POWER STATION RESTARTS

Following a brief shutdown for planned maintenance, EDF Energy’s Hartlepool power station has resumed operation. The restart will ensure the UK is supplied with safe, secure, low-carbon electricity throughout the COVID-19 crisis. The power station is now generating enough power for approximately two million homes and EDF is working closely with National Grid to ensure that sufficient electricity is generated to power the country.

(EDF, Hartlepool power station is powering the nation after safely completing planned maintenance work, 16 April 2020, Link)

 

EDF SUPPORTS COMMUNITIES THROUGH COVID-19

As part of the national effort to fight COVID-19, EDF has partnered with Avicenna and Boots Pharmacy Delivery and Collection (PDC) to deliver medical supplies to those in need. EDF employees have volunteered to collect and deliver essential supplies for patients who are self-isolating. Philippe Commaret, Managing Director for Customers at EDF, stated:

‘These are challenging times, and we’re committed to doing all we can to support our customers and the wider public.’

(EDF, EDF launches Covid-19 volunteering for independent pharmacies through partnership with Avicenna, 16 April 2020, Link)

LATEST NEWS

Energy

Spring Budget: 4 key takeaways for the energy sector

Last week the Chancellor of the Exchequer, The Rt Hon Jeremy Hunt MP delivered what is expected to be his final Spring Budget. Whilst net zero was not a key theme of the speech, energy security and nuclear were given prominent focus and despite being conspicuously absent from his speech, the Budget announced the setting of a £1bn+ budget for this year’s renewable auctions.

Read More »
Health

Mark Bassett joins Brevia Health

Brevia Health has appointed Mark Bassett as an Associate. Mark brings over 35 years of experience in healthcare advisory and leadership roles, including as Group Director of Public Policy at Bupa Group. 

Read More »
General

What can we expect from the Spring Budget?

On Wednesday 6 March, Chancellor Jeremy Hunt is set to deliver the Spring Budget, outlining the Government’s stance on taxation, spending, borrowing, and debt. This fiscal event provides updates from the Office for Budget Responsibility (OBR), an independent body monitoring public finances.

Read More »
  • Get in touch to arrange your free monitoring trial.

  • This field is for validation purposes and should be left unchanged.