EU’s Simson calls for ‘gearshift’ in nuclear power investments

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  1. Speech by Simson touched on both SMRs and Fusion. The EU has clear and defined ambitions on nuclear. She says they hope to first Fusion reactor will become operational in 2035.

    *the European Union should stand strongly behind the development of innovation and research.*

    *Small Modular Reactors are a great example. Global interest in these technologies is on the rise. In Europe, industry is responding to this emerging demand with several EU designs already under development.*

    *We are providing backing with our EU research and innovation framework programme – Horizon Europe.*

    *This support is only part of the puzzle. If we want to successfully deploy SMRs, we need to establish the supply chain to sustain it. I know that many of you in the audience today are the technological champions who will be vital links in that chain.*

    *Because we are aware of the European potential in SMRs, we are supporting initiatives like the European SMR Partnership. This is a way to work with everyone involved, industry, researchers, customers and national authorities to develop the best regulatory approaches possible for SMR licencing. Next year can be an important year to turn a vision into a concrete Partnership.*

    *We should also continue to support global collaboration on disruptive innovations.*

    *Here, I am talking about nuclear fusion technologies. Of course, I have to mention ITER.*

    *As an international endeavour, it is unique, a first of its kind. A joint project to build the world’s largest fusion machine. France’s contribution to this global undertaking has been crucial, as hosts and as providers of knowhow and resources.*

    *During my visit to the site, in Cadarache, a few months ago it was good to see the project advancing – I know that we hope to start the full fusion power operation in 2035.*

  2. Is it just me, or does every single article about some EU official’s statement have a picture of them with the EU star ring behind them? Every single one of them.

  3. Can’t move away from Russian-sourced energy fast enough

    What a shame Merkel and some big German industrialists thought Nord Stream 2 would be so good for them— but not so much for the rest of us. Time to put a stop to this madness

  4. > “Extending their lifetime, safely, requires between €45-50 billion,” Simson remarked. “And to keep roughly the same nuclear generation capacity as today more than ten member states are planning about €400 billion in investments for new capacity installed by 2050,” she added.

    > This is why “the cost of financing will play a key role in making nuclear energy production possible and competitive,” Simson continued, referring to the EU’s green finance taxonomy.

    This is only roughly 15 billion € per year, can‘t we finance this conventionally?

  5. We will not save the planet with uranium mining, processing, burning and taking care of the waste for millennia.

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