IEA / Nuclear Power Supply Will Reach Its Highest Levels In 2026, Says 2024 Electricity Report

Agency warns that construction risk is largest hurdle for financing of new reactors

Nuclear Power Supply Will Reach Its Highest Levels In 2026, Says 2024 Electricity Report

Global nuclear generation will be 2,959 TWh in 2026, the highest level since International Energy Agency records began in 1972, the Paris-based agency has predicted.

China and Russia are the technology providers for 70% of the reactors currently under construction, according to the Paris-based agency’s Electricity 2024 report from 24 January.

“The rapid growth of renewables and a steady expansion of nuclear power are together on course to match all the increase in global electricity demand over the next three years,” said IEA executive director Fatih Birol, in a statement accompanying the report.

Global electricity demand increased by 2.2% in 2023, and is expected to reach about 3.4% from 2024 to 2026, according to the IEA data.

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