Decarbonization of Industry: The Future Role of Nuclear Energy

October 22, 2020 | State of the Market Report

Nuclear energy holds vast promise for low-emission power production, but faces existential challenges from alternative energy sources, decommissioning and safety concerns, and poor project construction outcomes. A new generation of reactor designs promises to solve the industry’s woes and expand nuclear energy’s market beyond simply power production. However, Lux’s analysis finds the future of nuclear will remain firmly tied to government financial support and the power sector, with little to suggest nuclear will find a new home in directly decarbonizing industry. Yet, as electrification grows across transportation and industry and renewable power capacity expands in the 2030s and beyond, nuclear may garner revitalized interest. Whether the industry can overcome its own barriers and those of politics and public opinion to meet this potential interest remain critical, if unanswered questions.

Coverage Area

  • Owning the Energy Transition

Table of Contents

  • Title page
  • Executive Summary
  • State of Nuclear Power Generation
  • Overview of Advanced Nuclear Technologies
  • Identifying Advanced Nuclear Use Cases
  • Outlook
  • Appendix

Lead Analyst

Benjamin Torda
Research Associate

Contributors

About Lux Research

Lux Research is a leading provider of tech-enabled research and advisory solutions, helping clients drive growth through technology innovation. A pioneer in the research industry, Lux uniquely combines technical expertise and business insights with a proprietary intelligence platform, using advanced analytics and data science to surface true leading indicators. With quality data derived from primary research, fact-based analysis, and opinions that challenge traditional thinking, Lux clients are empowered to make more informed decisions today to ensure future success.

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