Sidley European Real Assets Update
2026 has so far been another year of contrasts. The first half of the year has been shaped by geopolitical and macroeconomic uncertainty, including escalating tensions in the Middle East and continued concerns over potential disruption to energy supplies through the Strait of Hormuz. Combined with persistent inflationary pressures, higher cost of debt, and the prospect of interest rates remaining higher for longer, this has led to a cautious M&A environment across Europe and the U.S. In the UK, we have also, of course, had a change of Prime Minister, the impact of which will become clearer in the coming weeks.
U.S. Nuclear Regulatory Commission Proposes New Licensing Framework for Advanced Reactors
Since the U.S. adoption of commercial nuclear power, large-scale commercial reactors — typically boiling or pressurized water designs — have been licensed under the provisions of 10 C.F.R. Part 50 (Part 50) and later 10 C.F.R. Part 52 (Part 52). Under these licensing approaches, license applicants submit construction and operating license permits in a multiyear process largely tailored to address the risks and controls necessary to operate bespoke, large-scale nuclear power plants at a specific site.
