{"id":67093,"date":"2025-09-23T10:31:23","date_gmt":"2025-09-23T17:31:23","guid":{"rendered":"https:\/\/energi.media\/?p=67093"},"modified":"2025-09-23T10:31:23","modified_gmt":"2025-09-23T17:31:23","slug":"revival-interrupted-world-nuclear-industry-wont-sustain-2024-growth-as-renewables-surge","status":"publish","type":"post","link":"https:\/\/energi.media\/news\/revival-interrupted-world-nuclear-industry-wont-sustain-2024-growth-as-renewables-surge\/","title":{"rendered":"\u2018Revival\u2019 interrupted: World nuclear industry won\u2019t sustain 2024 growth as renewables surge"},"content":{"rendered":"

This article was published by The Energy Mix<\/a> on Sept. 23, 2025.<\/em><\/p>\n

By The Energy Mix staff<\/strong><\/em><\/p>\n

Although global nuclear generating capacity grew 2.9 per cent to a record 2,663 terawatt-hours (TWh) in 2024, the industry won\u2019t likely be able to sustain that growth in the face of limited investment, aging power plants, continuing project delays, and overwhelming competition from cleaner, more affordable renewable energy, a leading industry analyst concluded this week.<\/p>\n

The nuclear industry struggled for real relevance in 2024, with just seven new reactors brought online and four shut down, while solar alone added hundreds of gigawatts of new capacity, Mycle Schneider\u00a0writes<\/a>\u00a0[pdf]<\/em>, in the latest edition of his annual World Nuclear Industry Status Report (WNISR). Energy storage \u201cpassed a trigger point,\u201d there are first signs of \u201ca revolution behind the meter,\u201d and low-income countries are starting to leapfrog to renewables.<\/p>\n

\u201cRisks around aging fleets, sluggish construction, accelerating system disruption from renewable energy, and China-centred development are expected to impact growth and lead to declines in regional electricity production shares,\u201d Reuters\u00a0states<\/a>, citing the report. \u201cTo keep global nuclear output steady through 2030 the world would need 44 additional startups beyond those already scheduled, lifting annual startups to roughly 2\u00bd times the past decade\u2019s pace.\u201d\u00a0[Assuming, against a great deal of history, that a nuclear project scheduled today could begin generating power in just five years\u2014Ed.]<\/em><\/p>\n

That won\u2019t be easy, with more than one-third of the world\u2019s 63 nuclear construction projects behind schedule, 14 of them reporting increased delays. Meanwhile, \u201ccompetition from cheaper non-hydro renewables and battery storage is expected to have a broad impact, as investment in renewables was 21 times that of nuclear last year, while added capacity was more than 100 times net nuclear additions,\u201d Reuters says. \u201cBattery costs are also falling, down about 40 per cent in 2024, while nuclear plant costs continue to rise.\u201d<\/p>\n

Most of the nuclear growth is in China, the WNISR data show, where capacity grew by 3.5 gigawatts in 2024 while solar added 278 GW. \u201cBetween 2005 and 2024, there were 104 startups and 101 closures,\u201d the report states. \u201cOf these, 51 startups and none of the closures were in China. Thus, outside China, there has been a net decline by 48 units over the same period.\u201d<\/p>\n

The report warns that it will be increasingly difficult for nuclear to break into a global energy system dominated by renewables. \u201cNew energy technologies disrupt markets and systems,\u201d it explains. \u201cPhotovoltaics directly produces electricity from solar radiation in harmless, nanometer-thin semiconductor junctions, allowing for ongoing steep cost reductions and performance increases. This is complemented by similar advances in power electronics and batteries. Together, these new technologies are evolving towards a highly flexible, fully electrified energy system with a decentralized control logic, outcompeting traditional centralized fossil and nuclear systems.\u201d<\/p>\n

Nuclear energy, it adds, \u201cincreasingly has difficulties to survive in this context.\u201d<\/p>\n

\u201cThe continuous disconnect between public narrative and industrial reality remains very worrying,\u201d Schneider\u00a0told<\/a>\u00a0PV Magazine.<\/p>\n

\u201cIt is startling to see the breathtaking speed of the transformation of the world\u2019s power systems,\u201d he added. \u201cWhile the nuclear industry proudly announces\u2014correctly\u2014a new record of nuclear power generation, the event is insignificant in the system context.\u201d The 14 TWh of output the industry added this year broke an 18-year record, but it was only the equivalent of a single large reactor, \u201cor what UK offshore wind turbines generated in the fourth quarter of 2024.\u201d<\/p>\n

Outside China, the report states, \u201cnuclear generation in 2024 remained 363 TWh below the 2006 level, an almost 14 per cent plunge.\u201d<\/p>\n

Despite the incremental growth in nuclear output worldwide, the industry is still mired at 9 per cent of the global electricity mix, its lowest value in four decades, down from 17.5 per cent in 1996. That share \u201cis likely to erode further\u2026unless project delivery and economics improve markedly,\u201d Reuters writes. The world\u2019s nuclear fleet is also aging\u2014around two-thirds of reactors have been in operation for more than 31 years, and their average age increased slightly from 32 to 32.4 years between mid-2024 and mid-2025, another measure of the small number of new projects going online.<\/p>\n

And so far, very few of those projects are the\u00a0small modular nuclear reactors<\/a>\u00a0(SMRs) that have captured the imagination of politicians and pundits in Canada, the United States, the United Kingdom, and beyond. China is the only country with two designs in operation or built, with limited operational data available. Elsewhere, they \u201cremain largely aspirational, as despite rising public and private funding, no Western SMR construction has begun,\u201d Reuters says.<\/p>\n

In September 2020, with nuclear already losing ground to affordable renewables, Schneider\u00a0tagged<\/a>\u00a0SMRs as \u201cPowerPoint reactors, not detailed engineering, and it\u2019s not the first time. They\u2019ve been doing this for decades.\u201d<\/p>\n

\u201cNobody, not even industry, pretends they can produce anything before 2030. That\u2019s the earliest,\u201d he told\u00a0The Energy Mix\u00a0<\/em>at the time. So \u201cit\u2019s already very simple\u2014it\u2019s much too late, and we don\u2019t know if it\u2019ll work or what it\u2019ll cost.\u201d<\/p>\n

Only 11 countries hosted nuclear construction projects in mid-2025\u2014two fewer than in mid-2024, and five fewer than in mid-2023\u2014and companies controlled by the Chinese and Russian governments accounted for 44 of 45 of the world\u2019s reactor construction starts between January 2020 and mid-2025, the WNISR states. China accounted for seven of the nine construction starts in 2024. Russia \u201ccontinues its key role\u201d as a supplier of uranium fuel for its own reactors, and as a provider of parts and service to western nuclear companies, while the\u00a0Zaporizhzhia<\/a>\u00a0site in Ukraine, Europe\u2019s largest, is a \u201cconstant cause of concern\u201d due to the continuing occupation by Russian troops.<\/p>\n

The nuclear industry may also be running out of the uranium fuel it relies on to run its reactors. Earlier this month, the World Nuclear Association\u00a0warned<\/a>\u00a0that supplies will be tight if the industry ramps up, with existing mines expected to halve their output between 2030 and 2040. The \u201csignificant gap\u201d between demand and supply projections would threaten an awaited nuclear power \u201crenaissance,\u201d the Financial Times wrote (although this week\u2019s analysis would appear to solve that problem).<\/p>\n

The WNISR also reports that:<\/p>\n

\u2022 The total of 408 nuclear reactors in operation in mid-2025 was unchanged from the previous year, down 30 from the industry\u2019s peak in 2002.<\/p>\n

\u2022 Russia dominates the international market for nuclear reactor construction projects, with 20 under way in seven countries. While multiple countries have announced plans to build their first nuclear reactors, only Bangladesh, Egypt, and T\u00fcrkiye have started construction, all with Russian designs.<\/p>\n

\u2022 In France, the\u00a0Flamanville<\/a>\u00a0nuclear plant finally went online, 12 years late and at a cost of US$25.6 billion, \u201ca staggering sixfold increase over the original $4.3 billion estimate.\u201d<\/p>\n

\u2022 At the site of the 2011\u00a0Fukushima nuclear disaster<\/a>\u00a0in Japan, \u201consite and offsite challenges remain overwhelming, with an initial removal of fuel debris amounting to around a billionth of the total,\u201d the WNISR states. \u201cA focus on food safety monitoring finds an opaque system that makes it challenging for the government to convince observers it has control over the situation.\u201d<\/p>\n

\u2022 Of the 218 nuclear reactors that have been shut down worldwide, only 23 have been fully decontaminated, and only nine of been released by regulators and declared safe.<\/p>\n","protected":false},"excerpt":{"rendered":"

This article was published by The Energy Mix on Sept. 23, 2025. By The Energy Mix staff Although global nuclear generating capacity grew 2.9 per cent to a record 2,663 terawatt-hours (TWh) in 2024, the [Read more]<\/a><\/p>\n<\/div>","protected":false},"author":6,"featured_media":67094,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"give_campaign_id":0,"footnotes":""},"categories":[1],"tags":[103,41,14,2586,1085,517],"class_list":{"0":"post-67093","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news","8":"tag-electricity","9":"tag-energy","10":"tag-featured","11":"tag-grid-security","12":"tag-nuclear-energy","13":"tag-renewables"},"acf":[],"yoast_head":"\nnuclear industry - Thoughtful Journalism About Energy's Future<\/title>\n<meta name=\"description\" content=\"The nuclear industry struggled for real relevance in 2024, with just seven new reactors brought online and four shut down.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/energi.media\/news\/revival-interrupted-world-nuclear-industry-wont-sustain-2024-growth-as-renewables-surge\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"nuclear industry - 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