(Ynys Môn) (Con):...By
embracing nuclear we can secure not only our future energy
security, but our future employment security, as the levelling-up
agenda and the net zero agenda coincide. When Hitachi withdrew
its development consent order for Wylfa Newydd at the beginning
of the year, citing programme financing as the main factor, my
constituency was devastated. Companies such as Bechtel
Westinghouse, Shearwater and Rolls-Royce are all keen to
establish new nuclear on Anglesey and are looking at other sites
in the UK...
The Minister of State, Department for Business, Energy and
Industrial Strategy ():...My hon. Friend welcomed
hydrogen power, and I know she is a great enthusiast for every
aspect of our energy strategy. There is definitely more for her
in the hydrogen strategy, which we launched in August. She
mentioned Hitachi at Wylfa. The great advantage of the Nuclear
Energy (Financing) Bill—a significant piece of legislation—is
that it will allow more optionality, flexibility and more types
of finance to come in, including British pension funds as well as
institutional investors. I am delighted, as she and I well know,
that Westinghouse Electric Company, Bechtel and
others are interested in this new financing model. She asked
about building multiple plants and whether we need more plants.
The answer is that the Bill will not be technology specific
within nuclear. It will allow for large plants. AMRs and SMRs can
all be financed using the means in the Bill...
To read the whole debate, CLICK HERE
