The Nuclear Industry Council (NIC) Nuclear Sector Deal (NSD) 30% Cost Reduction Working Group has produced an overarching report demonstrating practical ways in which the industry will deliver upon the cost reduction targets outlined in the UK Nuclear Sector Deal.
In 2018 LucidCatalyst led the Energy Technologies Institute (ETI) Nuclear Cost Drivers Study (NCD).
It gathered substantial evidence suggesting that UK nuclear new build has very significant cost and risk reduction potential. The NCD has been widely referenced as demonstrating potential pathways for cost and risk reduction in UK nuclear construction. The 30% Cost Reduction Working Group therefore commissioned LucidCatalyst to apply the insights gained in the ETI NCD Study to produce this short report as an input to the NIC’s overarching report, published in September 2020.