hitachi
Work on the £16 billion Horizon Project was suspended in January last year after Hitachi failed to reach an agreement to secure ‘reasonable returns’ as a private enterprise
The collaboration aims to accelerate the mass production of batteries to provide emission-free power for hundreds of battery trains across the UK
Five electric intercity trains to start the service from autumn 2021
The Japanese firm has announced it will shelve the £16 billion plant on Anglesey
Developer Hitachi has failed to reach an agreement with the UK Government regarding strike prices
The technology firm will initially acquire an 80.1% stake of the unit
Bechtel will oversee the project management of the proposed power station on the Isle of Anglesey
It is the first stage of a programme to test how technologies could help support the island’s energy system and reduce bills
Horizon said it is a “crucial enabler” for one of the key domestic environmental permits it requires for the Wylfa Newydd project
It has started formal negotiations with Horizon Nuclear Power, which is owned by Japanese firm Hitachi, for the proposed plant
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