WEMO 2025 (complet) - Flipbook - Page 21
W E M O 202 5
O U T LO O K
Other renewables
Hydroelectricity
Will nuclear energy contribute
enough to greenhouse gas
reduction objectives?
In the US, Vogtle Unit 4 became operational and in France,
Flamanville 3, was connected to the grid in late 2024144.
Both projects experienced big delays and cost overruns145 ,
highlighting Western nuclear project challenges.
In 2024, global nuclear energy output rose 2.6%.
The nuclear renaissance
This led to a total of 2,671 TWh from 2,602 TWh in 2023, , driven
by new reactors in China137, India, Slovakia138, and the U.S.
Nuclear Energy
Japanese utilities restarted two additional reactors in 2024139
and in France, following the repairs of the stress corrosion
problems, nuclear output rose by 13%.140
Oil
Nuclear global electricity share held at 9%, with 440 reactors
in 32 countries delivering 400 GW, 65 large reactors were
under construction, and over 80 Small Modular Reactors (SMR)
designs were in development141. Asia led with 32 reactors under
construction in China, 9 in India and 3 in South Korea.
Natural Gas
Coal
136Visual Capitalist: Chart: What Powered the World in 2024? https://www.visualcapitalist.com/
what-powered-the-world-in-2024
137https://world-nuclear.org/information-library/country-profiles/countries-a-f/
china-nuclear-power
138https://world-nuclear.org/information-library/country-profiles/countries-o-s/
slovakia#:~:text= On%2031%20January%202023%20Mochovce,March%202025%20hot%20
testing%20began.
139https://www.eia.gov/todayinenergy/detail.php?id=64204
140https://www.reuters.com/business/energy/
french-nuclear-giant-edf-lifts-production-forecast-2025-beyond-2025-01-31/
Let’s recall that sanctions related to the Ukraine invasion by
Russia don’t apply to nuclear power. Thus Rosatom142(fully owned
by the Russian government) maintained its dominant position
in the reactors’ export market. In 2024, Russia was involved in
over a third of the world's new reactor constructions143, including
projects in China, India, Türkiye and Egypt.
141https://world-nuclear.org/our-association/publications/global-trends-reports/
world-nuclear-performance-report-2024
142https://www.knightsbridgesg.com/post/
assessing-russia-s-nuclear-export-diplomacy-in-the-context-of-its-geopolitical-rivalries-september
143https://partnershipforglobalsecurity.org/russian-international-nuclear-energy-expansion/
144https://sfeninenglish.org/historic-moment-flamanville-epr-connected-to-the-national-grid/
• In Europe146 there is a renewed interest in nuclear power
to have a low carbon, reliable energy source to meet
climate and energy security goals. This second goal
became even more important in Europe after the 2022
energy crisis linked to the Russian invasion of Ukraine.
Within this trend, the EU Nuclear Alliance147 was
formed in 2024 with 14 member states, to mobilize
the relevant economic players on these goals
Let’s note a positive development: the new German
government has ended its country's long-standing and
scienti昀椀cally unjusti昀椀ed148 opposition to nuclear power at
the EU level. It 昀椀nally agreed to treat nuclear energy as a
low carbon technology on par with renewables.
145https://thirdact.org/georgia/2024/06/09/plant-vogtle-the-true-cost-of-nuclear-power-in-theu-s/#:~:text=Vogtle%20Units%203%20%26%204%20took,the%20projected%20timeline%20
and%20cost.
146https://www.spglobal.com/en/research-insights/special-reports/
is-europe-ready-for-a-nuclear-renaissance
147https://www.world-nuclear-news.org/articles/european-business-nuclear-alliance-launched
148
See WEMO 2024 https://www.capgemini.com/wp-content/uploads/2024/10/World-EnergyMarkets-Observatory-2024_26th-Edition.pdf and WEMO 2023 https://prod.ucwe.capgemini.com/
wp-content/uploads/2023/11/Capgemini_WEMO_2023-report.pdf outlooks
WEMO 2025
Global Energy Supply by type in 2024 ( Exajoules)136
20
FIGURE 8
