Maintaining a reliable electricity supply is crucial. Nuclear energy’s ability to produce electricity with lower carbon emissions, as compared to that of fossil fuels, has been the driving force of the market. Additionally, it provides long-term certainty over electricity costs. Nuclear energy provides about 10% of the world’s electricity, so nuclear reactors have a key role. The spread of the novel coronavirus has required dramatic action to be taken in all aspects of life worldwide. Reactor operators have taken steps to protect their workforce and have implemented business continuity plans to ensure the continuing function of key aspects of their operations. Owing to ever-increasing industrialization and urbanization, the energy demand is mounting globally. The global nuclear power market is expected to grow at a CAGR of approximately 2% during the forecast period of 2020 – 2025. Additionally, due to the techno-economic benefits of nuclear reactor technology, the demand for nuclear energy for various applications is expected to increase over the forecast period.
Nuclear technology has been widely used for generating electricity. However, beyond power generation, nuclear technologies have medical applications that will help combat Covid-19. The International Atomic Energy Agency (IAEA) provides diagnostic kits, equipment, and training in nuclear-derived detection techniques to countries asking for assistance. Other uses include seawater desalination, hydrogen production and process heating for cement or glass manufacturing industries where nuclear energy is adopted instead of fossil fuels for harnessing thermal energy.
As more countries start adopting nuclear energy as the viable option for energy production and other industrial processes, they need to identify a nuclear energy solution provider that ensures maximum efficiency and safety. To help choose the solutions that best fit your requirements, Energy Tech Review has compiled this edition. The enlisted companies are leaders in the market that provide huge offerings in the nuclear energy space. Besides, the magazine also comprises advice, insights, and thought leadership from industry experts for aspiring CIOs and CXOs.
We present to you Energy Tech Review’s “Top 10 Nuclear Energy Solution Providers - 2021.”