NuGen, a UK nuclear company, is a joint venture between Toshiba and GDF SUEZ. NuGen’s Moorside project aims to develop a new generation nuclear power station of up to 3.4 GW on land in West Cumbria, North West England.
NuGen recognises that major investment is required in the UK to respond to the dual challenges of securing future energy supplies and achieving reductions in CO2 emissions. NuGen believes that nuclear energy has a vital role to play in helping secure the UK’s future energy supplies, and in delivering clean, affordable, low-carbon electricity, as part of a balanced mix.
NuGen combines the strengths of its two parent companies – established financial robustness and proven operating experience – with world-leading AP1000® nuclear reactor technology provided by Westinghouse Electric Company, a group company of Toshiba.
NuGen’s approach to localisation will help develop strong industrial partnerships with local companies, leading to up to 60% of the project being supplied by UK companies.