Daily Newsletter

16 January 2024

Daily Newsletter

16 January 2024

Construction confirmed for Sizewell C, despite local objections

Despite campaigns from locals, the UK Government has signed a development consent order, allowing early construction to begin.

Kit Million Ross January 15 2024

Despite local opposition, construction of the multi-billion-pound Sizewell C nuclear power station is set to commence following the government's development consent order, which grants permission for preliminary construction work to begin on the site. Construction of fences and accommodation for the construction crew is expected to begin shortly.   

Andrew Bowie MP, the Minister for Nuclear and Renewables, expects to encounter peaceful protests organised by local campaign groups during his visit to the Suffolk coast site on Monday 15 January, as opinions remain divided on the new reactor. 

Together Against Sizewell C (TASC), a group campaigning against the construction of Sizewell C’s two nuclear reactors, previously contested the project in the High Court, claiming insufficient consideration of environmental impacts. Failing to halt government approval for the project, TASC emphasised that the group’s concerns persist. 

Speaking to ITV News, TASC chair Jenny Kirtley said: "By enabling Sizewell C construction to start, the UK Government, as majority shareholder, is permitting permanent environmental damage to the heritage coast and biodiversity of east Suffolk, directly contradicting its own green agenda. 

"Driven by nuclear ideology rather than practicality, the government is showing blatant disregard for the protected landscape of the Suffolk Coast and Heaths Area of Outstanding Natural Beauty and its environment." 

The chancellor first granted approval for the project in November 2022, estimating the creation of 10,000 new jobs. The final investment decision for the project is set to be announced later this year. 

The UK Government has been investing heavily in nuclear energy throughout 2023, including the launch of Great British Nuclear as part of the Powering Up Britain policy. The government has also funded new technology to bring nuclear fusion to market, as well as hosting funding rounds for future small modular reactors.  

Battery Energy Storage market dynamics

Per GlobalData, the market for battery energy storage is estimated to grow to $14.89 billion in 2027, driven by several factors including, the fall in battery technology prices and the increasing need for grid stability and resilience of the integration of renewable power in the power market. Lithium-ion has eclipsed lead-acid as the primary technology for battery storage deployment.

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