nuclear-news

The fantasy of reviving nuclear energy.

Tripling the World’s Nuclear Energy Capacity Is a Fantasy: Stephanie Cooke.
World leaders are not unaware of the nuclear industry’s long history of
failing to deliver on its promises, or of its weakening vital signs. Yet
many continue to act as if a “nuclear renaissance” could be around the
corner even though nuclear energy’s share of global electricity generation
has fallen by almost half from its high of roughly 17 percent in 1996.

In search of that revival, representatives from more than 30 countries
gathered in Brussels in March at a nuclear summit hosted by the
International Atomic Energy Agency and the Belgian government.

Thirty-four nations, including the United States and China, agreed “to work to fully
unlock the potential of nuclear energy,” including extending the lifetime
of existing reactors, building new nuclear power plants and deploying
advanced reactors.

Yet even as they did so, there was an acknowledgment of
the difficulty of their undertaking. “Nuclear technology can play an
important role in the clean energy transition,” Ursula von der Leyen, the
president of the European Commission, told summit attendees.

But she added that “the reality today, in most markets, is a reality of a slow but
steady decline in market share” for nuclear power. The numbers underscore
that downturn. Solar and wind power together began outperforming nuclear
power globally in 2021, and that trend continues as nuclear staggers along.
Solar alone added more than 400 gigawatts of capacity worldwide last year,
two-thirds more than the previous year. That’s more than the roughly 375
gigawatts of combined capacity of the world’s 415 nuclear reactors, which
remained relatively unchanged last year.

At the same time, investment in
energy storage technology is rapidly accelerating. In 2023, BloombergNEF
reported that investors for the first time put more money into stationary
energy storage than they did into nuclear.

New York Times 18th April 2024

April 21, 2024 - Posted by Christina Macpherson | spinbuster