International Atomic Energy Agency (IAEA)’s Post

China 🇨🇳 is dominating the global nuclear energy landscape, rapidly expanding its #NuclearPower capacity faster than any other nation this century. 🔹 China is responsible for half of all new nuclear projects worldwide. 🔹 Despite a moratorium on inland nuclear development post-Fukushima, China is on track to surpass France as the world’s second-largest nuclear fleet, trailing only the U.S. 🔹 The buildout could have been even larger if not for the suspension of 201 GW of inland nuclear capacity. While GEM’s data suggests this rapid buildout is likely to continue, China’s simultaneous investment in utility-scale solar and wind power may reduce the need for further nuclear additions. 🔗 Read the full briefing for more insights: https://lnkd.in/e3mDa_Dy

Kenya is taking a bold step towards a sustainable future by pursuing its first nuclear power plant. The country aims to operationalize the plant by 2035, with a designated site already identified along the Coastal belt. At COP28, the Nuclear Regulatory Authority highlighted Kenya's readiness to adopt nuclear technology responsibly. With robust regulation, capacity building, and collaboration with global partners like the International Atomic Energy Agency and the US Nuclear Energy Commission, Kenya is set to become a trailblazer in nuclear energy. #Kenya #NuclearPower #SustainableFuture

Last week at the Athens Energy Summit, I had the opportunity to participate in discussions on the vital role of clean energy technologies, including nuclear, in achieving climate and energy security goals for Greece, and beyond Balkan countries. Canada is a tier one nuclear energy country which has a strong Candu energy heritage , strong nuclear supply chain , key strategic provider of nuclear fuel and uranium , strong nuclear management waste today and in future planning , strong nuclear lab, innovation systems and nuclear university networks. Energy security is becoming increasingly important in today's complex geopolitical landscape. I was encouraged by the recent statement from the Prime Minister of Greece considering a stronger role for nuclear energy in Europe. I look forward to further opportunities to engage in this important dialogue. #AthensEnergySummit #CleanEnergy #NuclearPower #EnergySecurity #Geopolitics

In a move to bolster its energy security, Ukraine has begun construction on two new nuclear reactors at the Khmelnitsky power plant in the west of the country. The AP-1000 reactors will utilise advanced US-designed technology from Westinghouse Electric, marking a significant shift away from Ukraine's reliance on Russian nuclear infrastructure. The $5 billion project, partially financed by the US Export-Import Bank, aims to make Khmelnitsky the largest nuclear power plant in Europe. Once completed, the six-reactor facility will bolster Ukraine's energy independence and reduce its dependence on Russian nuclear technology. #NEI #nuclearpower #nuclearenergy #energysecurity

Very interesting interview by the head of the IAEA, Mr. Grossi. The IAEA has been doing an incredible job in managing a very difficult situation by working with Ukraine and Russia to ensure an understanding in this area of nuclear safety by both parties. However, the importance of nuclear technologies to meet the needs for energy security is increasing. More countries are considering more of new nuclear energy capabilities for economic security. Europe must accept 'global consensus for nuclear power' to help achieve real energy security that includes a clear role for nuclear technologies. Canada has a strong nuclear industry that can help meet those common goals domestically and in international markets. UN nuclear watchdog chief Rafael Grossi weighs up the benefits and dangers of nuclear power. Europe must provide fresh funding if it doesn't want to lose out in the global race for nuclear power, he told DW. https://lnkd.in/esnHjsJK?

More nuclear energy on the way.

Nucleareurope, together with AIN, CNA, Gifen, JAIF, NEI, NIA and WNA*, has issued a statement calling on the G7 governments to help maximise the use of existing nuclear power plants and set out clear plans for nuclear energy deployment. “Last year the Nuclear Alliance of the EU Member States set the ambitious target of having 150GW of installed nuclear capacity in the EU by 2050.  This was followed by the declaration at COP28 which called for a tripling of nuclear capacity globally” notes Yves Desbazeille, nucleareurope Director General. “Industry and governments now need to work together in order to translate these targets into reality, as highlighted in this statement.” https://lnkd.in/dY4TAyrE #NuclearEnergy

US example points to ineffectiveness of private nuclear power industry — Rosatom CEO Alexey Likhachev pointed to the approach that encourages the consolidation of private and public efforts, which requires government support for developing the nuclear power sector The private ownership of US nuclear power plants prevents the industry from meeting current challenges in nuclear power engineering, Alexey Likhachev, CEO of Russian state nuclear power corporation Rosatom, said in an interview with Expert magazine. "The world has an example of private ownership of nuclear plants: the United States. And it demonstrates that such an [exclusively private sector] approach is incapable of meeting the contemporary challenges and tasks facing the nuclear power sector," Likhachev said. In the nuclear energy executive’s view, what’s necessary is an approach that encourages the consolidation of private and public efforts, which is virtually impossible to achieve without government support for developing the nuclear power sector. This pertains primarily to process upgrades on a scale that private investments simply cannot ensure, he added. #business #finance #financialservices

Best invest in Building and talking about Fusion power, space, and maritime propulsion systems and industry as data centres are. You talk about Nuclear (meaning Fission) and fail to discuss fusion. https://lnkd.in/ge_aeX7M The nuclear fission industry is, ignorant of what's happening around you. Pull your uranium heads out, start adjusting your industry to fusion energy and start preparing to enter the commercially growing fusion energy industry. As it dawns on Earth like the sun. Great Headline Guardian on Nuclear fission. https://lnkd.in/g8sMZtpR Fission is moving towards obsolescence at an accelerated pace, as it is "out of step, out of time, out of place," and merely a temporary industry globally. https://lnkd.in/gbd_mZqk By 2028, Helion is expected to start producing electricity from its first fusion commercial power plant, which will provide electricity to Microsoft. The plant will produce at least 50 MWe after an initial ramp-up period. https://lnkd.in/gY9J3MQY Now see what is happening in the Fusion industry in the world. https://lnkd.in/g9hMBD7a As fission trebles, fuel shortage is increasingly real,

“Less #nuclearpower in the net-zero scenario entails a massive increase in investments in the coming decades.”   During a panel session on Investing in Nuclear at the recent World Nuclear Association World Nuclear Symposium, Keisuke Sadamori, Director of Energy Markets and Security at the International Energy Agency (IEA) placed nuclear energy at the centre of the #energytransition, arguing that less nuclear power would make #netzero “harder, more expensive and riskier”   As the nuclear renaissance continues, global investment will continue to grow well into the 2030s, and the IEA predicts that it will increase to over $100bn, three times the average in the 2010s.   Read more about how the role of nuclear energy in the transition to net zero is bringing in record investments and the develop of innovative funding models for new nuclear projects. Successful nuclear projects key for future investments : New Nuclear - World Nuclear News (world-nuclear-news.org)