Over 10 years ago, a disaster in Japan cast a shadow on the future for nuclear energy and the uranium used to fuel it, but efforts across the globe to reduce...
Over 10 years ago, a disaster in Japan cast a shadow on the future for nuclear energy and the uranium used to fuel it, but efforts across the globe to reduce carbon emissions have revived interest in the power source.
— Jonathan Hinze, UxC, LLC A major earthquake in March 2011 generated a tsunami that disabled the Fukushima Daiichi Nuclear Power Plant, leading to the world’s worst nuclear disaster in a quarter-century.“After Fukushima, some believed the industry would go into a free fall, with many existing reactors closing and no new reactors built,” says Hinze.
Hinze says there are “clear signs that China’s government and leading nuclear companies are committing to large scale nuclear expansion following the release of the country’s 14th Five Year Plan,” and UxC expects China to surpass U.S. nuclear capacity before the year 2030.
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