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    The UK Selects Site For Nuclear Fusion Power Plant Prototype


    October 5, 2022 - Fitch Solutions Sector Intelligence

     

      • Infrastructure
      • United Kingdom
      • Company Brief
      • Fitch Solutions

      The UK Selects Site For Nuclear Fusion Power Plant Prototype

      • 5 Oct 2022
      THIS COMMENTARY IS PUBLISHED BY FITCH SOLUTIONS COUNTRY RISK & INDUSTRY RESEARCH and is NOT a comment on Fitch Ratings' Credit Ratings. Any comments or data are solely derived from Fitch Solutions Country Risk & Industry Research and independent sources. Fitch Ratings analysts do not share data or information with Fitch Solutions Country Risk & Industry Research.

      News: The Government of the UK has selected the West Burton power station site in Nottinghamshire, UK for the construction of a prototype fusion energy plant. The project, called Spherical Tokamak for Energy Production (STEP), is expected to require capital investment of more than GBP2.0bn (USD2.2bn) with operations expected to start by 2040. The UK Atomic Energy Authority will issue tenders in December 2022 for construction and engineering partner roles on the prototype fusion energy plant. Atkins and Assystem are the engineering delivery partner for Tranche One to develop the concept design for STEP. Tranche One is due to conclude in April 2024 (Construction Enquirer).

      This report from Fitch Solutions Country Risk & Industry Research is a product of Fitch Solutions Group Ltd, UK Company registration number 08789939 ('FSG'). FSG is an affiliate of Fitch Ratings Inc. ('Fitch Ratings'). FSG is solely responsible for the content of this report, without any input from Fitch Ratings.

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