According to the World Nuclear Association’s newly released Nuclear Fuel Report: Global Scenarios for Demand and Supply Availability 2023–2040, there will be more of an increased demand than previously anticipated for nuclear fuel services and nuclear power capacity over the next several years. The report notes that the increased need for nuclear energy is associated with government efforts to decarbonize energy supplies and achieve energy security as well as growing interest in deploying new large nuclear reactors and small modular reactors (SMRs). The report is available to order now.

Nuclear power plants around the world generated 2,553 TWh of electricity in 2020, a drop of 104 TWh from 2019’s total, according to World Nuclear Performance Report 2021. The report was released last week by the U.K.-based World Nuclear Association.

Nuclear generation declined in Africa, North America, and Western and Central Europe, rose in Asia (but by much less than in recent years), and remained largely unchanged in Eastern Europe, South America, and Russia, the 68-page report states.

Sama Bilbao y León, WNA director general, notes in the report’s preface that although the nearly 4 percent decline “would be an unequivocal disappointment” in any other year, “in 2020, with overall electricity demand falling by around 1 percent and nuclear reactors increasingly being called upon to provide load-following support to the increased share of variable renewable generation, the resilience and flexibility shown by the global nuclear fleet tell a very positive story.”