A Nuclear Resurgence Amid Rising Energy Demands

The International Energy Agency (IEA) anticipates a global resurgence of nuclear power as a response to rising electricity demands driven by industry, electric vehicles, data centers, and AI. Over 40 countries are set to expand their nuclear capabilities, with electricity generation expected to peak by 2025. However, this growth faces significant risks tied to reliance on Chinese and Russian technologies and resources. Concerns persist over nuclear weapons and plutonium reserves.

Nations like Japan, France, China, India, and South Korea are actively constructing new reactors, and Germany is considering nuclear research for deterrence. Despite the enthusiasm, traditional nuclear power producers like the USA and France struggle with cost increases and modernization delays. In Europe, nuclear power's share is projected to decline, emphasizing the need for private investment to drive rapid expansion.

The decommissioning market for nuclear reactors is also expanding, reflecting the broader energy transition and concerns over aging infrastructure. This market growth is influenced by economic factors, government policies, safety concerns, and public environmental awareness. As the nuclear landscape evolves, the balance between energy needs and environmental risks remains a critical challenge.