The International Energy Agency has published a new report examining opportunities for the nuclear power industry to address concerns related to energy security and climate change. The Path to a New Era for Nuclear Energy explores areas of policy, innovation, construction, and financing with an emphasis on investment-related issues regarding small modular reactors.

The IEA report describes encouraging developments taking place in the nuclear energy industry, such as increasing investment, technology advances, and supportive policies in many countries. But it also notes that certain key challenges need to be overcome if nuclear energy is to meet the needs of rising electricity demand, including demands from artificial intelligence and data centers. In addition to examining the present global status of nuclear power, the report evaluates the long-term outlook, quantifying expected capacity and investment through 2050.