Global nuclear energy capacity resurgence

The International Atomic Energy Agency (IAEA) projects that global nuclear energy capacity could triple by 2060, potentially increasing from 377 GW in 2025 to 1,284 GW under a high-growth scenario. This expansion is driven by rising electricity demand from industrial growth, electric vehicles, and AI data centers, as well as a need for energy security. Much of this growth is expected to occur in Central and Eastern Europe and Central and Eastern Asia.

While uranium resources are sufficient to support these plans, a potential bottleneck exists due to the long timelines required to convert resources into usable fuel.

This resurgence marks a shift from previous periods of hesitation following historical accidents. Nations such as Italy, Japan, and Serbia are reconsidering nuclear policies, while the European Commission has acknowledged that past abandonment of nuclear power increased reliance on imported fossil fuels. Additionally, countries like Vietnam are reaffirming commitments to developing atomic energy for peaceful purposes and sustainable socio-economic development through 2050.