Global Nuclear Power Capacity to Increase 2.5x by 2050: IAEA

The IAEA forecasts a 2.5-fold increase in global nuclear power capacity by 2050, highlighting the growing push for nuclear energy as a clean, sustainable source.

On September 16, it was reported that the International Atomic Energy Agency (IAEA) began its 68th General Conference in Vienna, Austria, which will run until the 20th.

On the first day, the IAEA released its report titled “Energy, Power and Nuclear Energy Forecast to 2050,” raising its nuclear power outlook for the fourth consecutive year.

The IAEA predicts that in a high-case scenario, global nuclear power capacity could increase 2.5 times by 2050 compared to current levels, aligning with the global push to accelerate the deployment of nuclear energy.

IAEA Director General Rafael Grossi highlighted that the momentum for nuclear energy development worldwide remains strong. The IAEA’s latest forecast underscores the growing recognition of nuclear power as a clean and safe energy source. There is also increasing interest in small modular reactors, which have the potential for both power and non-power applications, contributing to climate goals and sustainable development.

The IAEA’s forecast considers the potential for life extensions and power increases in existing reactors, along with planned shutdowns and new construction projects in the coming decades. Approximately 30 countries are currently exploring or advancing plans to incorporate nuclear power into their energy mix, while others are expanding and extending the operation of existing nuclear facilities.

According to public records, on October 23, 1957, representatives from 56 countries met at the Vienna Concert Hall for the first IAEA General Conference. Today, the IAEA has 178 member states, whose representatives convene annually at the General Conference to discuss the agency’s plans, budgets, and issues raised by the Board of Governors, the Director-General, or member states.

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Global Nuclear Power Capacity to Increase 2.5x by 2050: IAEA

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