Nuclear Renaissance: A New Direction for Atomic Energy

Against a backdrop of energy renewal, the world's nuclear industry converges on Villepinte, illustrating a marked revival of interest in the atom.

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Renaissance de l'Énergie Nucléaire

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The global nuclear industry is gathering this week at the World Nuclear Exhibition (WNE) near Paris, testifying to a significant revival in nuclear power. This major event, bringing together manufacturers, ministers and experts, focuses on progress since 2021 and future prospects, particularly in the run-up to COP28.

A Change of Global Perspective

Fatih Birol, head of the International Energy Agency (IEA), points to a global turnaround: several countries, initially reluctant to embrace nuclear power, are reassessing their positions. This renewed interest is reflected in new projects in China, France, the United States, Canada and Poland. Birol stresses the importance of extending the life of existing reactors, and is optimistic about innovations in small modular reactors (SMRs).

Challenges to overcome

Despite this positive momentum, the nuclear sector faces major challenges. Nuclear power’s share of global electricity production has fallen in recent decades, from 20% to less than 10%. Rafael Mariano Grossi of the International Atomic Energy Agency (IAEA) warns that a significant increase in nuclear capacity is needed to comply with the Paris agreements. There are currently around 400 reactors worldwide, but Grossi estimates that double that number, or more, will be needed by 2050.

Innovation and Investment: Keys to Transition

WNE highlights the need to invest in supply chains and the training of new talent. Diane Cameron, from the Nuclear Energy Agency (OECD), stresses the importance of attracting the younger generation and new operators to the sector. The show also features a focus on start-ups and next-generation reactors (AMR).

Nuclear power at COP28: Changing attitudes

WNE looks forward to COP28, where nuclear power, once taboo, is now seen as an integral part of the solution to global warming. Countries that use nuclear power, including France, are preparing to call for a tripling of nuclear generation capacity by 2050.

This convergence at Villepinte marks a turning point for nuclear energy, revealing a pragmatic and innovative approach to climate challenges.

Arkansas has appointed Excel Services to analyse the economic, technological and logistical outlook of a new nuclear programme, with results expected within ten months.
Operator Belgoprocess has received authorisation to build a new facility to store waste generated from the ongoing decommissioning of Belgium’s nuclear reactors.
The British government has launched a consultation on the regulatory justification request for Rolls-Royce’s modular reactor, a decisive step towards its approval in the country’s nuclear market.
GVH and Samsung C&T join forces to accelerate international deployment of BWRX-300 small modular reactors, with a strong focus on Sweden and the consolidation of the nuclear supply chain.
The Swedish government aims to establish a right to compensation for operators if a political reversal leads to the early shutdown of nuclear plants, in a move to reduce investment risks.
Duke Energy adds a large nuclear reactor project to its 2025 plan for the Carolinas, anticipating electricity demand more than twice previous forecasts.
EDF has selected Arabelle Solutions to supply two complete turbine islands for the Sizewell C nuclear power plant, strengthening their industrial cooperation initiated at Hinkley Point C.
The Italian government has approved a bill granting the executive authority to regulate the return of nuclear energy, in line with European carbon neutrality and energy security targets for 2050.
Framatome and the French Alternative Energies and Atomic Energy Commission have commissioned a specialised industrial line in Jeumont for the manufacturing of nuclear components used in French Navy vessels.
Italian company Terra Innovatum is advancing the commercialisation of its SOLO micro-reactor, with two new partnerships and $42.5mn in funding as part of a merger with a listed company.
The Nurlikum Mining joint venture enters a new industrial phase with the launch of the South Djengeldi project, targeting annual production of 500 tonnes of uranium over ten years in Uzbekistan.
The containment structure over Chernobyl’s destroyed reactor lost power after a Russian strike, as Zaporizhzhia remains cut off from external electricity for over a week.
Uranium deliveries to U.S. civilian operators rose 8% in 2024, while the average price climbed to its highest level since 2012, according to the latest available data.
The Vice-Chairman of Russia’s Security Council believes more countries will develop nuclear weapons and generative AI technologies as a result of increasing public sector efforts.
An international tribunal ruled in favour of French company Orano against the State of Niger, which had blocked the sale of uranium extracted from the Arlit mine since taking control of the site in 2023.
US-based Oklo and Sweden’s Blykalla join forces to coordinate supply chains and regulatory data sharing to accelerate the commercial deployment of their metal-cooled small modular reactors.
EDF plans a massive €25bn ($26.5bn) investment to modernise its nuclear fleet, focusing on reactor lifetime extension and preparing for new nuclear projects in France.
The French Energy Regulatory Commission set the full nuclear cost at €60.3/MWh by 2026, outlining the taxation thresholds applicable under the market reform scheduled for 2026.
The Ministry of Energy will initiate talks with developers of small nuclear reactors after signing a cooperation agreement with the United States to conduct preliminary studies on their deployment.
The restart of the Flamanville EPR reactor, initially scheduled for 1 October, has been delayed by more than two weeks due to a maintenance operation on the primary circuit.