FINAL Sizewell C Progress Update January 2025

Page 1


Progress Update January 2025

Welcome to Sizewell C’s first progress update.

In this update we outline the progress made since the project received its Development Consent Order (DCO) one year ago.

Highlights include:

• Sizewell C is on time and on budget

• Development is demonstrating the game-changing benefits of replicating Hinkley Point C’s reactor design, with £1bn of cost savings identified so far through innovation and replication

• Contracts worth £2.5bn have already been agreed with 290 suppliers across the UK

• 1,000 people are now employed on site, with a 60% female executive team

• Apprenticeship recruitment has been 50% female since the programme began in 2021; and the workforce is currently over 40% female

• Sizewell C will eventually support over 70,000 jobs across the UK, and over 70% of the construction spend will go to UK companies.

• The project will create over £100bn of value for the UK over the lifetime of the project. Scan the QR code to watch our 2024 end of year progress film

We ended 2024

ON TIME ✓ ON BUDGET ✓

About Us

SIZEWELL C WILL BE UK-EPR UNITS 3 AND 4

BUILDING ON LESSONS FROM HINKLEY POINT C UNITS 1+2

Sizewell C will be a UK-first: a replica of an existing new nuclear power station, which is already in construction.

Buildings shown green on the picture will copy the UK approved design of HPC showcasing the benefits of replication.

Sizewell C has started

Sizewell provides continuity in nuclear skills and capability to bridge to further GW, SMR and AMR technologies

started

approval

design

August 2007 (UK EPR)

5.3 years ending Dec 2012

Based on UK EPR at HPC

Some vendors progressing

vendors completed

final designs

SIGNIFICANT PROGRESS IN COMPANY MATURITY

NEW BOARD APPOINTMENTS MADE

✓ Transitioned from EDF unit to standalone business

✓ Key operations outlined in Enterprise Strategy

✓ Centralised ‘Transformation’ framework launched

✓ Corporate Readiness workstream in progress

✓ Five working groups driving changes

✓ SZC Executive now 60% female SZC EXECUTIVE 60% FEMALE

“Sizewell C is likely the best prepared nuclear project in modern nuclear history. The Sizewell C project has high chances of avoiding pitfalls that led to a significant schedule and cost overruns on many nuclear projects, including those with EPR reactor models.”

due diligence report prepared for HSBC

GROWTH

WHY SIZEWELL C?

Why Sizewell C

READY

✓ Reliable, secure electricity to support the UK’s decarbonisation digital future, underpinning growth

✓ >70,000 jobs and 1500 apprentices, with up to 40,000 in this Parliament

✓ £11bn in tax receipts with £3-4bn in this Parliament

✓ Lowers bills vs the alternative

✓ £31bn GVA - £9bn for the East of England - £2.5bn invested in North of England

OPPORTUNITY

✓ Approved replica design – the first time a nuclear replica has been built in UK history

✓ Manufacturing and site work well underway with supply chain in place

✓ Consenting complete - representing a decade of work

✓ Very mature cost estimate

✓ An investable, major UK-owned infrastructure project

✓ Once in a generation opportunity to transform lives in the East of England

✓ Supports the future development of further UK new nuclear projects including SMRs

✓ A template for other UK large infrastructure projects, taking a progressive approach to delivery

✓ Sovereign and secure energy for the UK, not reliant on undersea cabling

✓ Delivered by experienced British team with nuclear construction and operation experience

Project Timeline

SIZEWELL C IS ON TRACK FOR A FINAL INVESTMENT DECISION IN 2025

10 years of project development including 75,000 page environmental impact assessment

Multiple rounds of consultation

Development of the detailed HPC design

ONR agreements

Community engagement

Development Consent Order (DCO) Submitted.

Final Investment Decision (FID). 2020

July 2022

DCO Approved.

September 2022

Start of Early Works.

January 2024

Post FID: 10-12 years Construction Phase November

DCO triggered unlocking community funding and commencing initial works

Operational Phase

60 years, with the opportunity to extend.

15-20 years

Government Investment Decision (GID).

Highlights

OUR 2024 HIGHLIGHTS

THE PROJECT HAS ACHIEVED MAJOR MILESTONES THIS YEAR

OUR 2025 PRIORITIES

WE HAVE A CLEAR UNDERSTANDING OF 2025 PRIORITIES

A FINAL INVESTMENT DECISION BY THE SUMMER IS ESSENTIAL FOR 2025

Delivering Growth

SUPPORTING THE GOVERNMENT’S PRIORITIES

SIZEWELL C IS ALREADY HELPING TO DELIVERING THE GOVERNMENT’S MISSIONS

✓ £31bn GVA - £9bn for the East of England

£2.5bn invested in North of England

CREATING A NEW BRITISH NUCLEAR COMPANY

£100bn GVA over the project lifetime

£2.5bn

CONTRACT VALUE SO FAR WITH UK SUPPLIERS

290

ACTIVE UK SUPPLIERS TO SIZEWELL C

SIZEWELL C HAS CREATED A NEW UK- HEADQUARTERED AND UKOWNED NUCLEAR COMPANY

New National HQ in London (March) Northern Hub in Manchester (May)

BUILDING A POWER STATION AND A SUPPLY CHAIN CONSORTIUM WITH UK COMPANIES

70% of content to be awarded to UK suppliers

CREATING A NEW UK NUCLEAR POWER STATION OPERATOR TO RUN SIZEWELL C

Beyond construction, creating a new operator for nuclear power stations –the first time this has been done since the CEGB

TRADE UNION AGREEMENTS IN PLACE

Trade union agreements in place

AGREEMENTS WITH GMB, PROSPECT AND UNITE SIGNED IN APRIL 2024

• Agreements to provide ‘best in class’ employment conditions for the thousands of construction workers

• Signed between Sizewell C, Tier 1 contractors, and GMB and Unite trades unions.

• Set out how Sizewell C will promote a strong safety culture while providing workers with the highest possible standards of health, safety and welfare services, including mental health services.

• The agreements are based on the successful Solidarity agreements which already underpin industrial relations at Sizewell’s sister project Hinkley Point C

WORKFORCE FORECAST

SZC Onsite Workforce Forecast

Sizewell C, now primarily owned by the UK Government, is reshoring operations and rebuilding the UK's nuclear skills. This effort benefits the entire nuclear programme.

Progress

MAIN SITE DEVELOPMENT IS WELL UNDERWAY

✓ DCO triggered in January 2024 enabling the commencement of construction activity on site and investment into the local community.

✓ Nuclear Site Licence granted recognising SZC as a nuclear licensee with GenCo responsible for discharging responsibilities

✓ Complex underground engineering work commenced to establish the foundations for the two EPR reactors.

✓ Logistics hub under construction in Ipswich

✓ 1000 people on site

OFF SITE ACTIVITY

ORWELL LOGISTICS PARK

SOUTHERN PARK AND RIDE

LARGE STEEL FORGED PARTS

WORK ON LONG LEAD TIME ITEMS IS WELL UNDERWAY WITH MAJOR EFFICIENCY GAINS

✓ 100% OF UNIT 1 FORGINGS ALREADY POURED

SZC HAS ACHIEVED IN 3 YEARS WHAT

TOOK 8 AT HPC

✓ 50% reduction in quality non-conformances for SZC.

✓ SZC benefits from continuation of work from HPC

✓ £35-40m saving on SZC’s overhead.

✓ £150m risk of quality issues without continuity.

✓ £185-190m total saving due to HPC continuation.

✓ 16% N4S saving compared to HPC.

✓ £500m saving from reduced engineering activities

✓ £1bn of cost savings identified so far through innovation and replication

INNOVATING IN DELIVERY

WE ARE BUILDING ON LEARNINGS FROM HPC AND TRYING NEW APPROACHES

60% OF SZC REBAR WILL BE PREFAB VS. 20% AT HPC

LAVA LABS TO SUPPORT RAPID PROBLEM SOLVING

HUB AND SPOKE ACCOMMODATION CAMPUS

GROUND FREEZING TRIALS

Using pre-fabricated steel rebar which can welded in factories saves time and reduces cost

Interactive labs with live link to SZC sites and offices, to problem-solve in real time

Innovative accommodation campus approach which reflects the local area and limits impact on local community

We are trialling creating a frozen barrier around areas of construction, to avoid the use of concrete boreholes and save approximately six months in schedule

HYDROGEN BUSES FOR CONSTRUCTION

UK-FIRST EXPLORING DIRECT AIR CAPTURE

Working with Wrightbus in Northern Ireland we will be using one of Britain’s biggest hydrogen bus fleets to transport workers to sites

We’re working with ABP in Lowestoft to explore Direct Air Capture, a first in the UK

Procurement

Procurement

CURRENT UNIT 1 PROCUREMENT STATUS

WORK ON LONG LEAD TIME ITEMS IS WELL UNDERWAY WITH MAJOR EFFICIENCY GAINS

Community

STRONG SUPPORT IN SUFFOLK FOR SIZEWELL C

Polling shows that most people in East Suffolk want Sizewell C to go ahead

When respondents were asked to what extent they supported or opposed plans to build a new nuclear power station at Sizewell C, 61% said they were in support.

Jobs and opportunities and energy independence were also key benefits

When asked what benefits, if any, Sizewell C would bring to the local community and to Britain, most respondents said jobs and training.

Nuclear is critical to achieving Net Zero emissions

The vast majority of respondents agreed that “achieving Net Zero emissions will require an energy mix primarily made up of nuclear and renewables such as wind power,"

Polling by ICM shows that the majority of people in East Suffolk want Sizewell C to go ahead whilst a large local majority say nuclear is needed as part of the energy mix (70%) and that it could help Britain become more self-sufficient (70%).

Most calls to SZC Community Relations team are enquiries about job opportunities, not complaints

1759 enquiries YTD – 41% of enquires are of a positive sentiment (with 41% neutral and 18% negative).

• 136 enquiries this month – 37% of enquires are of a positive sentiment (with 51% neutral and 12% negative).

• Complaints have focused on vegetation clearance at Lover’s Lane and Yoxford.

Positive enquiries focused on jobs, accommodation and general project information.

• All enquiries answered within an average of 2 working days.

RAISING ASPIRATIONS IN EAST SUFFOLK

POOR PUBLIC TRANSPORT LIMITED CHILDCARE BELOW AVG. WAGES

NEW COLLEGE ON THE COAST TO BE BUILT

YOUNG SIZEWELL C PROGRAMME ACTIVE

SIZEWELL C SCHOOL COUNCIL ESTABLISHED

EVIDENCE FROM HINKLEY POINT C

25% 10% GROWTH IN YOUNGER PEOPLE LIVING IN BRIDGWATER

• The Awards Panel met to determine the first grant applications in September

• 15 applications were assessed / scored and discussed by the panel

• £309,843 was awarded in Round 1

• Round 2 closed on 6th October with applicants contacted in January with decisions

• Round 3 will close 19th January with applicants contacted in April with decisions

• The team will be working with small organisations in the Leiston area over the next few months to ensure these are supported to apply for a grant.

COMMUNITY ENGAGEMENT

WE HAVE REGULARLY ENGAGED WITH THE COMMUNITY THROUGHOUT 2024

In 2024

✓14 community forums, reaching over 500 people

✓63 bespoke Town and Parish Council engagements (vs 34 in 2023)

✓10 community road improvements working groups

✓7 Sizewell Village residents' events

We started Sizewell Creative to grow our community’s unique and thriving arts, literature and music scenes, while inspiring the next generation.

Thank You

Progress Update

January 2025

Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.