The UK Department for Business, Energy & Industrial Strategy (BEIS) said on 14 June that the government had published documents which show significant progress towards implementing a new funding model which will give nuclear projects the financial support they need and attract private investment.

Hinkley Point B started operations in 1976 and, in 2012, the estimated end of its generation was extended to 2023, with a +/- 2 years proviso.

The energy price cap is likely to soar to a record £2,800 ($3,499) in October, Ofgem Chief Executive Officer Jonathan Brearley told a panel of lawmakers on Tuesday.

The ongoing European energy crisis and its impact on economies across the region has seen unprecedented diplomacy efforts to secure a more stable energy supply, and Qatar has repeatedly said it stands ready to help its partners.

Truck manufacturers and the freight industry would benefit from a future on-route charging and hydrogen re-fueling system on Britain's motorway (freeway) network.

In early April, the government published its Energy Security Strategy, setting out its ambitions for eight new reactors, plus small modular reactors, helping to produce 24 GWe of nuclear generating capacity by 2050, representing about 25% of the UK's projected electricity demand.

The key focus would be to produce high-temperature heat which could be used for hydrogen production, to supply industrial processes and potentially district heating as well as electricity generation.

To win the tender for Site VI the bidding parties have to include ecological measures in their concept, whereas Site VII requires investments and innovations which are beneficial for the Dutch Energy System.

The British government asked its nuclear regulator to start the approval process in March, having backed Rolls-Royce's $546 million funding round in November to develop the country's first SMR reactor.

Nuclear's share of energy in the UK is currently about 16%, however almost half of the country's current capacity is due to be retired by 2025 and all but one of its reactors will retire by 2030.