COP29: UK and US to accelerate nuclear research and development [Yahoo! Finance]
GE Aerospace (GE)
Last ge aerospace earnings: 4/30 04:02 pm
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Source: Yahoo! Finance
UK Energy Secretary Ed Miliband and US Deputy Secretary of Energy David Turk signed an agreement to pool billions of pounds worth of nuclear research and development. The collaboration involves leading academic institutions and nuclear innovators from both countries. The UK will lead a forum to facilitate information-sharing on advanced nuclear technologies, aiming for industrial use by 2030. Technologies such as advanced modular reactors offer low-carbon heat and power, aiding decarbonisation in sectors such as aviation fuel, hydrogen and steel production. These reactors are smaller, factory-made and more cost-effective. The initiative supports the COP28 commitment to triple global nuclear energy capacity by 2050, with 31 countries, including the UK and US, participating. The UK is advancing its nuclear reactor programme, Great British Nuclear's small modular reactor competition, and the Sizewell C project. The new nuclear developments will create thousands of skilled jobs
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GE
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