Nuclear Power Output Seen Slowing Post-Record 2024 Due to Investment Gaps

Reuters reports that a record year for global nuclear power production in 2024 is unlikely to be sustained. According to the World Nuclear Industry Status Report, future growth faces multiple hurdles, making it difficult to maintain the momentum from 2024's peak output in subsequent years. The report identifies several significant challenges beyond insufficient investment. These include the risks associated with aging plant fleets, sluggish construction timelines, and frequent project disruptions. Furthermore, the industry contends with rising costs and strong competition from more cost-effective renewable energy sources and battery storage solutions, which are attracting substantially greater investment. The analysis suggests that without marked improvements in project delivery and economic viability, nuclear power's share of global electricity generation is likely to decrease.