The widely supported goal of tripling nuclear capacity by 2050 wholly depends on a massive ramp up in the global nuclear supply chain. With building capability and capacity a fundamental requirement, a new forum aims to help the industry realise the opportunity.
The nuclear industry is experiencing significant growth – governments and private industries around the world are seeking clean, reliable and economical energy solutions to meet climate and security goals in response to the ever-increasing demand for electricity.
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The goal to triple global nuclear energy capacity by 2050 is supported by 31 countries, along with more than 140 nuclear industry companies through an accompanying industry pledge. During New York Climate Week 2024, 14 of the world’s largest financial institutions supported this goal, and at the CERAWeek conference in 2025, major companies including Google, Amazon, Meta and Dow signed a large energy users pledge endorsing the same goal.
Today, there are 65 reactors under construction around the world and well over 400 proposed reactor units at various degrees of project maturity and planning, totalling some 500GWe (gigawatt electrical), making a major contribution to achieving the tripling goal.
However, to achieve a tripling of global nuclear capacity, a significant increase in the global nuclear supply chain capability and capacity is paramount. It cannot be emphasised enough that a well-functioning international nuclear supply chain will be required.
The future of nuclear energy offers vast potential, with multiple avenues for growth. This growth presents unprecedented opportunities for the entire nuclear value chain.
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By GlobalDataIt is no surprise that some leading nuclear suppliers are already announcing plans to expand their manufacturing facilities to be ready for the wave of projects on the horizon. Examples of this include BWXT in Canada announcing the expansion of manufacturing plants to support the global nuclear power market, while Holtec International in collaboration with Hyundai E&C is targeting a 10GW small modular reactor fleet in the US.
The expansion extends to reactor technology vendors, engineering and construction companies, equipment manufacturers, material suppliers and professional services organizations. Similarly, companies involved in reactor construction and deployment, fuel services, operations and maintenance, and waste management will see their roles expand as new reactors come online.
Mobilising stakeholders to strengthen and scale the global nuclear supply chain
Achieving the goal of tripling nuclear capacity means that existing and new nuclear projects will need to be expanded, and it is the supply chain that is going to have to produce the products, services, skills and innovation for this to be realised.
Recognising this and to support growing policy momentum to expand the use of nuclear energy globally, WNA has launched a new international platform to help develop the supply chain to capitalise on growing opportunities and build future success in nuclear project deployment.
Key stakeholders, policymakers and industry players from across the world will gather in Warsaw, Poland, on 20–21 May for the World Nuclear Association’s (WNA) World Nuclear Supply Chain Conference (WNSC) 2025. The conference will cover the full nuclear life cycle from structures, systems, components and services to development, construction, operation and decommissioning.
The event is supported by the Polish Ministry of Industry and will feature speakers from Adani, EDF, Fortum, GE Hitachi, the International Atomic Energy Agency and Westinghouse, among many others.
Power Technology will be there too, with editor-in-chief Jackie Park available for interviews on the ground. Contact her at jackie.park@globaldata.com to arrange timings and discuss topics before the event.
To learn more about the WNSC 2025, click here.
If you have not done so already, you can register for the event here.
