Despite the urgent need for low-carbon baseload power, Western countries like the US and Europe struggle to build new nuclear power plants efficiently. While China has made significant progress, completing over 34 gigawatts of new nuclear power in just ten years, the US and Europe have seen delays and budget overruns. Factors hindering progress include poor project management, lack of collaboration, complex designs, and insufficient supply chains. To align with energy transition goals, Western project owners need to enhance their capabilities and address these issues effectively.
The need for nuclear energy is great, yet Western countries struggle to build new plants due to project management issues, immature designs, and weak supply chains.
China has managed to build more than 34 gigawatts of nuclear power in ten years, showcasing efficiency that starkly contrasts with the delays in the US and Europe.
To meet energy transition goals, Western countries must enhance their project management capabilities and improve collaboration among stakeholders in nuclear plant construction.
Recent efforts in countries like China and the UAE demonstrate that nuclear plants can be completed in a timely and efficient manner, unlike prolonged projects in the West.
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