August - 2020
The Next Generation: Future Nuclear Technologies
Nuclear power generation has slowed around the world, despite its promise as a low-carbon, large-scale, dispatchable electricity source. New reactor designs promise to be safer, more efficient, cheaper and easier to build. But will costs come down enough for ‘new’ nuclear to compete with renewables and decarbonised fossil fuels?
A wide range of reactor types are in varying stages of design and demonstration in the US, China, Russia and elsewhere. Some are incremental improvements on traditional reactors; others are more radical and unlikely to enter service before the 2030s. These new reactors could have a role in the future energy mix, growing nuclear’s role much beyond its current market share.