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Europe’s electrification target needs 50GW of new nuclear capacity

The European Commission wants electricity to cover 46% of final energy by 2040. That will be extremely difficult without nuclear providing 25–30% of generation. On that basis, Europe would need roughly 60 new large-reactor or SMR projects to enter planning and development over the next four years, writes Kalev Kallemets, CEO of Estonian SMR developer Fermi Energia.

September 10 2026

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