nuclear-news

In Germany, the nuclear energy generation sector contributes 12% to the total electricity generation. The country has no plans to construct newer nuclear power plants in the coming years. Germany decommissioned 11 nuclear power plants in the past decade, including Philippsburg nuclear facility that retired in 2019.

The German government has laid down its plans to decommission the remaining 6 nuclear power plants by 2022; these plants are Gundremmingen nuclear plant (2021), Grohnde nuclear power plant (2021), Brokdorf nuclear power plant (2021), Neckarwestheim nuclear power plant (2022), Isar nuclear plant (2022), and Emsland nuclear power plant (2022). The decommissioning strategies laid down by the government have been creating business growth opportunities for decommissioning service providers.

With the growth in the demand for electricity generated via renewable sources, rise in thermal power plants, and aging of long-established nuclear power plants, the governments are undertaking significant steps to decommission several power plants that are nearing the end of operational life. This is boosting the demand for services offered by the nuclear decommission services market players. The average lifespan of a commercial power reactor is 35-40 years.

A large number of commercial reactors operating today are soon likely to reach the end of operational life, and the governments of respective countries have approved the plans for their decommissioning. The cost of dismantling and decommissioning a commercial nuclear power plant is high and requires huge workforce.

The Italian nuclear power generation and transmission sector contributes to only 8% of the country’s overall electricity generation and transmission. The country had 4 reactors in the past, but it has been decommissioning the reactors following the Chernobyl disaster in 1986. Italy relies heavily on import of electric power and is the world’s second-largest net importer of electricity. Sogin S.p.A., a government-owned nuclear decommissioning service provider, has been engaged in dismantling and decommissioning several nuclear power plants in the country. ……….https://finance.yahoo.com/news/europe-nuclear-decommissioning-market-forecast-124000767.html