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Quite a statement to be read in The Times Of India: US 15 years behind China on nuclear power The US is currently trailing China by 15 years in the development of advanced nuclear power technology, according to a report by the Information Technology & Innovation Foundation. This significant gap is attributed to China's state-backed approach and extensive financing, which have enabled rapid deployment and innovation in nuclear power. While the U.S. has the highest number of nuclear power plants and views nuclear energy as crucial for combating climate change, it has not built new reactors recently. In contrast, China has 27 reactors under construction, benefiting from low-interest loans and faster construction timelines. Despite challenges such as overproduction and price competition, China continues to advance, exemplified by the world's first fourth-generation high-temperature gas-cooled reactor at Shidao Bay. To catch up, the U.S. needs a robust national strategy, increased R&D investment, and workforce development. https://lnkd.in/etGa6ikf #NuclearEnergy #InnovationGap #CleanEnergy #TechRace #EnergyPolicy #ChinaVsUS #SustainableFuture #NuclearTech #GreenEnergy #ClimateAction

The world’s second-largest economy is expected to leapfrog France and the US as the top source of atomic power. China is rapidly advancing its nuclear power capabilities, positioning itself as a global leader in atomic energy. With projects like the Linglong One—the world's first small modular reactor—China aims to diversify from coal and imported fuel. By 2030, it is expected to surpass France and the US as the top producer of nuclear energy. State support, low-cost financing, and a focus on replicable designs fuel this growth, making nuclear energy both affordable and scalable. Despite concerns around safety and geopolitical tensions, China’s nuclear model offers a roadmap for nations seeking reliable, clean energy. #FinEX #China #Cleanenergy

The United Kingdom takes a bold step towards self-sufficient nuclear energy as the government announced a substantial investment of around £300 million (equivalent to $380 million) into domestic nuclear fuel production. The focus will be on High-Assay Low-Enriched Uranium (HALEU), a vital component for small modular nuclear reactors (SMRs) whose commercial production is currently monopolized by Russia. This move signifies a significant boost to UK's energy autonomy and aims to lessen reliance on foreign countries for energy requirements. All eyes are now on the UK as it sets out to be the first nation in Europe to pioneer a high-tech HALEU nuclear fuel program. The Department of Energy Security and Net Zero anticipates that this initiative will not only fortify the supply for novel nuclear projects but will also strategically minimize Putin's influence over the global energy markets. HALEU enrichment levels range between a substantial 5% and 20% U-235. #EngineeringAdvancements #NuclearEnergy #EnergySecurity #UK #NuclearEnergy #HALEU #EngineeringInnovation

China to build the first-ever thorium molten salt nuclear power station ⬇️ Australian Broadcasting Corporation (ABC) is reporting that China is planning the world's first-ever nuclear power station using molten salt as the fuel carrier and coolant, and thorium instead of uranium as a fuel source. Thorium molten salt reactors (TSMR) are designed to be safer and can be smaller than existing reactor designs: "Australian Nuclear Association president Mark Ho said because molten salt reactors did not need to be pressurised, they could be smaller than water-cooled reactors." https://lnkd.in/eYT57CDF The Cove has a great short read providing a Nuclear Energy 101 from Jasmin Diab CSC GAICD that is worth your time as well ⬇️ https://lnkd.in/e-q_Ub95

Want to know the #data behind #nuclear performance? To better understand #nuclearpower and its potential for addressing global #cleanenergy and #climate needs, check out the IAEA’s power reactor information system (PRIS).

Nuclear is a reliable source of energy as the data shows. We need to use it more for net zero world. There, we all need to work together to make it feasible. #nuclear #nuclearpower #PRIS #NHSI #MakeNuclearSimpler

Interesting read here from Semafor on Italy reconsidering nuclear power some 35 years after shutting down the country's last nuclear reactor. Many factors will lead to countries around the world revisiting nuclear power, such as the raw energy demand that the AI revolution adds to the equation. Some server farms / data centers use as much energy in a year as a medium-sized city. Here in the U.S., data center energy usage is expected to DOUBLE by 2030. We gotta find more juice somewhere. From the article: "Italy’s energy minister told the Financial Times that the government would introduce legislation to support investment in small modular reactors, which could be operational within 10 years. He said that nuclear energy could make up at least 11% of the country’s electricity mix by 2050 as it works to reduce reliance on fossil fuels." "As the world moves to phase out fossil fuels, nuclear power is gaining ground: More than 20 countries plan to triple nuclear capacity by midcentury, and uranium prices are up 50% year-on-year. " Link: https://lnkd.in/ee8-mVQB #supplychain #tech #energy Supply Chain Now

Newly released annual data collected by the IAEA’s Power Reactor Information System (PRIS) paint a picture of a clean energy technology at a crossroads amid the emergence of a new global consensus to accelerate its deployment. In 2023, while new grid connections were made at nuclear power plants in 5 countries, these clean energy gains were offset by reactor shutdowns.  Despite this, electricity production from nuclear power rose by 2.6% compared to 2022, according to PRIS, the IAEA’s comprehensive and publicly available database on nuclear power.  Find the latest about nuclear power development and operating experience here: atoms.iaea.org/46Sjqhk

Facts and information about the nuclear power!

The world is going thru nuclear power renaissance! More and more countries realise that to build future sustainable world with clean and reliable energy wind and solar will not be enough. And old good nuclear power is the answer. United States remains the world leader in the total useful capacity of operating reactors - 97 GW. The United States also remains the world leader in nuclear energy production - 775 TWh in 2023. France is holds the second place with 61.4 GW, but undisputed world leader in the share of nuclear energy in electricity generation (65%). But how the future of nuclear power looks? China, India and Russia are driving the global expansion of nuclear energy. There are 61 nuclear power plants under construction worldwide, with another 90 or so in the planning stages. Also need to consider the price of uranium has increased by 233% over the last five years, more than three times faster than the growth rate of gold or copper. If you look at industrial raw materials, it turns out that uranium is the leader in terms of price dynamics and demand. Even rare earth metals are still far from the increased importance of uranium. #nuclear #nuclearpower #sustainability #cleanenergy