Are You Seizing the Growth Potential of Nuclear Power?

Frost & Sullivan’s Energy webinar series delved into the topic, ‘How is Nuclear Power Industry changing in the future?’ Led by industry experts, the session highlighted the megatrends in the nuclear industry, including technological advancements, key growth regions, and global challenges.

The panel included John Raspin, Growth Expert, Partner, and Director at Frost & Sullivan; Jonathan Robinson, Growth Expert and VP of Research at Frost & Sullivan; and Manoj Shankar, Growth Expert and Senior Research Analyst at Frost & Sullivan.

Note: Gain valuable perspectives from these industry experts by clicking here to access the recorded session of the webinar.

• Diversifying Nuclear Technology Adoption: The global nuclear industry is diversifying into conventional nuclear power, small modular reactors (SMRs), and next-generation fusion technologies, driven by the need to enhance energy security, achieve decarbonization goals, and advance technology.

Is your organization leveraging disruptive nuclear technologies to achieve energy security and sustainability objectives?

• Advancing Nuclear Power Amid Regional Shifts: In China, nuclear power is expanding to reduce coal reliance and enhance energy security post-Ukraine. Simultaneously, Eastern Europe is prioritizing nuclear to replace aging coal plants, advancing towards cleaner energy amidst geopolitical concerns.

How does your organization navigate geopolitical chaos and leverage strategic regional partnerships to advance nuclear power?

• Harnessing Government Support for Gigawatt-Plus Plants: Securing government support is essential for traditional gigawatt-plus plants and SMRs. Overcoming cost hurdles and delays demands robust assurances to incentivize private sector engagement and ensure successful deployment.

Are you adopting best practices to harness government support and drive growth in gigawatt-plus plants and SMRs?

• Exploring Nuclear Fusion’s Long-Term Potential: Nuclear fusion remains a high-risk, high-reward technology with significant international collaboration and investment. Despite optimism from some quarters, widespread deployment within the next two decades remains uncertain due to technological challenges and high costs.

What investment strategies are you employing to capitalize on nuclear fusion’s long-term growth potential?

“Private entities in the nuclear power space are carefully considering the implications of past reactor challenges in Europe. Effective risk-sharing between private sectors and governments is crucial to facilitate successful new projects.”

– Jonathan RobinsonGrowth Expert and VP of Research, at Frost & Sullivan.