Labor PM Keir Starmer's government formed Great British Energy to undertake early project work to reduce private
sector developer risk and boost technologies such as carbon capture and
storage, hydrogen and wave and tidal energy.
Project developer has spent $36 billion on the continuing London-Birmingham phase and $2.2 billion on canceled phases. Closing down canceled work will add another $130 million.
Global developers are advancing nuclear fusion technology and engineering to scale an energy source they say has zero emissions, no meltdown risk and more security, as data centers and AI push power demand.
Three design firms and five contractors will work on a proposed group of large projects to build grid connections for 50 GW of offshore wind energy in Britain set to operate by 2030.