U.K. Seeks $27 Billion a Year Boost for Power Industry
- Nuclear, gas with CCS and hydrogen boosted in government plan
- Details of how new nuclear can be financed expected later
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A chunk of the 20 billion pounds ($27 billion) a year that the U.K. plans to invest in the energy sector will need to go toward building stable forms of power generation that can keep the lights on when the wind drops.
Britain will need back-up for the 40 gigawatts of offshore wind it’s planning to construct by 2030. That will come from nuclear plants, power stations that burn hydrogen, or natural gas with carbon capture and storage, according to the National Infrastructure Plan published by the U.K. government Wednesday. Building more grid connections and ways of storing electricity will also be needed.