The global nuclear industry has been plagued with retirements for over a decade. However, after delegates at the COP28 summit last year voiced aspirations to triple nuclear capacity by 2050, the industry could be poised for growth. The usual regulatory, environmental and economic hurdles remain, but small modular reactors have the potential to ameliorate several of these obstacles if they can get off the ground. Meanwhile, exuberance for nuclear energy has been dampened by fluctuations in the price of enriched uranium.

On today’s show, Dana Perkins is joined by BloombergNEF’s lead nuclear analyst, Chris Gadomski. He shares insights from the recent report Nuclear Market Outlook 1H 2024: Big Dreams Despite Hurdles, and provides perspective on the feasibility of a comeback story for the nuclear industry.

Listen to the podcast here. 

 

About BloombergNEF

BloombergNEF (BNEF) is a strategic research provider covering global commodity markets and the disruptive technologies driving the transition to a low-carbon economy. Our expert coverage assesses pathways for the power, transport, industry, buildings and agriculture sectors to adapt to the energy transition. We help commodity trading, corporate strategy, finance and policy professionals navigate change and generate opportunities.
 
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