Will more nuclear power plants be built after the disasters in Fukushima?

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As videos about the Tepco's Fukushima nuclear power plant disasters hits the BBC headlines*, will more nuclear plants be built? This is a question the analysts at NRG Expert, the energy market research company have been asking themselves.

Power Generation

NRG Expert’s analysts have reviewed the planned, existing and scheduled power plants in each country.

NRG Expert’s analysts have reviewed the planned, existing and scheduled power plants in each country to help companies, governments, scientists and the public understand future power generation plans for each country. After many months of research, the energy analysts have released a Database providing a listing of Global Electric Power Generation Projects proposed, under construction or awaiting commissioning. This not only outlines the planned nuclear power plants for the future but also looks at all types of planned power plants.

While it is no means uncommon that a project is announced as starting or already started and for it then to be delayed for some years while unforeseen problems are resolved, it does give a good indication of planned power plants.

The energy analysts at NRG Expert have also been studying the wider factors affecting the global Nuclear Market looking at the market drivers and the key components for future growth and development and much more.

The Nuclear Market - Market Research Highlights

  • NRG Experts energy analysts have identified a clear East-West divide. Asian giants are focusing on new build to meet supply shortages while countries in Europe and North America are opting to upgrade existing nuclear facilities and extend their lifetime. As this is often cheaper and more acceptable to public opinion.
  • As there has been limited new build in the West over the past ten years, South Korea and China are starting to gain a strong hold in the domestic and international nuclear market. Both countries are reportedly producing reactors at lower cost, to schedule and in a short time frame.
  • Although for both the East and West, it appears the speed of growth will largely depend upon the consequence of the March 11th 2011 earthquake in Japan, in terms of the actual damage caused to the reactors and residents in the vicinity, and to public opinion on nuclear power.

Nuclear Plant Upgrades – Key Market Research Highlights:

  • In the short-term in Western countries, NRG Expert expects the focus to be on plant upgrades, rather than new build, particularly when upgrades are no longer economic. Often new build plants are smaller, and consequently are cheaper to build.
  • By contrast, in the East and Russia, while some upgrading of existing nuclear plant facilities will take place, the building of new nuclear power plants appears to be continuing at pace, despite the Fukushima nuclear power plant disaster. The local manufacturing requirement in many of these countries will mean that only western companies with international links or desirable licensed technologies will secure contracts.

Where do I find market research on this topic?

NRG Expert provides a comprehensive overview and analysis of the global Nuclear Market. It looks at the market drivers and the key components for future growth and development and much more. NRG Expert’s energy analysts have also created an energy database providing a listing of Global Electric Power Generation Projects proposed, under construction or awaiting commissioning. NRG Expert can provide a by country/fuel overview of global generating capacity, its evolution and power forecasts.

To find out more, click here to review these market research reports:

>> Nuclear Power Report – statistics and data
>> New Global Power Generation Projects Database Edition 2012 – statistics and data
>> Power Generator Database and Market Intelligence 2012- statistics and data

Contact:
Edgar van der Meer
NRG Expert
Toronto +1 (416) 840-5847
London +44 (0)20 8432 3059
edgarv(at)NRGExpert(dot)com
http://www.NRGExpert.com

Background information

NRG Expert is a London and Toronto based energy intelligence and market research publisher. NRG Expert provides up to date information and analysis on worldwide energy markets, including nuclear power research, power generation market research reports, a Global Electric Power Generation Plants database, energy market analysis, market forecasts & consulting. Visit http://www.nrgexpert.com for further information.

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Statistics and data sourced from NRG Expert’s energy reports : Nuclear Power Report, New Global Power Generation Projects Database , Power Generator Database and Market Intelligence 2012

Fukushima Information Source: BBC Aug 2012

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Edgar van der Meer
NRG Expert
+1 (416) 840-5847
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