Tuesday 11 July 2023

Nuclear is crucial for net zero, says EDF Business Solutions Director

Nuclear has a key role to play in any future scenario.

Matt Nunn, told the audience at the Big Zero Show that over the last few years: “We've learned that in a volatile and uncertain world, it's pretty hard to have a clear, well-defined long-term plan because as soon as you make that plan, it's out of date.

“We can't even forecast what's going to happen in the market in the next 12 months, let alone the next 12 years. But where we do see opportunities, it's critical that we jump on those and take meaningful steps towards achieving our purpose.”

Regardless of what the future looks like, Matt is certain that nuclear will play a key part in it. He said: “We're seeing more and more countries, across Europe, revisiting their previous decisions and becoming pro nuclear again.”

And EDF is on its way to become a major stakeholder in the UK’s nuclear supply with its two nuclear stations – Hinkley Point C, which is 50% complete, and Sizewell C. Both these nuclear stations will, he said: “Provide the foundation of the UK energy system for decades to come.”

However, buying zero carbon or renewable energy alone isn't enough.

“We need to go further than that. We need to do more, and there are ways in which businesses can do that to support the economy, strengthen their businesses and achieve their net zero credentials.”

Matt believes that one way in which businesses can keep their costs low and support the UK in achieving net zero is by purchasing corporate power purchase agreements (PPAs). Adding that they can help a business secure a fixed price agreement with a renewable energy supplier for 10-15 years.

What does the future of EDF look like? Watch the full video to find out.