19.7% of the country’s power
14.6% of the country’s power
70.6% of the country’s power
4.9% of the country’s power
At the start of 2021, 16 of the 54 reactors under construction globally were in China.
3.3% of the country’s power
At the start of 2020 seven reactors were under construction in India
In addition to the reactors currently operating, there are over 50 (the exact number varies slightly according to sources3,4) and more than 425 either planned or proposed, including a $1 billion project in Wyoming funded by Bill Gates and Warren Buffett5.
In terms of the measurable effects on the energy supply, again estimates vary but on average indicate a roughly 50% uplift in capacity by 2040.
The International Energy Agency 6 forecasts global nuclear capacity climbing to 582 GW by 2040, up from the 415 GW recorded in 2020, according to a report released in November 2021 while The Nuclear Fuel Report: Global Scenarios for Demand and Supply Availability 2021-2040 states “Nuclear generation capacity is expected to grow by 2.6% annually, reaching 615 GWe by 2040. As of mid-2021, global nuclear capacity was around 394 GWe (from 442 units), and about 60 GWe (57 units) was under construction. In the Reference Scenario, nuclear capacity is expected to grow by 2.6% annually, reaching 439 GWe by 2030 and 615 GWe by 2040.”
Another forecast from the International Atomic Energy Agency 7 is even more bullish about future demand with a more than 100% increase in demand by 2050 (see below).
1 Source: UxC 21 in 21 Webinar2 Source: https://world-nuclear.org/information-library/current-and-future-generation/nuclear-power-in-the-world-today.aspx3 Source: https://pris.iaea.org/PRIS/WorldStatistics/UnderConstructionReactorsByCountry.aspx4 Source: https://www.statista.com/statistics/268154/number-of-planned-nuclear-reactors-in-various-countries/5 Source: https://ca.finance.yahoo.com/news/bill-gates-warren-buffett-building-100008796.html6 Source: https://www.iea.org/reports/nuclear-power7 Source: https://www-pub.iaea.org/MTCD/Publications/PDF/Pub1104_scr.pdf8 Source: https://twitter.com/Sprott/status/14386577576793415709 Source: https://www.eia.gov/uranium/marketing/
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