The world faces a dual challenge of reducing emissions in the power sector while also providing the abundant energy needed for prosperity for everyone. Advanced nuclear may offer scalable, zero-carbon power, yet this new technology faces considerable resistance and skepticism.
Advanced nuclear designs being developed around the world may be highly suitable for applications in frontier and emerging markets. As this technology evolves and comes to market, it may be especially useful in helping to meet development, environmental, and security goals.
The Hub aims to create an information-rich environment for decision-making around the potential for new nuclear power designs and their applicability in markets with fast-growing energy demand.
- Report2022 Advanced Nuclear Map: Charting a Breakout YearSince 2015, Third Way has been tracking the evolution and growth of advanced nuclear innovation projects in the US and Canada.Learn More
- MemoWhere should the DFC look for future nuclear deals?The US Development Finance Corporation (DFC) lifted its ban on supporting nuclear power projects abroad in July 2020. Advanced nuclear power is often viewed as “too far away” for development finance institutions to consider, but in just 18 months the DFC has publicly signaled support for two bids by US firms: South Africa will open a RFP for a 2500MW nuclear expansion in March 2022.Learn More
- MemoCould micro-nuclear reactors power microgrids in emerging markets?Source: An artist rendering of the 1.5MW Oklo Aurora powerhouse (Image: Gensler) Microgrids are increasingly deployed to expand energy access in energy-poor countries, and even in remote areas of high-income countries.Learn More
- MemoWho in ASEAN is Ready for Nuclear Power?Demand for electricity across the Association of South-East Asian Nations (ASEAN) will triple by 2050. Nuclear power is a potential source of clean power to drive industrialization and growing incomes, especially with new smaller, safer, and more flexible designs expected to come to the market over the next decade.Learn More