Asia Financial’s Post

The discussion around the longevity and economics of nuclear power is complex. This article highlights that while the Coalition proposes nuclear plants with an 80-100 year lifespan, the international experience shows the average age of active reactors is 32 years, with none operating beyond 60. Given the significant challenges and costs, including long construction times and economic viability, it's crucial to champion renewable energy sources. Solar and wind power are advancing rapidly, providing scalable and cost-effective solutions. Embracing these technologies is essential for a sustainable and resilient energy future. #cleanenergy #renewables #augustamargaretriver #climateactionnow

“…China could approve another 100 nuclear reactors over the coming decade, according to an industry lobby group, as the nation turns itself into the world’s biggest operator of atomic power and potentially a major exporter of the technology. After greenlighting a record 11 reactors so far in 2024, Beijing could commit to a “realistic target” of 10 new approvals each year through 2035, Tian Jiashu, deputy secretary-general of the Chinese Nuclear Society, said at the BloombergNEF Summit in Shanghai on Tuesday. China is already on track to leapfrog the US and France to become the global leader for nuclear power generation by the end of the decade. It has more reactors under construction than any other nation after approving 10 in each of the last two years. However, maintaining that pace over the next decade is likely to require more private capital to fund what’s largely been a state-led effort. Such a rate of expansion would see China’s nuclear power capacity almost quadrupling to 200 gigawatts by 2035, enough to meet 10% of electricity demand, Tian said. It could then double to 400 gigawatts by 2060, supplying 16% of total consumption at that point, he said. China’s nuclear power industry has strong momentum at the moment, but it will be challenging to keep it going at the current pace. So far, reactors have only be placed in coastal areas, but a lack of sites would require them being built inland in areas that pose pollution and water management challenges. Ensuring safety will also be crucial, as any accident could derail development and have major political blowback. While other countries have slowed the pace of nuclear rollouts since the Fukushima disaster in 2011, China has pushed ahead. International interest in the stable and emissions-free energy source has revived in the last few years as countries look for ways to decarbonize their grids. As one of only a handful of suppliers of the technology, Beijing is positioning itself to become a lower-cost exporter to the developing world. China is focused on the Hualong One, a so-called third generation reactor with enhanced safety systems. It also brought the world’s first fourth-generation reactor online last year, and is developing a small modular reactor called Linglong One. State-owned firms — including China National Nuclear Power Co., State Power Investment Corp. and China General Nuclear Power Corp. — have long dominated China’s nuclear industry, but the capital-heavy sector has been calling for reforms to attract more private investment. It’s likely that the amount of non-state investment in companies could rise to about half from around 20% at the moment, Tian said. “The mixture of shareholders will enhance quality and investment efficiency.”

Best invest in Building and talking about Fusion power, space, and maritime propulsion systems and industry as data centres are. You talk about Nuclear (meaning Fission) and fail to discuss fusion. https://lnkd.in/ge_aeX7M The nuclear fission industry is, ignorant of what's happening around you. Pull your uranium heads out, start adjusting your industry to fusion energy and start preparing to enter the commercially growing fusion energy industry. As it dawns on Earth like the sun. Great Headline Guardian on Nuclear fission. https://lnkd.in/g8sMZtpR Fission is moving towards obsolescence at an accelerated pace, as it is "out of step, out of time, out of place," and merely a temporary industry globally. https://lnkd.in/gbd_mZqk By 2028, Helion is expected to start producing electricity from its first fusion commercial power plant, which will provide electricity to Microsoft. The plant will produce at least 50 MWe after an initial ramp-up period. https://lnkd.in/gY9J3MQY Now see what is happening in the Fusion industry in the world. https://lnkd.in/g9hMBD7a As fission trebles, fuel shortage is increasingly real,

Large-scale nuclear power station planned for Anglesey in Wales -

Energy transition to nuclear power is gaining momentum in ASEAN.

CHINA LEADS THE WAY WITH NEW NUCLEAR PROJECTS

Also see my article, Why does the US lag the world in nuclear power? https://lnkd.in/eVjq5-X3 And if you also like this one, https://lnkd.in/eeJaYR8t, please subscribe to my substack. More at Hargraves.substack.com https://lnkd.in/ersiueqX

The UK needs to build new nuclear “at pace” if it wants to remain competitive against similar countries pursuing nuclear power programmes, according to a report from the Tony Blair Institute for Global Change (TBIGC).

Via Utility Dive: " Nuclear energy finance bans prevent the world from buying American: Securing financing for commercially-oriented nuclear energy projects is critical for American suppliers to compete against adversarial state-owned entities. " #Energy #Utility #Utilities

Quite an important development on nuclear in the US!