Nuclear ‘renaissance’ is possible despite hurdles: Wood Mackenzie
National governments will need to address more than just competitive costs and innovations.
A nuclear renaissance is possible if governments are able to address key hurdles, Wood Mackenzie reported.
Beyond innovating and bringing down nuclear power to more competitive costs, governments looking to develop nuclear power will also have to address safety and faster regulatory reviews.
There is also a need to continue the expansion of grids to accommodate nuclear capacity.
“The energy industry has a track record of technological breakthroughs during periods of high commodity prices and strong policy support,” David Brown, director, Energy Transition Service for Wood Mackenzie, said.
“If these areas are addressed, a renaissance is possible.”