Nuclear's share of energy in the UK is currently about 16%, however all but one of its existing reactors are due to retire by 2030.

Right now, 6.3 million UK households are in fuel poverty, according to National Energy Action. That’s up from 4.5 million, recorded in October 2021, when Europe’s energy crunch began, it said. Over the last three months, millions have been using appliances like ovens or going to bed early to stay warm, the study showed.

Next generation AI solutions are quickly making their way from the test labs into utilities. These new tools will make it simpler for mobile service teams and remote employees to complete their work, boosting productivity and improving energy company efficiency.

Among the areas for cooperation, the partnership will see the UK and Korea commit to strengthening cooperation on civil nuclear, including on large-scale, small-scale and advanced reactors, decommissioning and waste management, and supply chains.

Blockchain's ability to enable peer-to-peer (P2P) transactions and operate a decentralized marketplace can facilitate consumers to be the producers of energy.

The new partnership builds on a long history of collaborative efforts in fusion energy research and development, supported predominantly in the US through the DOE Office of Science’s Fusion Energy Sciences programme and in the UK through the UK Atomic Energy Authority (UKAEA).

The ceiling for bids from offshore wind companies in the next auction round is likely to be considerably more than this year’s £44 ($54) of guaranteed revenue per megawatt-hour of power produced, according to people familiar with the matter.

“Any sudden changes to LNG supply or demand in Asia or the Americas could easily have a domino effect into Britain and Europe.”

The conflict between Russia and Ukraine has caused immense war-related devastation, resulting in loss of life, displacement of communities and damage to infrastructure. The ongoing war is exacerbating the economic burden on Ukraine and has far-reaching implications for neighbouring countries and international stability.

The current government claims to be all-in for new nuclear. Its Energy Security Strategy, published last year, set a target of 24 gigawatts of nuclear energy generating capacity by 2050.