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Hub AI
Horizon Nuclear Power AI simulator
(@Horizon Nuclear Power_simulator)
Hub AI
Horizon Nuclear Power AI simulator
(@Horizon Nuclear Power_simulator)
Horizon Nuclear Power
Horizon Nuclear Power is a British energy company that was expected to build new nuclear power stations in the United Kingdom. It was established in 2009, with its head office in Gloucester, and is now owned by Hitachi.
On 17 January 2019, Horizon suspended its UK nuclear development programme.
The company was established in 2009 as an E.ON UK and RWE Npower joint venture. The company announced its intention to install about 6,000 MWe of new nuclear capacity adjacent to the existing Wylfa and Oldbury nuclear power stations. Horizon initially evaluated building either Areva 1,650 MWe EPR reactors or Westinghouse 1,100 MWe AP1000 reactors between 2020 and 2024.
In March 2012, E.ON and RWE Npower placed Horizon up for sale as a going concern. One bidder was a joint venture of China Guangdong Nuclear Power Group and the China National Nuclear Corporation.
However, on 29 October 2012, it was announced that Hitachi would buy Horizon for £696 million, and the sale was completed on 26 November 2012.
Hitachi intended to build two to three 1,350 MWe Advanced Boiling Water Reactors (ABWR) on each site, but first required a Generic Design Assessment (GDA) for the ABWR by the Office for Nuclear Regulation. The assessment began in April 2013, with an agreement that the costs of the assessment would be covered by Hitachi-GE. In August 2014, the proposed reactor type reached the third stage, out of four, in the GDA process.
In 2013, Horizon planned initial site work at Wylfa to begin in 2015, with building work starting in 2018 and generation starting in the mid-2020s. However, later Horizon delayed the start of site work until after the GDA is completed.
In January 2016, Hitachi announced a new UK company, Hitachi Nuclear Energy Europe, to lead a proposed joint venture with Bechtel and JGC Corporation, to cover the engineering, procurement and construction of Horizon's nuclear plants in the UK. Horizon Nuclear Power would continue to work on obtaining regulatory consents and making commercial arrangements. However, later in the month Hiroaki Nakanishi, chairman and chief executive of Hitachi, expressed serious concerns to the Foreign Secretary Philip Hammond over financing the scheme, following EDF's difficulty in financing Hinkley Point C. Hitachi negotiated with the Department of Energy and Climate Change (DECC) on electricity price guarantees, called Contracts for Difference (CfD). The first project at Wylfa would be financed externally, with Hitachi only taking a minority stake.
Horizon Nuclear Power
Horizon Nuclear Power is a British energy company that was expected to build new nuclear power stations in the United Kingdom. It was established in 2009, with its head office in Gloucester, and is now owned by Hitachi.
On 17 January 2019, Horizon suspended its UK nuclear development programme.
The company was established in 2009 as an E.ON UK and RWE Npower joint venture. The company announced its intention to install about 6,000 MWe of new nuclear capacity adjacent to the existing Wylfa and Oldbury nuclear power stations. Horizon initially evaluated building either Areva 1,650 MWe EPR reactors or Westinghouse 1,100 MWe AP1000 reactors between 2020 and 2024.
In March 2012, E.ON and RWE Npower placed Horizon up for sale as a going concern. One bidder was a joint venture of China Guangdong Nuclear Power Group and the China National Nuclear Corporation.
However, on 29 October 2012, it was announced that Hitachi would buy Horizon for £696 million, and the sale was completed on 26 November 2012.
Hitachi intended to build two to three 1,350 MWe Advanced Boiling Water Reactors (ABWR) on each site, but first required a Generic Design Assessment (GDA) for the ABWR by the Office for Nuclear Regulation. The assessment began in April 2013, with an agreement that the costs of the assessment would be covered by Hitachi-GE. In August 2014, the proposed reactor type reached the third stage, out of four, in the GDA process.
In 2013, Horizon planned initial site work at Wylfa to begin in 2015, with building work starting in 2018 and generation starting in the mid-2020s. However, later Horizon delayed the start of site work until after the GDA is completed.
In January 2016, Hitachi announced a new UK company, Hitachi Nuclear Energy Europe, to lead a proposed joint venture with Bechtel and JGC Corporation, to cover the engineering, procurement and construction of Horizon's nuclear plants in the UK. Horizon Nuclear Power would continue to work on obtaining regulatory consents and making commercial arrangements. However, later in the month Hiroaki Nakanishi, chairman and chief executive of Hitachi, expressed serious concerns to the Foreign Secretary Philip Hammond over financing the scheme, following EDF's difficulty in financing Hinkley Point C. Hitachi negotiated with the Department of Energy and Climate Change (DECC) on electricity price guarantees, called Contracts for Difference (CfD). The first project at Wylfa would be financed externally, with Hitachi only taking a minority stake.