Energy Transition: Is Nuclear Power Ready to Fill the Energy Deficit?

The report examines the potential for a nuclear power renaissance driven by the energy crisis and decarbonization needs, concluding that while existing plants are vital, new large-scale projects face significant cost and timeline hurdles.

Key Takeaways

• 1.The current energy crisis has revived global interest in nuclear power as a low-carbon, secure energy source, reversing previous phase-out trends in some regions.
• 2.Nuclear power serves as a reliable baseload power that can counterbalance the intermittency of renewable energy sources, despite high greenfield construction costs.
• 3.Small Modular Reactors (SMRs) offer a potential growth field due to shorter lead times, though the technology remains in early development and is currently expensive.

Table of Contents

• Energy transition: is nuclear power ready to fill the energy deficit?
• The legacy economic value of nuclear power
• Is there a growth case for nuclear power in the developed world?
• Can SMRs improve the outlook for nuclear power?
• The role of nuclear power in rising global electrification

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