Russia's ability to keep signing nuclear contracts in the midst of massive sanctions over its illegal invasion of Ukraine is a complicated story.
“… there is no better guest than Boris Schucht, CEO of Urenco, to have an open debate on the pod. The Urenco Group is a British-German-Dutch nuclear fuel consortium operating several uranium enrichment-plants in Germany, the Netherlands, United States, and United Kingdom. It supplies nuclear power stations in about 15 countries, and has a 29% share of the global market for enrichment services in 2011.
In the case of some legacy contracts, it would be deeply disruptive to change firms in mid-construction, so , albeit with some changes in how things are organized it seems. Business conditions have changed, and Rosatom is in a weaker bargaining position now, as Russia is clearly a rogue state, some alternatives exist and the like.not nearly as successful as its wind and solarThe AP1000 was supposed to save the nuclear industry with a simpler, standardized design. The Summer and Vogtle debacles, with billions and years of overruns, made that pretty clearly not a solution.
France’s EDF went big on its European pressurized reactor design, and buyers including France in Flamanville, Finland, and Europe with the Hinkley site, have seen billions and years of overruns as well.Russia’s reactors have an ‘advantage’ over the new designs which have not lived up to expectations. Their designs are decades old, and they’ve been built a bunch of times. They don’t pretend to be anything new, they assert that they are bog standard, proven, nuclear steam kettles.
The next thing to realize is that nuclear power plant acquisitions and contracting takes years. Long before a shovel hits the ground, there are interminable previous steps. The contracts signed this year are the result of potentially a decade or more of pre-work. When we talk about how long nuclear power plant construction takes, we typically ignore the years or decades that pre-date the start of construction. That’s true for other technologies as well. Pumped hydro has a long lead time.
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