Net Zero Nuclear, an initiative that debuted earlier this month at the World Nuclear Symposium in London, has named GE Hitachi Nuclear Energy (GEH) its initial corporate sponsor. The announcement was made Wednesday at the Atlantic Council’s Nuclear Energy Policy Summit in New York.

According to the World Nuclear Association’s newly released Nuclear Fuel Report: Global Scenarios for Demand and Supply Availability 2023–2040, there will be more of an increased demand than previously anticipated for nuclear fuel services and nuclear power capacity over the next several years. The report notes that the increased need for nuclear energy is associated with government efforts to decarbonize energy supplies and achieve energy security as well as growing interest in deploying new large nuclear reactors and small modular reactors (SMRs). The report is available to order now.

In the newly released 2023 edition of The World Nuclear Supply Chain report, the World Nuclear Association recommends a number of actions to ensure that the international supply chain remains “suitably robust, competitive, and adaptive to meet the anticipated need for long-term operation and new nuclear build.”

The fifth edition of the report provides a market-oriented view that focuses on opportunities and challenges related to nuclear-grade structures, systems, components, and services. Evaluated are supply chain considerations ranging from large-scale reactors to small modular reactors to reactor refurbishment.

Bilbao y Léon

The World Nuclear Performance Report 2023 has been released by the World Nuclear Association (WNA), containing a mix of positive and negative news about the global nuclear power industry. On the positive side, according to the report, nuclear energy in 2022 supplied approximately 10 percent of the world’s electricity and roughly 25 percent of low-carbon clean electricity (second only to hydropower). On the negative side, the total amount of electricity supplied by nuclear energy declined by 4.2 percent in 2022 compared with the previous year, and the nuclear industry as a whole is “not growing fast enough to address the challenges of ensuring energy security, tackling climate change, and providing access to clean energy for all,” said WNA director-general Sama Bilbao y León in remarks at the launch of the report.

The current bull market for uranium seems to be heating up. “Fundamentals are strong, and new political incentives are in place to spur nuclear development,” according to an article on the Proactive Investors website, which also noted that the uranium supply “will need to increase significantly to meet the market’s needs if nuclear is to become a key source of energy in the global push to reduce carbon emissions.”

Andrew Paterson

Having worked at the U.S. Department of Energy for a decade (1997–2007) and across the energy sector on the Environmental Business International board for 30 years, I have witnessed firsthand the widely shared opinion that the “next big thing” in nuclear will be small modular reactors for urban centers and to provide both heat and power for a variety of energy-intensive sectors. To meet the decarbonization demands of these urban centers, the current energy landscape is pushing many countries away from a “renewables-only” strategy. For example, the German Energiewende (or “energy turnaround”) formally started around 2000 under then chancellor Gerhard Schroeder to phase out nuclear toward mostly renewables (with natural gas backup imported from Russia). As demonstrated by the 2022 gas supply shock and price spikes, Germany created its own nightmare: They now suffer the highest energy prices in Europe, have an unstable grid, and are forced to use more coal.

In a much-anticipated vote yesterday, EU lawmakers voted down a resolution objecting to the European Commission’s proposal to add nuclear energy and natural gas to the list of green technologies covered by the EU taxonomy—the classification system used by the European Union to steer private investment toward environmentally sustainable economic projects.

The vote, held during the European Parliament’s July 4–7 plenary session, was 328 opposed to the resolution, 278 in favor, and 33 abstaining. An absolute majority—353 members—was required for the resolution to be passed and the proposal vetoed.

A group of six organizations have issued a statement to world leaders currently gathered at the G7 summit in Germany that highlights nuclear energy’s strengths in addressing the current global challenges of environmental sustainability and energy security and urges additional support.

In its latest report on the climate, released yesterday, the United Nations’ Intergovernmental Panel on Climate Change (IPCC) declares the need for immediate and deep emissions reductions across all sectors for the world to stand a realistic chance of limiting the increase in global warming to 1.5°C (2.7°F).

Europe’s first EPR, Unit 3 at Finland’s Olkiluoto nuclear power plant, was connected to the nation’s grid on March 12, Teollisuuden Voima Oyj (TVO), the facility’s owner and operator, has announced.

Olkiluoto-3 is also the first new Finnish reactor in four decades, and one of only three new reactors in Europe in the past 15 years. (Romania’s Cernavoda-2 began supplying electricity to the grid in August 2007, and Belarus’s Belarusian-1 in November 2020.)

The European Commission gave two cheers for nuclear energy yesterday with its adoption of the Complementary Climate Delegated Act (CDA), which adds—under what the EC refers to as “clear and strict conditions”—nuclear and natural gas to the list of green technologies covered by the EU taxonomy. (The taxonomy is the classification system used by the European Union to guide private investment toward environmentally sustainable economic projects.)

Hunterston B worker in the Charge Hall, November 2021. (Photo: EDF Energy)

The Hunterston B nuclear power plant has ended its nearly 46 years of zero-carbon electricity generation for Scotland with the shutdown of Unit B2. The 495-MWe advanced gas-cooled reactor (AGR), which began commercial operation in March 1977, was taken off line on January 7. The station’s companion unit, the 490-MWe AGR B1, was shut down last November.

Under an agreement with the U.K. government signed on June 23, 2021, EDF Energy, owner and operator of Britain’s power reactor fleet, is responsible for defueling all seven of the U.K.’s AGR nuclear stations over this decade. (The agreement does not include Sizewell B, which houses a 1,098-MWe pressurized water reactor slated to continue operating until at least 2035, or Hinkley Point C, which is currently under construction.) EDF expects the defueling of the AGR facilities to take from three-and-a-half to five years.

Scheduled to follow Hunterston B into the defueling phase by July of this year is the two-unit Hinkley Point B plant in Somerset, England.

A highly anticipated report released yesterday by the International Energy Agency on how to transition the world to a net-zero energy system by 2050 calls for “nothing less than a complete transformation of how we produce, transport, and consume energy.” At the same time, the report, Net Zero by 2050: A Roadmap for the Global Energy Sector, characterizes its preferred road to net zero as the one “most technically feasible, cost-effective, and socially acceptable.”

That road, while relying primarily on renewable energy, keeps a lane open for nuclear, which, the report says, will make a “significant contribution” and “provide an essential foundation for transitions.”

Achieving global carbon neutrality by 2050—a pledge made by well over 100 countries so far, including Canada, the European Union, Japan, the United Kingdom, and the United States—will require investment in new nuclear capacity and the retention of existing nuclear generation, states an open letter released last Friday by the leaders of six prominent nuclear industry organizations.

The letter was signed by John Gorman, president and chief executive officer of the Canadian Nuclear Association; Yves Desbazeille, director general of FORATOM; Shiro Arai, president of the Japan Atomic Industrial Forum; Maria Korsnick, president and CEO of the Nuclear Energy Institute; John Greatrex, chief executive of the United Kingdom’s Nuclear Industry Association; and Sama Bilbao y León, director general of the World Nuclear Association.

Unit 1 at the United Arab Emirates’ Barakah nuclear power plant has entered commercial operation and is now providing “constant, reliable, and sustainable electricity around the clock,” the Emirates Nuclear Energy Corporation (ENEC) announced this morning. ENEC added that, as a result of the event, the company now leads the largest decarbonization effort of any industry in the UAE.

China’s Fuqing nuclear plant. Photo: CNNC

Unit 5 at China National Nuclear Corporation’s (CNNC) Fuqing nuclear plant in southeastern China’s Fujian Province has become the world’s first Hualong One reactor to be connected to the power grid, the company announced on November 27. “It was confirmed on-site that all technical indicators of the unit met the design requirements and that the unit was in good condition,” CNNC said.

Fuel loading at Fuqing-5 began on September 4, following the issuance of the reactor’s operating license by China’s Ministry of Ecology and Environment. The loading of 177 sets of fuel assemblies was completed on September 10, and initial criticality was achieved on October 21. The unit is scheduled to enter commercial operation before the end of the year.

Also known as the HPR1000, the Hualong One is a Chinese-designed and -developed 1,000-MWe Generation III pressurized water reactor, incorporating design elements of CNNC’s ACP1000 and China General Nuclear’s ACPR1000+ reactors. Fuqing-5’s twin HPR1000, Fuqing-6, is scheduled to start contributing power to the grid next year.

The Belarusian nuclear power plant. Photo: Rosatom

Belarus on November 3 became the latest nation to begin generating electricity with nuclear energy when Unit 1 of the Belarusian nuclear plant was connected to the country’s power grid.

The Belarusian construction project, located in the Grodno region of Belarus, features twin 1,109-MWe pressurized water reactors, supplied by Rosatom, Russia’s state-owned nuclear energy corporation. The units are VVER-1200 Generation III+ designs, model AES 2006. Just last week, a VVER-1200 was connected to the Russian grid at the Leningrad plant.

The start-up program for Unit 1 began on August 7, when the first fuel assembly with fresh nuclear fuel was loaded into the reactor, according to a Rosatom press release. The reactor achieved first criticality on October 11.

Once fully completed, the plant is expected to supply approximately 18 billion kWh of low-carbon electricity to the Belarus national grid every year, Rosatom said.

A new report from the World Nuclear Association asserts that the nuclear sector provides more and better-paying jobs, as well as more highly trained jobs, than does the wind sector, and by a substantial margin. According to the 20-page report, Employment in the Nuclear and Wind Energy Generating Sectors, nuclear provides approximately 25 percent more employment per unit of electricity generated than does wind.