Tim Yeo: «The outlook for the nuclear industry is now better than at any time since the last century»

Last Tuesday (18/10) the «NNWI Forum 2022» was convened in London by the New Nuclear Watch Institute, in order to address the challenges of expanding and accelerating the use of Nuclear Power in the energy transition. The theme of this one-day event was the role of nuclear energy in addressing the Energy Trilemma, (security, affordability, sustainability) as we move towards a net zero environment. Bringing together some of Europe’s top experts in nuclear power, energy policy and industry the Forum provided and expanding a panorama of latest efforts to integrate nuclear as an essential part of the global solution to climate change.

As Tim Yeo, NNWI Chairman and Honorary Member of IENE, observed in his opening remarks,” There are now clear signs that support for nuclear is growing. The outlook for the nuclear industry is now better than at any time since the last century”. The outlook for nuclear power in order to meet EU and global goals towards NetZero50 came under scrutiny with several speakers arguing that nuclear could cover at least 20% of global electricity needs (by generating 4400 TWh) by 2050. This will mean adding some 681 GW of new capacity to the existing 479 GW.

With some 440 nuclear power reactors currently in operation worldwide and 55 under construction, environmental and safety standards appear vastly improved while new approaches to planning and building safer, more efficient, and less costly nuclear power stations are being fast adopted. The challenges in building and delivering on schedule small modular reactors (SMR’s) was highlighted in a special presentation by Harry Keeling of UK’s Rolls -Royce. To view NNWI’s Forum full agenda and presentations visit https://lnkd.in/dpPcp7fV

IENE was actively involved in the Forum proceedings through the participation of its Chairman and Executive Director Mr. Costis Stambolis.