Status and Trends of the Global Nuclear Industry: A Cruel Re

[Oscar]

Status and Trends of the Global Nuclear Industry: A Cruel Reality Check

[ https://nationalinterest.org/blog/energ ... lity-check ]

May 13, 2025 - By: Mycle Schneider

QUOTE: "Trends in the global nuclear industry indicate a high probability that its ferocious rivals have digested its lunch before it has demonstrated that it can actually keep its promises on the ground. That’s the cruel reality."

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EXCERPT: "There are countless announcements of nuclear projects around the world, policy decisions, budget allocations, and design developments – especially on SMRs, which seem to be more appropriately called small miraculous reactors – but in the end, the question is what happens on the ground. For the time being, nuclear power remains irrelevant in the world market for electricity generating machines. And potential builders, other than the Chinese and Russians, have yet to prove that they are able to design, build, and commission within tight time-frames and budget constraints. Competitors on the renewable and storage side are accelerating implementation now. The probability is high that these ferocious rivals have digested nuclear’s lunch before the atomic industry has demonstrated that it can actually keep its promises on the ground. That’s the cruel reality."