The Hinkley Point C power plant in Somerset has become a symbol of nuclear energy's challenges, with costs ballooning to £48 billion and delays spanning five years.
Rolls-Royce SMR claims to be 18 months ahead of three North American competitors in small modular reactor development, despite frustrations from UK government delays pushing new reactors beyond 2032.
Lovegrove expressed that each day of indecision from the UK government elevates the risk of falling behind in both domestic and international nuclear technology markets.
He remarked that the UK missed opportunities by not manufacturing turbines for wind energy over the last decade, paralleling current challenges in nuclear energy development.
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