2024 Map of the Global Market for Advanced Nuclear: Future Demand is Bigger Than Ever
- Third Way and the Energy for Growth Hub are releasing the latest update to its map of the global market for advanced nuclear, tracking both readiness of country markets for advanced nuclear and projected energy needs out to 2050.
- Since 2020, we've seen steady progress in international demand and readiness for nuclear energy, with the market potentially tripling by midcentury.
- New developments (e.g., artificial intelligence) that are just emerging may increase this market demand even further. Although long-term projections remain uncertain, global demand for advanced nuclear is poised to grow well beyond current expectations.
- For these reasons, the United States must establish a coordinated federal strategy on exports, complete advanced nuclear demonstrations, and provide enhanced tools to export financing agencies so that the US can effectively compete in a potentially massive market that has myriad implications for its national interests.Â
