China Will Overtake US In Nuclear Power Within 10 Years
China is set to overtake the U.S. as the country with the most nuclear power by 2026, according to a study by analytics firm BMI Research.
The study found that China will triple the amount of nuclear power it generates by 2026. The country plans to do this by spending $570 billion building more than 60 nuclear power plants over the next decade, causing worry among energy experts that the U.S. could be left behind on nuclear power.
“We expect growth to continue and China to emerge as one of the largest nuclear markets globally in terms of total installed capacity over the coming decade, as the huge pipeline of reactors that are planned, proposed or under construction gradually comes online,” Georgina Hayden, head of energy research at BMI, told Bloomberg. “Furthermore, by expanding its own domestic nuclear sector, the country will develop the expertise to export nuclear capabilities and nuclear technology abroad.”
China intends to bring 58 gigawatts of nuclear generating capacity into operation by 2020, up from the current capacity of roughly 27 gigawatts, according to World Nuclear News.