• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 3 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 2 days How Far Have We Really Gotten With Alternative Energy
  • 3 hours The United States produced more crude oil than any nation, at any time.
  • 4 days Bad news for e-cars keeps coming
Green Hydrogen Hype Gets Dose of Reality

Green Hydrogen Hype Gets Dose of Reality

As hydrogen plans become more…

What’s Next for Copper Markets?

What’s Next for Copper Markets?

Copper prices have experienced significant…

Zainab Calcuttawala

Zainab Calcuttawala

Zainab Calcuttawala is an American journalist based in Morocco. She completed her undergraduate coursework at the University of Texas at Austin (Hook’em) and reports on…

More Info

IEA Says China to Exceed U.S. Nuclear Output “Soon”

China will exceed U.S. nuclear power production “soon” due to recent initiatives taken by Beijing to accelerate adoption of the alternative fuel source, according to an International Energy Agency official.

The Asian nation’s total capacity may also surpass that of the European Union, IEA executive director Fatih Birol told reporters during International Petroleum Week in London.

“China is coming back strong. Today there are about 60 nuclear power plants under construction and more than one-third of them are in China. China is growing and as a result of that we’ll soon see China overtaking the United States as the number 1 nuclear power in the world,” Birol said at the conference.

Output in Europe, particularly in France, a major European nuclear investor, has dropped over the past few years. The lack of roadmap for future facilities in the U.S. is causing a similar effect in North American nuclear markets. “If it continues like that, the US nuclear capacity will go from 20% [of overall power supply] to 7%,” Birol stated.

“I can tell you that what is happening is the same story as we’ve seen in solar. [China] is learning by doing, bringing costs down and therefore [they] are now ready to export [their] technology and are much more cost-effective than others. And [they] challenge the established exporters such as the U.S., Japan, Korea and European countries,” he added.

In the last 20 years, the U.S. has seen only one new nuclear reactor that is functional, constructed by a government entity – the Tennessee Valley Authority. Further, the Nuclear Regulatory Commission shows that there are only four reactors currently under construction in the entire country. Two would be at the Alvin W. Vogtle station in Georgia, and two at the Virgil C. Summer plant in South Carolina.

By Zainab Calcuttawala for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News