World now has five times more PV than nuclear power
- Admin
- Sep 18, 2024
- 4 min read
The World Nuclear Industry Status Report (WNISR) 2024 highlights the growth of solar power surpassing nuclear energy in installed capacity. The report reveals trends in nuclear production, reactor construction, and closures globally. It emphasizes the dominance of China and Russia in nuclear development and the increasing challenge faced by nuclear power from solar, wind, and battery storage. The report also discusses the potential role of small modular reactors (SMRs) in the future energy market and underscores the competitive cost advantage of solar-plus-storage over nuclear and gas peaking plants.
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