Prof. Dr. Igor Pioro
Current Status and Future Developments in the Nuclear-power Industry of the World
Due to emerging climate change concerns coupled with growing global energy demand, eventually, the world needs to move towards electricity generation with lower carbon emissions including increased use of nuclear power, and hydro, wind, geothermal, solar, and tidal sources. However, only nuclear power is high reliability, and of potentially large installed capacity that can operate with high capacity factors (up to 90 100%). The other sources are lower capital costs but mainly limited by Nature as to lower reliability, capacity factors, and location. It is clear that nuclear power can make a significant, indeed vital contribution to the stated political objectives, industrial positioning, and social goals of becoming “Zero Carbon” or “Carbon Neutral” by dates varying from 2030 to 2050.
This paper is a logical continuation of our previous publications on the current status of the nuclear-power industry of the world. Unfortunately, within the last 9 years, electricity generation with nuclear power has decreased from 14% before the Fukushima Nuclear Power Plant (NPP) severe accident in March of 2011 to about 10%. However, the last couple of years were very important for the world nuclear-power industry, because long-term expected new Generation-III+ nuclear-power reactors/plants were put into operation in China, Russia, and S. Korea, and more reactors are planned to be put into operation in these and other countries such as Bangladesh, Belarus’, Finland, India, Turkey, UAE, and the USA within next 3 – 4 years.