Global Nuclear Energy Surges with 70 GW Under Construction: IEA
POWER & RENEWABLE ENERGY

Global Nuclear Energy Surges with 70 GW Under Construction: IEA

Nuclear energy is gaining global traction, with over 70 GW of capacity under construction—the highest in 30 years—according to the IEA’s latest report, The Path to a New Era for Nuclear Energy. Technological advancements, policies, and investments, including small modular reactors (SMRs), are fueling this growth.

The report further stated that more than 40 countries are expanding nuclear's role, but challenges like project delays, financing, and supply chain risks persist.

China leads the sector, with 25 reactors under construction since 2017, positioning itself to surpass the US and Europe in nuclear capacity by 2030. Meanwhile, Russia accounts for 40 percent of global uranium enrichment, reflecting the industry's market concentration risks.

SMRs offer faster construction and private sector interest, with potential capacity reaching 80 GW by 2040. Annual investments must double to US $ 120 billion by 2030 to meet demand. Stable policies, financing, and regulatory frameworks are key to attracting private capital, as nuclear energy becomes increasingly viable for data centers and AI operations.

The IEA underscores nuclear’s role in the energy transition, emphasizing low-carbon power's importance in a growing global electricity market.

[ET]

Nuclear energy is gaining global traction, with over 70 GW of capacity under construction—the highest in 30 years—according to the IEA’s latest report, The Path to a New Era for Nuclear Energy. Technological advancements, policies, and investments, including small modular reactors (SMRs), are fueling this growth.The report further stated that more than 40 countries are expanding nuclear's role, but challenges like project delays, financing, and supply chain risks persist.China leads the sector, with 25 reactors under construction since 2017, positioning itself to surpass the US and Europe in nuclear capacity by 2030. Meanwhile, Russia accounts for 40 percent of global uranium enrichment, reflecting the industry's market concentration risks.SMRs offer faster construction and private sector interest, with potential capacity reaching 80 GW by 2040. Annual investments must double to US $ 120 billion by 2030 to meet demand. Stable policies, financing, and regulatory frameworks are key to attracting private capital, as nuclear energy becomes increasingly viable for data centers and AI operations.The IEA underscores nuclear’s role in the energy transition, emphasizing low-carbon power's importance in a growing global electricity market.[ET]

Next Story
Infrastructure Urban

CRCL, IIT Delhi Sign MoU to Boost Science and Ease of Business

The Central Revenues Control Laboratory (CRCL), Central Board of Indirect Taxes and Customs (CBIC), Department of Revenue, Ministry of Finance, and the Indian Institute of Technology (IIT) Delhi signed a Memorandum of Understanding (MoU) toward trade facilitation and improving the ease of doing business. This MoU collaboration aims to foster R&D, innovation, and scientific excellence at CRCL, bolstering trade facilitation and regulatory efficiency.The MoU was signed by Prof. Rangan Banerjee, Director, IIT Delhi, and Shri V. Suresh, Director, CRCL, in presence of Shri Surjit Bhujabal, Speci..

Next Story
Infrastructure Urban

CAQM Sub-Committee Activates 27-Point Plan to Improve NCR Air Quality

The daily average AQI of Delhi has been hovering marginally above 200 threshold with forecast of slight improvement since last two days. Today, Delhi’s daily average Air Quality Index (AQI) clocked 213 (‘Poor’ category), as per the daily AQI Bulletin provided by the Central Pollution Control Board (CPCB), owing to variable winds. In wake of the average/ overall air quality of Delhi recording ‘Poor’ air quality category ranging between 201-300, the CAQM Sub-Committee on GRAP met today to take stock of the current air quality scenario of Delhi-NCR. While comprehensively reviewing the a..

Next Story
Infrastructure Urban

DoT Launches Financial Fraud Risk Indicator to Boost Cybersecurity

In a major step towards combating cyber fraud and financial crime, the Department of Telecommunications (DoT) has announced sharing of “Financial Fraud Risk Indicator (FRI)” with stakeholders- an output from a multi- dimensional analytical tool developed as part of the Digital Intelligence Platform (DIP) to empower financial institutions with advance actionable intelligence for cyber fraud prevention. This will enhance cyber protection and validation checks in case of mobile numbers flagged with this tool when digital payment is proposed to be made to such numbers.What is the “Financial ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?