The United Kingdom has announced a northern Wales site as its preferred location for a third mega-nuclear power station as the nation aims to support long-term energy security.

Following its plans to build nuclear facilities at Hinkley in Somerset and Sizewell in Suffolk, both in England, U.K. officials hope to revive the nuclear history of Wylfa, in Wales, and bring thousands of jobs and major investment to the area. The government is kickstarting talks with global energy firms in hopes of building a nuclear plant in Wylfa that could provide enough energy to power 6 million homes for 60 years.

The British government has announced an investment of £679 million (about $828 million) in the proposed Sizewell C nuclear plant in Suffolk, England, confirming chancellor of the exchequer Jeremy Hunt’s remarks on the project in his November 17 Autumn Statement.

The U.K. government has released a new energy strategy aimed at boosting Britain’s energy independence, stabilizing its soaring energy prices, and accelerating the deployment of new nuclear, wind, solar, and hydrogen to mitigate climate change.

At the same time, the 38-page document, British Energy Security Strategy, calls for near-term support for domestic oil and gas, stating, “Net zero is a smooth transition, not an immediate extinction, for oil and gas.” (The United Kingdom in 2019 became the first of the world’s major economies to embrace a legal obligation to achieve net-zero carbon emissions by 2050.)

Following through with this strategy, the government says, could result in low-carbon sources generating up to 95 percent of British electricity by 2030.