China Will Dominate Global Nuclear Energy Through 2035, Analyst Says
The future of nuclear energy is in China’s hands. While the United States remains the world’s largest producer of nuclear energy, China’s sector is growing at such a rapid clip that it is expected to overtake France as well as the United States to become the world’s leading nuclear power producer within the next decade. In addition to this rapid expansion of traditional nuclear power capacity,…
China is poised to dominate global nuclear energy production through 2035, according to Damien Ma, an energy lead analyst for Gavekal Technologies. The country's nuclear sector is expanding rapidly, with China adding 34 gigawatts of capacity over the past decade, compared to the United States' single new plant. The Chinese government aims to establish the most advanced nuclear power sector in the world, incorporating innovative reactor designs and fuel technologies.
China's efficiency in building nuclear plants - in about six years compared to over a decade for US reactors - is a key factor in its lead. China's latest five-year plan emphasizes nuclear energy's role in achieving technological innovation and global engagement, including novel reactor designs like in-reactor thorium breeding and dual PWR-HTGR plants.
The country is also developing supercritical CO2 gas reactors and establishing a vertically integrated advanced nuclear ecosystem. China's HTGRs, capable of producing energy at high temperatures for industrial use, will be shared with the world through a new deal with the International Atomic Energy Agency.
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