Despite all the obituaries, last year’s stats show the nuclear renaissance is alive and kicking—and keeping pace with wind and solar. Here’s how to keep it going.
Last year the success of wind and solar power made headlines as installations of new turbines and PV panels soared. Meanwhile, “nuclear is dead” think pieces mushroomed in the press as old plants closed and new projects floundered in delays and cost over-runs.
But while the “rise of renewables” is indeed reason to celebrate, the “death of nuclear” storyline has been greatly exaggerated. Far from being moribund, in 2015 the global nuclear sector quietly had its best year in decades. New reactors came on line that will generate as much low-carbon electricity as last year’s crops of new wind turbines or solar panels. The cost of building those reactors was less than one third the cost of building the wind turbines and solar panels, and typical construction times were under 6 years. The conventional wisdom that nuclear projects must be decade-long, budget-busting melodramas proved starkly wrong last year. In crucial respects the nuclear renaissance has hit its stride and is making a fundamental contribution to decarbonization—one that will accelerate if the industry gets recognition and support for what it is doing right.