Announcement from CERAWeek 2025 includes Amazon, Google, and Meta
Following in the steps of an international push to expand nuclear power capacity, a group of powerhouse corporations signed and announced a pledge today to support the goal of at least tripling global nuclear capacity by 2050.
The International Energy Agency published a new report this month outlining how continued innovation, government support, and new business models can unleash nuclear power expansion worldwide.
The Path to a New Era for Nuclear Energy report “reviews the status of nuclear energy around the world and explores risks related to policies, construction, and financing.”
Find the full report at IEA.org.
NuScale Power yesterday announced the signing of a memorandum of understanding with Estonia’s Fermi Energia, a company focused on small modular reactor development to address the Baltic state’s climate and energy security goals.
Under the MOU, Fermi Energia will evaluate the Portland, Ore. – based firm’s small modular reactor design for deployment in Estonia. (There are no nuclear power facilities in Estonia or in the other Baltic countries, Latvia and Lithuania.)
Nuclear power can play a significant role in helping countries solve the twin crises of energy and climate and securely transition to future energy systems dominated by renewables, according to a new report, Nuclear Power and Secure Energy Transitions: From Today’s Challenges to Tomorrow’s Clean Energy Systems, released June 30 by the International Energy Agency (IEA). The message is clear: Nuclear power can reduce reliance on imported fossil fuels, cut carbon dioxide emissions, and stabilize electricity systems; and building sustainable and clean energy systems will be harder, riskier, and more expensive without nuclear.
From left: Kalev Kallemets, chief executive officer of Fermi Energia, and James Lauritsen, managing director of Laurentis Energy Partners. (Photo: Fermi Energia)
Laurentis Energy Partners will work with Fermi Energia to support the development of small modular reactors in Estonia, the companies announced yesterday at the 2022 Canadian Nuclear Association Conference being held in Ottawa, Ontario.
A subsidiary of Ontario Power Generation (OPG), Laurentis bills itself as a provider of SMR services throughout the development life cycle, from feasibility and planning through construction, commissioning, and operations. Fermi Energia is an Estonian energy company focused on SMR development and deployment.
What they’re saying: “Building on our owner’s engineer and nuclear management experience, Laurentis is pleased to work with Fermi Energia to provide an opportunity for Estonia to confidently introduce SMRs into their energy mix,” stated Jason Van Wart, vice president of Laurentis.
The European Union could reduce imports of Russian natural gas by more than a third within a year through a combination of measures that would support energy security and affordability and would be consistent with the European Green Deal, according to a new report from the International Energy Agency.
“Nobody is under any illusions anymore,” said IEA executive director Fatih Birol on announcing the release of the report, A 10-Point Plan to Reduce the European Union’s Reliance on Russian Natural Gas. “Russia’s use of its natural gas resources as an economic and political weapon shows Europe needs to act quickly to be ready to face considerable uncertainty over Russian gas supplies next winter. . . . Europe needs to rapidly reduce the dominant role of Russia in its energy markets and ramp up the alternatives as quickly as possible.”
Despite strong growth over the next two years, renewables such as hydropower, wind, and solar won’t keep up with the projected increase in global electricity demand in 2021 and 2022, according to the International Energy Agency’s Electricity Market Report—July 2021. The result could be a sharp rise in the use of coal power that risks pushing carbon dioxide emissions from the electricity sector to record levels next year.
A highly anticipated report released yesterday by the International Energy Agency on how to transition the world to a net-zero energy system by 2050 calls for “nothing less than a complete transformation of how we produce, transport, and consume energy.” At the same time, the report, Net Zero by 2050: A Roadmap for the Global Energy Sector, characterizes its preferred road to net zero as the one “most technically feasible, cost-effective, and socially acceptable.”
That road, while relying primarily on renewable energy, keeps a lane open for nuclear, which, the report says, will make a “significant contribution” and “provide an essential foundation for transitions.”
The decline in global carbon dioxide emissions recorded last year will not continue through 2021, a new report from the International Energy Agency concludes. Released last week, Global Energy Review 2021 finds that energy–related CO2 emissions are on course for the second-largest increase in history, reversing most of 2020’s COVID pandemic–related drop. The surge would be the largest since 2010, during the carbon-intensive recovery from the worldwide financial crisis, according to the agency.
China will have the world's largest nuclear power fleet within a decade, an International Energy Agency official noted during a session at the High-Level Workshop on Nuclear Power in Clean Energy Transitions, World Nuclear News reported on March 3.
The workshop was held jointly by the IEA and the International Atomic Energy Agency.
The IEA official, Brent Wanner, head of Power Sector Modelling & Analysis for the agency's World Energy Outlook publication, said that as nuclear fleets in the United States, Canada, and Japan reach their original design lifetimes, decisions will have to be made about what will happen after that. Absent license renewals, the contribution of nuclear power could decline substantially in those countries while China’s reactor building program will boost it into the first position.
IAEA Director General Rafael Mariano Grossi signs a memorandum of understanding with the International Energy Agency during an online event. Photo: IAEA
To help speed the transition to clean energy that many experts say will be required to achieve global climate goals by mid-century, the International Atomic Energy Agency and International Energy Agency (IEA) have agreed to strengthen cooperation on activities involving nuclear power.
IAEA Director General Rafael Mariano Grossi and IEA Executive Director Fatih Birol on November 30 signed a memorandum of understanding, under which the two organizations will share data, statistics, energy modeling tools, policy analysis, and research, according to the IAEA on December 3. The agencies will also collaborate on publications, seminars, workshops, and webinars and increase participation in each other’s conferences and meetings of mutual interest.
The International Energy Agency released its annual World Energy Outlook on October 13, noting the massive disruption caused by the COVID-19 pandemic and calling for a surge in well-designed energy policies to put the world on track for a resilient energy system that can meet climate goals.
According to the latest IEA analysis of the pandemic’s impact, drops are expected in 2020 in global energy demand by 5 percent, energy-related CO2 emissions by 7 percent, and energy investment by 18 percent. This year’s report focuses on the pivotal period of the next 10 years, exploring four different pathways out of the crisis.
More information on the report is available here. The full publication can be purchased for €120 (about $140).
Birol
Nuclear energy demand and output could be reduced by 2.5 percent this year compared with 2019, according to the report Global Energy Review 2020 from the International Energy Agency (IEA). The report states that global nuclear power generation fell by about 3 percent in the first quarter of 2020 compared with the same period in 2019, adding that the decline was due to lower electricity demand as well as delays for planned maintenance and construction of several projects.