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Nuclear Energy Trend
Get the latest insights on price movement and trend analysis of Nuclear Energy in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Nuclear Energy Trend for the Second Half of 2022
Outlook towards nuclear energy was still uncertain because of the risks and measures associated with the production facilities, but the havoc caused by the Russia-Ukraine war which abruptly ended the energy supplies pushed countries towards rethinking their nuclear policies. Electricity bills soared across the globe, especially in Europe. The third quarter of the year was particularly difficult with record hikes in energy prices.
In countermeasures the inflation reduction act passed in the US parliament in August 2022, supported the movement towards cleaner fuels, supporting nuclear energy initiatives by countries like South Korea. A total of 10% of electricity in 2022 came from nuclear energy sources. The USA changed its domestic policies to support lifetime extensions for ageing nuclear plants. Japan also approved restarting its nuclear plants. Hence, all these factors positively contributed towards the price trend of nuclear energy.
According to Procurement Resource, the nuclear energy sector is expected to grow further in the coming years. As the world moves towards renewables, nuclear energy has its strong footing, which is only projected to rise further, thereby impacting the prices.
Nuclear Energy Trend For the First Half of 2022
Nuclear power remains an expensive, conflict-prone, and hazardous form of energy that still doesn’t fit in the classic system of renewables. However, the soaring fuel prices and need for clean energy have caused governments around the world to look at nuclear energy programs in a new light.
The global energy supply crunch caused by the Russian limiting its supply to Europe, unprecedented crude oil prices, port congestions and export restrictions have caused the price trend for nuclear energy to swell.
The prices in the market inclined due to the constant threat and safety issues at the Russian-occupied Zaporizhzhia nuclear plant and around 32 reactors in France were shut down due to corrosion issues. Hence, these supply shortages reverberated throughout the world. The trade disruptions caused the costs of material, activity, and engineering to rise, thereby causing the price of nuclear energy to the expensive side.
Procurement Resource provides latest prices of Nuclear Energy. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
Nuclear energy refers to the utilisation of nuclear reactions that release nuclear energy to generate heat. Heat generated in the process is further utilised in steam turbines in order to generate electricity in a nuclear power plant. Presently, most of the electricity from nuclear power is generated by nuclear fission of uranium and plutonium.
|Radioactive fuel, Powerplants, Generating electricity
|The Hanbit Nuclear Power Plant, Bruce Power, Zaporizhzhya Nuclear power plant, Korea Hydro & Nuclear Power Co. Ltd (KHNP)
|Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
|US$ (Data can also be provided in local currency)
|Supplier Database Availability
|The report can be customized as per the requirements of the customer
|Post-Sale Analyst Support
|360-degree analyst support after report delivery
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Nuclear energy originates from the splitting of uranium atoms. This process is widely known as nuclear fission. This generates heat to produce steam, that is utilised by a turbine generator to generate electricity.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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Phone:+1 307 363 1045
Phone: +91 1203185500
Phone: +44 7537 132103