Skip Header
Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Kier-led consortium appointed construction partner in STEP fusion energy project

(Sharecast News) - Infrastructure services, construction and property group Kier announced on Monday that it is part of a consortium appointed as the construction partner for the government-backed Spherical Tokamak for Energy Production (STEP) landmark fusion programme. The ILIOS consortium, led jointly by Kier and Nuvia with support from AECOM, AL_A and Turner & Townsend, has been appointed by UK Fusion Energy (formerly known as UK Industrial Fusion Solutions) to support the first three‑year, £200m tranche of the programme to build a prototype fusion energy plant at West Burton in Nottinghamshire.

The consortium will design and construct all buildings, infrastructure and facilities across the STEP site, which is the UK's flagship fusion energy initiative sponsored by the Department for Energy Security and Net Zero.

The project, which will support up to 8,000 onsite jobs at its peak, forms part of a wider programme with future opportunities of up to £10bn, Kier said.

The government announced on Monday that it was making a record investment in fusion energy of £2.5bn over five years, including £1.3bn to the STEP programme.

"STEP is exactly the type of long‑term, complex national infrastructure programme our teams are well‑placed to deliver, and it adds further high‑quality opportunity in a sector where we see clear growth as fusion moves towards commercial viability," said Kier's chief executive Stuart Togwell.

"We're proud to be appointed as construction partner as part of the ILIOS consortium and to support the UK's clean energy transition ambitions through this world‑first project."

Kier shares were up 0.5% at 215p by 1556 GMT.

See latest RNS on Investegate.

Share this article

Related Sharecast Articles

Air France-KLM submits bid for stake in Portugal's TAP
(Sharecast News) - Air France-KLM said it had submitted a non-binding offer to buy a minority stake in TAP Air Portugal as part of the Portuguese government's plan to privatise its national airline.
Sorted Group proposes to dispose of its main trading subsidiary
(Sharecast News) - Sorted Group announced a proposal to dispose of its main trading subsidiary Sorted Group Limited on Thursday, for a nominal £1, in a move that would see the company become an AIM cash shell and pursue a new acquisition-led strategy.
Speedy Hire warns on worsening market conditions despite strategic progress
(Sharecast News) - Tools and equipment hire company Speedy Hire said on Thursday that it had delivered "significant strategic progress" in FY26, highlighted by its "transformational" partnership with Proservice and continued momentum across its core operations, but also cautioned that trading conditions had deteriorated further in the final quarter amid budget uncertainty, geopolitical tensions and customer‑driven delays.
RBC Capital Markets upgrades Berkeley to 'outperform'
(Sharecast News) - Analysts at RBC Capital Markets upgraded housebuilder Berkeley from 'sector perform' to 'outperform' on Thursday, noting the group had "acted decisively" to the challenges it had faced.

Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

Award-winning online share dealing

Search, compare and select from thousands of shares.

Expert insights into investing your money

Our team of experts explore the world of share dealing.