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Over the last several years evidence has been mounting that a large expansion of nuclear energy capacity is indispensable for keeping global warning within 1.5°C limits. Multiple studies have confirmed that, contrary to the claims by “all-renewables” zealots, no single group of technologies can enable a timely and cost-efficient energy transition, and a diversified energy mix of low-carbon sources, including both intermittent renewables and nuclear, is needed to achieve net-zero by 2050. The most recent estimates suggest that the global nuclear energy installed capacity needs to increase 2.5-3 times from the current 370 GW to between 916 GWe and 1,160 GW by 2050.

Date: Thursday, 28 December 2023
Original article: neimagazine.com/news/newsglobal-smr-buildout-needs-a-new-marshall-plan-11398436

A recent statement from Fitch Ratings casts doubt on any new nuclear construction in the US in the immediate future. Similar concerns were voiced during discussions at a full committee hearing of the Senate Committee on Energy & Natural Resources to Examine Opportunities and Challenges Associated with Advanced Nuclear Reactor Commercialisation.

Date: Wednesday, 06 December 2023
Original article: neimagazine.com/news/newsgrowing-uncertainty-in-us-regarding-economics-of-new-nuclear-11347683

The Nuclear Energy Agency (NEA) has recently published a 73-page study, which tracks the progress of selected small modular reactor (SMR) designs towards deployment. NEA says the SMR designs are at various stages of development, from fundamental research on new concepts to commercial deployment and operation of mature designs.

Date: Wednesday, 22 March 2023
Original article: neimagazine.com/news/newssmr-development-tracked-by-nea-and-iaea-studies-10691068

Even oil-rich companies of Middle East are eying reactors, as more nations announce plans for SMRs Russian troops occupied the Zaporizhzhia nuclear station, which was damaged by shelling. File photo courtesy IAEA. 2022 was a year of mega milestones for nuclear energy.

Countries around the world turned to nuclear as a reliable low-carbon energy source as they looked for ways to wean themselves off Russian imports and lower carbon emissions.

New plants began operating, deals for small modular reactors were signed and countries announced ambitious plans for new-build.

On the political front, US president Joe Biden signed into law new legislation that will help to finance struggling nuclear reactors and could save dozens from being shut down early. In Europe, the nuclear industry celebrated when members of the European parliament decided to “follow the science” and support legislation which includes nuclear in the bloc’s sustainable finance taxonomy for green investment.

Date: Tuesday, 10 January 2023
Original article: nucnet.org/news/five-major-developments-that-are-setting-the-stage-for-2023-and-beyond-1-1-2023