Examining Russia and China in the global nuclear energy market

October 17, 2022, 6:55AMANS Nuclear Cafe

“Russia and China have overtaken the United States as the world’s premier nuclear-power exporters.” Or so states an article recently published by Defense One, an online news source that primarily reports about national defense and security matters. The article notes that Russian and Chinese reactor designs have accounted for 87 percent of new installed nuclear reactors worldwide during the past five years and that China is set to become the world’s leading nuclear power producer before 2030.

Where are strong nuclear export markets likely to emerge?

March 7, 2022, 3:00PMNuclear NewsGuest Contributor

Three factors will drive nuclear exports: energy security, decarbonization, and geopolitics. Recent power prices in Europe, coupled with the situation in Ukraine, demonstrate the interplay of all three factors. Nuclear exports have to be viewed in the context of the current geopolitical climate, particularly relative to Russian and Chinese competitive offerings. Finally, the critical importance of nuclear energy in meeting global decarbonization efforts can be a driving force for exports, further enhanced by the inclusion of nuclear energy in clean/green taxonomies and the accompanying support from the ESG (environmental, social, and governance) investor community.