Global Nuclear Power Set to Hit Record High in 2025
The International Energy Agency predicts nuclear energy will account for nearly 10% of global electricity, driven by China's rapid expansion and rising electricity demands.
- The International Energy Agency (IEA) forecasts global nuclear electricity production will reach 2,900 TWh in 2025, the highest level in history.
- China leads the global resurgence in nuclear energy, with 25 of the 52 reactors started since 2017 being of Chinese design, while Western nations face delays and high costs.
- Over 70 gigawatts of nuclear capacity are under construction globally, marking one of the most significant expansions in three decades.
- The nuclear sector faces challenges, including reliance on a few countries for uranium enrichment, with Russia controlling 40% of the market, raising supply chain concerns.
- Small modular reactors (SMRs) are being explored as a potential solution to cost and scalability issues, though their deployment remains in early stages.