China Will Dominate Global Nuclear Energy Through 2035, Analyst Says
Macron Calls for Another Emergency Oil Release as Europe Loses Supply Haley Zaremba is an energy journalist and researcher with more than a decade of professional experience covering global energy systems, land and natural resources, and… The future of nuclear energy is in China’s hands.
While the United States remains the world’s largest producer of nuclear energy, China’s sector is growing atsuch a rapid clipthat it is expected to overtake France as well as the United States to become the world’s leading nuclear power producer within the next decade.
In addition to this rapid expansion of traditional nuclear power capacity, Beijing has also quickly become the global leader in a broad and diverse range of advanced nuclear power technologies.
“By a wide margin, China will have the world’s most dynamic and significant nuclear industry through 2035,” Damien Ma, energy lead analyst for Gavekal Technologies, wrote in a recent report,as quoted bythe South China Morning Post.
“Construction efficiencies mean China can build a new plant in about six years, compared with more than a decade for the latest Vogtle reactors in the US,” Ma went on to say.
The United States has addedjust one nuclear plantin the last decade, Georgia’s long-delayed, over-budget, and controversial Plant Vogtle.
Over the same time, China added a staggering 34 gigawatts of capacity.
And, Beijing’s latest five year plan shows that China has no intentions of slowing down.
“With innovation and security as its leading themes, the latest FYP illuminates how nuclear energy underpins multiple strategic priorities for China in the context of not only energy security but also technological innovation and global engagement,” the Center for Strategic and International Studies (CSIS), a nonprofit policy research organization and bipartisan think tank recentlyreported.
The Chinese government has been eager to build up the most advanced nuclear power sector in the world as a part of Beijing’s broader bid to establish lasting dominance in the global energy sector by becoming theworld’s first electrostate.
Building the world’s most advanced nuclear energy fleet is a part of this goal, and includes innovative approaches to how nuclear reactors are designed, deployed, and fueled.
“From the world’s first in-reactor thorium breeding confirmation to a dual PWR-HTGR plant and commercial supercritical CO? generation, China is assembling a vertically integrated advanced nuclear ecosystem,” Power Magazinereportedin March of this year.
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