The Prospector News

Sustained and Coordinated Investment Required in Global Nuclear Supply Chain

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Sustained and Coordinated Investment Required in Global Nuclear Supply Chain

 

 

 

 

 

The expansion of the nuclear power sector at the speed and scale required to meet net-zero, energy security and sustainable development targets will necessitate sustained and coordinated investment in the global nuclear supply chain.

This is one of the lead conclusions of The World Nuclear Supply Chain Report 2023, which has just been released.

Speaking on the release of the report, Sama Bilbao y León, Director General of World Nuclear Association said:

Since the publication of the previous edition the report, the outlook for nuclear power has significantly improved. An increasing number of governments are recognizing that nuclear energy offers a solution to achieving net-zero greenhouse gas emissions targets, reliably and cost-effectively.

“Furthermore, concerns about the cost and reliability of gas supplies, exacerbated by the war in Ukraine, have focused global attention on the importance of energy security and sovereignty, areas where nuclear power also offers advantages.

“The ability of the nuclear industry to seize the opportunities of the current energy challenges will depend on several factors, including the capacity of the industry to build and equip hundreds, and potentially thousands, of nuclear power plants efficiently.

The report makes a number of recommendations to optimize the supply chain, including:

  • Lowering the cost of the procurement process by strengthening the relationship with suppliers, and employing new business and financing models.
  • Lowering the cost of components by using strategic procurement methods, optimizing the use of commercial off-the-shelf components and commercial grade dedication, and using innovative manufacturing and construction techniques in nuclear plant deployment
  • Reducing the procurement requirements through long-term operation and optimized management of existing plants, repurposing existing infrastructure for new build (e.g., using coal-fired plant sites and associated infrastructure), and simplifying plant design and operation.

The report is essential reading for the nuclear power industry, energy suppliers, the investment community, and policymakers. It reviews ongoing and planned nuclear power plant construction, major refurbishment, decommissioning and waste management projects. It identifies the exponential opportunities for small modular reactors (SMRs). It specifies the very varied supply chain challenges, offering considerable potential for innovators within both new build and long-term operations. It explores the need for public-private collaboration and the requirement for visionary policy making.

The report is available to order now from the World Nuclear Association. Media copies are available on request.

 

About World Nuclear Association

 

World Nuclear Association is the international organisation that represents the global nuclear industry. Its mission is to promote a wider understanding of nuclear energy among key international influencers by producing authoritative information, developing common industry positions, and contributing to the energy debate, as well as to pave the way for expanding nuclear business.

 

 

 

Posted August 17, 2023

Share this news article

MORE or "UNCATEGORIZED"


ABRASILVER ANNOUNCES CLOSING OF $30 MILLION PUBLIC OFFERING OF COMMON SHARES

AbraSilver Resource Corp. (TSX-V: ABRA) is pleased to announce th... READ MORE

February 7, 2025

Troilus Announces $5.8 Million Strategic Investment by Vaneck via a Non-Brokered Private Placement

Troilus Gold Corp. (TSX: TLG) (OTCQX: CHXMF) (FSE: CM5R) announce... READ MORE

February 7, 2025

PPX Closes First Tranche of Silver Royalty Agreement With Silver Crown Royalties

PPX Mining Corp. (TSX-V: PPX) (BVL: PPX) is pleased to announce t... READ MORE

February 7, 2025

Barrick Grows Gold and Copper Reserves Significantly, Setting It Apart From Peers as It Positions for Growth

Barrick Gold Corporation (NYSE:GOLD) (TSX:ABX) grew attributable ... READ MORE

February 6, 2025

Liberty Gold Announces Assay Results from the 2024 Drill Program at the Black Pine Oxide Gold Project, Idaho

0.96 g/t Au over 24.4 meters, including 1.94 g/t Au over 6.1 mete... READ MORE

February 6, 2025

Copyright 2025 The Prospector News