Governments need to “invest urgently” in a combination of nuclear, renewables, energy storage, combined cycle gas turbines with carbon capture, and hydrogen as part of the effort to transition to a carbon-free future and help countries achieve energy security, a white paper by GE says.
The paper calls for financing frameworks that facilitate access to capital for new and existing nuclear plants. It says a licensing process should be in place that enables safe operations and does not cause unnecessary cost increases or delay.
The paper calls for financing frameworks that facilitate access to capital for new and existing nuclear plants. It says a licensing process should be in place that enables safe operations and does not cause unnecessary cost increases or delay.
According to GE nuclear power is the largest source of carbon-free electricity generation and should continue to be a pillar in the energy transition to a carbon-free future and in helping countries achieve energy security.
GE has built more than 65 reactors in 10 countries. Its steam turbine technology operates in 50% of the world’s nuclear plants.
