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Jan 18, 2025 - Switzerland`s Urgent Battle To Replace A CRACKED Mega Dam

Jan 18, 2025 - The wonder material which could hold key to near-limitless energy

Jan 17, 2025 - The Path to a New Era for Nuclear Energy

Jan 14, 2025 - Inside the $1.6B Plan to Restart Three Mile Island

Jan 14, 2025 - European power prices jump amid decrease in wind energy generation

Jan 12, 2025 - China`s First Autonomous Offshore Wind Power Inspection Platform

Jan 12, 2025 - American breakthrough in battery cell design
Trending Now: Solar, Wind, Grid

Jan 17, 2025 - The Path to a New Era for Nuclear Energy



Nuclear power is set to reach a new record in 2025 and can improve energy security as electricity demand accelerates – but costs, project overruns and financing must be addressed. Renewed momentum behind nuclear energy has the potential to open a new era for the secure and clean power source as demand for electricity grows strongly around the world, according to a new IEA report.
The report, The Path to a New Era for Nuclear Energy, shows the fresh impetus behind nuclear in the form of new policies, projects, investments and technological advances, such as small modular reactors (SMRs). It provides a comprehensive assessment of the current situation, identifying the major challenges that need to be addressed to build on the current momentum and enable a new era to take hold. This includes insights on how to finance new nuclear projects while ensuring reliable and diversified supply chains for building and fuelling them. “It`s clear today that the strong comeback for nuclear energy that the IEA predicted several years ago is well underway, with nuclear set to generate a record level of electricity in 2025,” said IEA Executive Director Fatih Birol. “In addition to this, more than 70 gigawatts of new nuclear capacity is under construction globally, one of the highest levels in the last 30 years, and more than 40 countries around the world have plans to expand nuclear`s role in their energy systems. SMRs in particular offer exciting growth potential. However, governments and industry must still overcome some significant hurdles on the path to a new era for nuclear energy, starting with delivering new projects on time and on budget – but also in terms of financing and supply chains.”