Global nuclear plant life extensions to decrease sixfold by 2025

Global nuclear plant life extensions to decrease sixfold by 2025

The capacity of nuclear power plants starting plant life extension (PLEX) programs will decrease from an estimated 18.1 GW in 2015 to 2.9 GW by 2025, according to a report from GlobalData.
The latest report, “Plant Life Extension (PLEX) for Nuclear Power, Update 2015 – Global Market Size, Competitive Landscape and Key Country Analysis to 2025,” says the global PLEX market value will decrease from $7.5 billion in 2015 to $2.6 billion by 2025, though it is expected to increase to $8.6 billion in 2016. Plant operators started 26 PLEX projects in 2010 and 24 in 2011, but that number is anticipated to continue its decrease due to public opinion following the 2011 Fukushima accident.
The overall trend toward renewable energy means the global PLEX market will remain negative to 2025, said GlobalData’s Senior Analyst covering Power Harshavardhan Reddy Nagatham.
“This will be most notable in Europe, where the capacity of NPPs starting PLEX operations is expected to drop almost sevenfold from approximately 8.3 GW this year to 1.2 GW by the end of 2025,” Nagatham reported.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Making DDoS Mitigation Part of Your Incident Response Plan: Critical Steps and Best Practices

Like a new virulent strain of flu, the impact of a distributed denial of service (DDoS) attack is...

The Multi-Tax Challenge of Managing Excise Tax and Sales Tax

To be able to accurately calculate multiple tax types, companies must be prepared to continually ...

Operational Analytics in the Power Industry

Cloud computing, smart grids, and other technologies are changing transmission and distribution. ...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...