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

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

7-Day Pass

Up to 50 articles accessible for 7 days, with no automatic renewal

3 $/week*

FREE ACCOUNT

3 articles/month

FREE

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

Since 2021: 30,000 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.

EDF anticipates a 35 MW decrease in output for the Flamanville EPR between 2026 and 2031, citing a degraded performance level with no official technical explanation to date.
Nuclear Power Corporation of India Ltd has pushed the Bharat Small Reactors proposal deadline to 31 March 2026, aiming to expand private sector engagement in the captive nuclear energy project.
The Philippine government grants contractual advantages and priority dispatch to its first nuclear project, laying the groundwork for sustained sector development in the coming decades.
The merger between Terra Innovatum and GSR III Acquisition Corp. includes $130mn in proceeds aimed at supporting the industrial development of its SOLO™ micro-nuclear reactor.
US nuclear technology firm NANO Nuclear Energy has secured $400mn through an oversubscribed private placement, raising its cash position to approximately $600mn to accelerate development of its KRONOS MMR™ microreactors.
Global Nuclear Fuel, a GE Vernova-led alliance with Hitachi, plans the first use of its GNF4 boiling water reactor fuel in 2026, with full-scale production expected by 2030.
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.

All the latest energy news, all the time

8.25$/month*

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

Unlimited access - Archives included - Pro invoice

7 DAY PASS

Up to 50 items can be consulted for 7 days,
without automatic renewal

3$/week*

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

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