Visitors (R) will learn about Huaneng’s high temperature gas furnace model at the China International Nuclear Industry Equipment Exhibition 2021 held in Yantai, Shandong Province, China on October 19, 2021.
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Nuclear power has the potential to become a dominant player in the next-generation clean energy environment, according to the head of the International Energy Agency (IEA), but it requires coordinated action and concentration by governments and private companies.
Meanwhile, Russia and China dominate the space. Since 2017, 87% of new reactors that have destroyed the ground have used Russian and Chinese designs and are the Managing Director of the IEA. Fatih Birol Said in Thursday’s statement.. The IEA is a Paris-based intergovernmental organization Released in 1974 In the wake of the oil crisis.
“Developed countries have lost market leadership because 27 of the 31 reactors that began construction after 2017 were designed by Russia or China,” Virol said.
As nuclear power does not emit greenhouse gases that cause global warming, there is a great opportunity for nuclear power to become a major component of the global energy market as the world awakens to the effects of climate change. The war in Ukraine also contributed to the rise in fossil fuel prices, making nuclear power more economically attractive.
“In today’s context of the global energy crisis, rising fossil fuel prices, energy security challenges, and ambitious climate change efforts, I believe nuclear power has a unique opportunity to make a comeback.” Mr. Virol said.
“But the new era of nuclear power is never guaranteed,” he added.
The government needs to implement policies to “ensure safe and sustainable operation of nuclear power plants over the next few years,” Mr. Virol said, and needs to invest in new technologies.
He also warned that in order for developed countries to catch up with China and Russia’s nuclear operations, companies must carry out their nuclear construction projects better on time and within budget.
“The nuclear industry must quickly address the cost overrun and project delay issues that have plagued the construction of new plants in developed countries,” Virol said.
Construction in the United States 3rd and 4th reactors at Bogtor Plant in Georgia It is a classic example of what the nuclear industry cannot do efficiently.
With nuclear power plants in 32 countries, 63% of the energy-producing capacity of its global reactor fleet comes from plants at least 30 years ago.That’s most of the construction of nuclear power plants Response to the 1970s oil crisisAccording to the IEA.
Cooling tower of the Dampierre Ambourry nuclear power plant operated by the Electricite de France SA (EDF) in Dampierre Ambourley, France, on Tuesday, May 3, 2022. Ukraine has exacerbated Europe’s energy crisis, as France has traditionally been a net exporter of electricity.
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The existing reactor fleet in developed countries will be specifically reduced to one-third without intervention. This acknowledges that the IEA often requires a “large investment”.
In the United States, the federal government $ 6 billion program to support existing nuclear power plants I’m having a hard time keeping it open for Financial difficulties, The Department of Energy says. The program will be paid with the money included in President Biden’s bipartisan infrastructure law.
On Thursday, the Ministry of Energy amended the requirements for applying for funding and extended the deadline by 60 days until September 6. The new rules will make it more possible to maintain the local economy and keep the reactors online for our country today. The single largest source of carbon-free electricity. Kathryn HuffAssistant Secretary of Nuclear Energy, Department of Energy Said in a statement about rule changes..
According to the Department of Energy, 13 US commercial reactors have been shut down early since 2013.
The IEA’s plan for the world to reach net zero emissions by 2050 requires that nuclear power be doubled between 2020 and 2050. “By renewable energy such as wind and solar energy. By 2050, IEA will have a nuclear power plant that will account for 8% of the world’s electricity.
The IEA’s nuclear energy program includes nuclear technologies that are not yet available on a large scale, such as the Small Module Reactor (SMR), which produces about one-third the energy of traditional power plants.
“Lower cost, smaller size and reduced project risk of SMRs have the potential to improve social acceptance and attract private investment,” said IEA, Canada, France, the United Kingdom and the United States of this small modular reactor technology. Supporting development.