A new report from Guidehouse Insights provides an overview of the background of nuclear power, describes the current state of nuclear technologies, and offers a prelude of technology developments.
The resurgence of interest in nuclear energy and innovations is driving public and private interest in new solutions designed to harness the power of low carbon nuclear power. Four key market drivers are expected to help pave the way for these innovations to achieve commercialization and increased nuclear power generation. According to a new report from Guidehouse Insights, the drivers include supportive policy and regulations, innovative technology, sustainable resources, and the persistence and growth of public-private partnerships (PPPs).
“The nuclear industry continues to represent potential for use and viability as reactor technologies advance, safety protocols evolve, and more efficient modularity options become common,” says Pritil Gunjan, principal research analyst with Guidehouse Insights. “However, despite this continued growth, the industry still faces challenges regarding long-term viability, and it requires help from various industry stakeholders.”
Moving forward with advanced nuclear technology means the industry must overcome several key challenges. These include the substantial costs associated with the development and construction of first-of-a-kind advance nuclear reactors; the pace of technology, where proof of concept is outpacing rapid adoption; the knowledge gap in operations and maintenance; regulatory and oversight frameworks that are not conducive to quick deployments; and public skepticism in light of historical events.
The report, Advanced Nuclear Reactors Drive a Rebirth for Nuclear Power, provides an overview of the background of nuclear power, describes the current state of nuclear technologies, and offers a prelude of technology developments. It discusses how the industry can collectively support the continued and rapid advancement of nuclear technologies to lead to a breakthrough in the use of safer, more efficient nuclear technology in the future. An executive summary of the report is available for free download on the Guidehouse Insights website.
About Guidehouse Insights
Guidehouse Insights, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today’s rapidly changing and highly regulated industries. Our insights are built on in-depth analysis of global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Insights can be found at www.guidehouseinsights.com.
Guidehouse is a leading global provider of consulting services to the public and commercial markets with broad capabilities in management, technology, and risk consulting. We help clients address their toughest challenges and navigate significant regulatory pressures with a focus on transformational change, business resiliency, and technology-driven innovation. Across a range of advisory, consulting, outsourcing, and digital services, we create scalable, innovative solutions that prepare our clients for future growth and success. The company has more than 10,000 professionals in over 50 locations globally. Guidehouse is a Veritas Capital portfolio company, led by seasoned professionals with proven and diverse expertise in traditional and emerging technologies, markets, and agenda-setting issues driving national and global economies. For more information, please visit: www.guidehouse.com.
* The information contained in this press release concerning the report, Advanced Nuclear Reactors Drive a Rebirth for Nuclear Power, is a summary and reflects the current expectations of Guidehouse Insights based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.