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NPP Sizewell A and B, controlled by Electricite de France SA (EDF), Sizewell, UK, Friday, January 26, 2024.
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London – The demand for electricity has arisen interest in nuclear energy, but huge capital requirements and uncertain political and regulatory climates raise questions about the financial potential of the sector.
The technical giants Swinging money into investing in nuclear energyLooking at the energy intensive data centers and implement your ambitions.
AI and data centers – “Canary in the Coal Mine”, CEO of the World Nuclear Association itself and Leon told CNBC on the eve of the conference. “We finally admit that the demand for electricity and energy will only increase in general. But reality is that all the sector of economy will need more electricity.”
In addition to AI, applications vary from nuclear energy for the metallurgical industry, which seeks to electrify as soon as possible to chemical, marine and delivery of sectors, Leon said.
The question of how to meet the growing needs of the world occupies the central stage as the main leaders of the world’s largest firms and nuclear energy, experts and investors who gathered for the annual Symposium of the World Nuclear Association (WNA) at the Royal Lancaster London Hotel.
Dr. Bilbao and Leon, Dr. Bilbao’s introductory remarks at the 2025 Nuclear Association.
World Nuclear Association
Beginning the discussions at the conference, Leon told the participants in her hospitable speech that the event is a “working summit” that seeks to get past a simple conversation.
According to Morgan Stanley, the investment in the nuclear value chain will increase to 2.2 trillion by 2025. Dollars assessmentCompared to the 2024 forecast of $ 1.5 trillion. This level of investment raises questions on the role of government, banks and other financial players in providing sufficient financial power.
It is said that nuclear energy provides a more reliable, 24/7 energy sources compared to renewable sources, which may be more intermittent. Development of small modular reactors (SMRS) provides a more scalable power solution from their size. As depending on IEAThe payback period of investment in SMR is half a normal 20-30-year period for large large-scale projects.
But SMRS will not yet reach the commercial stage, and most planned projects will not come online until 2030. While in the last 15 years there have been no new large -scale nuclear projects in the US.
“The first positive history regarding the financial sector is that they are open to financing the nuclear nuclear,” said Mahesh Goenka, founder of the Old Economy market and commercial advisory firm on WNA sidelines. “It was not a story a few years ago when many banks did not want to touch nuclear projects.
Problems include excessive budget budgets, untimely delivery of projects due to long construction, technical complexity of initiatives and difficulties with obtaining licenses.
Roenka compared the West with China, where financial institutions are council to finance nuclear projects as they can be delivered on time and on the budget – which will lead to better profitability than other infrastructure projects. Meanwhile, the West has not created many new reactors for a very long time, so the level of study is not quite there, he said.
Almost all nuclear power that generates in the USA comes from reactors built between them 1967 and 1990Without new designs until 2013, when work in Vogtle in Georgia began. Meanwhile, the latest plant built in the UK was the Sizewell B, which started working in 1995.
Nuclear investments are “inherently political projects,” said Mark Molduni, head of energy director, resources and infrastructure in BNP Paribas. He noted that, while customers are much more perceived investment, uncertainty compared to the cost and time of collection.
“For many years, we can be used for the financing of large nuclear (projects),” he said during the discussion.
“It will not be contractors, even if they were willing, but by and large, they will not bankrupt some risks that are sitting with these projects. So, it will either be the government or it will be consumers of the country’s electricity, and in some places that may be intermediate in the industry.”
Nuclear power plants are one of the most intense capital. For example, the UK has a Greenlit construction of a massive two reactor nuclear station on the Sufolka coast, which will produce 3.2 gigawat electricity, says the government to provide electricity for an equivalent of 6 million houses. But the costs for most state projects jumped up to £ 38 billion, which exceeded the initial target of £ 20 billion.
Other basic projects have faced similar issues. Vogtle plant in Wiensbara, Georgia, ran For a few years behind the schedule And it had a double budget. Atomic Energy in the UK Ginkley Point collided with many Problems around security risks on the initial stages as well as the budget that Up to 40 billion pounds are estimated.
Trevor Myburgh, Senior Executive Director for Corporate Financial Financing in Eskom, stressed that the private sector could not be a “silver bullet” and solve the problem of financing nuclear energy.
The public private partnership will be “decisive” in the development of nuclear, especially in any developing economy, Muburg said during the discussion on Wednesday.
While some European countries, such as Switzerland, are currently a ban on the construction of any new nuclear plants, but has developed legislation on the removal of this movement – and Germany remains unfavorable for nuclear energy, other governments such as the UK, France, and the USA, leaned towards the energy source.
Earlier this year, US President Donald Trump has signed a number of executive orders aimed at rapid nuclear reactor development and quadrangular nuclear power By 2025.
Such actions of the Trump administration have put a positive nuclear energy policy “on steroids”, – said CEO CEO Corp Uranium Scott Melbye.
“What we see is really specific measures that take this administration to push not only the construction of small modular reactors, advanced reactors and large reactors, but (also) in the fuel cycle,” Melby told WNA.
Harp Investor Roots noted an increase in investors’ interest in finding opportunities with startups, especially those that supply nuclear technology.
In particular, the UK government has accepted a more “practical” approach, helping the founders of startups to consolidate investors in pure technology, she said.
“The regulations must find out itself. This is no longer a question, where do we get the capital? …