Nuclear power expansion plans highlight fuel bottlenecks

Nuclear energy shuffled into the spotlight in December with a declaration at COP28 in Dubai to triple its capacity by 2050. The declaration lauded the role of nuclear energy in achieving global net-zero greenhouse gas emissions by 2050.

Yet many industry watchers doubt this ambitious move can be achieved. Not enough new reactors are being built. Meanwhile, the supply of fuel for nuclear reactors is complicated by a reliance on Russia at various points in the supply chain.