US-EU Energy Council: Towards the energy transition

The 11th US-EU Energy Council underlines the importance of transatlantic cooperation for energy security and the transition to net zero.

Share:

Conseil Énergie US-UE 2024

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access • Archives included • Professional invoice

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

The meeting of the 11th US-EU Energy Council, a key platform for coordinating energy issues, brought together high-level representatives on March 15. Chaired by figures such as Kurt Campbell, David Turk, Kadri Simson, and Bélen Martinez Carbonell, it highlighted the transatlantic cooperation essential for diverse and resilient energy systems.

Commitments and energy security

During the meeting, the importance of the EU-US Task Force on Energy Security was underlined, with a commitment to continue efforts to guarantee energy security in Europe and beyond. The Council expressed its support for global decarbonization objectives, in line with theParis Agreement. The call for revised Nationally Determined Contributions, aimed at reducing emissions to limit warming to 1.5 degrees Celsius, was reiterated. This approach is part of a global effort to promote fair energy transitions aligned with scientific objectives.

Towards a fair and orderly transition

The Council stressed the need for an equitable global transition away from fossil fuels, to achieve net zero by 2050. The next decade is described as crucial for this transition, with particular urgency on the phasing out of uncompensated coal. It was noted that diversified and resilient energy systems are essential to reduce dependencies and counter attempts to politicize energy. This point underlines the importance of not being overly dependent on a single supplier for fuels, essential raw materials and other inputs.

Nuclear power in the energy transition

The potential contribution of nuclear energy to the decarbonization of energy systems was recognized, with a particular focus on reducing dependence on Russia for nuclear materials and services. The USA and the EU have expressed their intention to strengthen cooperation in this area. This cooperation also aims to support the efforts of affected EU member states to diversify their nuclear supplies. The importance of this approach lies in its contribution to a safe and sustainable energy transition.

Continued support for Ukraine

The situation at the Zaporijjia nuclear power plant in Ukraine was strongly condemned, with reaffirmed support for the principles of nuclear safety and security. The Council reiterated its support for the principles set out by the IAEA Director General at the UN, and for the assistance provided to Ukraine. This position reflects transatlantic solidarity and commitment to nuclear safety under conditions of conflict. Transatlantic energy cooperation thus extends to concrete support for Ukraine, underlining the interconnection between energy security, nuclear safety and geopolitical stability.

The 11th US-EU Energy Council marked an important step towards strengthening cooperation for a global energy transition, underlining the importance of innovation, energy security, and support for Ukraine in the face of current challenges.

California-based startup Radiant has secured $300mn to build its first factory in Tennessee and prepare for the mass production of miniature nuclear reactors for off-grid applications.
The US nuclear regulator has extended the operating licences of three Illinois reactors by 20 years, strengthening Constellation's long-term industrial outlook for the Clinton and Dresden sites.
The SATURNE Industrial Chair aims to develop innovative uranium extraction methods, with joint funding from Orano and the National Research Agency over a four-year period.
US-based X-energy has signed a reservation agreement with South Korea's Doosan Enerbility to secure key components for its small modular nuclear reactors.
Niger expands its mining alliances with Uranium One to develop new sites, while the Dasa project continues seeking financing despite clear political backing.
Samsung Heavy Industries has received Approval in Principle for a floating nuclear plant featuring two SMART100 reactors, marking a step toward the commercialisation of offshore small modular reactors.
The Indian government proposes a unified legal framework for nuclear energy, aiming to boost private investment and increase installed capacity to 100 GW by 2047.
Samsung C&T strengthens its presence in modular nuclear energy in Europe by signing an agreement with Synthos Green Energy to develop up to 24 SMRs in Poland and several Central European countries.
Israeli firm nT-Tao and Ben-Gurion University have developed a nonlinear control system that improves energy stability in fusion plasmas, strengthening the technical foundation of their future compact reactors.
The Indian government has introduced a bill allowing private companies to build and operate nuclear power plants, ending a state monopoly in place for over five decades.
Natura Resources enters a new regulatory phase for its molten salt reactor MSR-1, following the signing of a framework agreement with the US Department of Energy under the Reactor Pilot Program.
Norwegian Nuclear Decommissioning is surveying 22 localities to assess their interest in hosting storage facilities for radioactive waste from the country’s former research reactors.
Electricité de France's Flamanville 3 reactor has reached full power for the first time, marking a key industrial milestone in the deployment of EPRs in Europe, despite cost overruns reaching EUR23.7bn ($25.7bn).
GE Vernova Hitachi’s BWRX-300 small modular reactor has passed a key regulatory hurdle in the United Kingdom, opening the door to potential commercial deployment, despite no current plans for construction.
Molten salt reactor developer Natura Resources has acquired Shepherd Power and partnered with NOV to scale up modular reactor manufacturing by the next decade.
China National Nuclear Corporation expects commercial operation in 2026 for its ACP100 reactor, following successful cold testing and completion of critical structures in 2025.
Start-up SEATOM has been selected to join NATO's DIANA programme with its micro nuclear reactor designed for extreme environments, reinforcing its position in dual-use marine and military energy technologies.
The Estonian Ministry of Economic Affairs has opened a tender to select a site and conduct initial environmental studies for a 600 MW nuclear power plant, marking a decisive step for the country’s energy future.
The European Commission has approved Poland's financial support plan for its first nuclear power plant, a €42bn project backed by public funding, state guarantees, and a contract for difference mechanism.
Six European nuclear authorities have completed the second phase of a joint review of the Nuward modular reactor, a key step toward aligning regulatory frameworks for small nuclear reactors across Europe.

All the latest energy news, all the time

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access - Archives included - Pro invoice

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.