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Supporting nuclear innovation at COP26 event
04 November 2021 Global NewsUrenco’s CEO, Boris Schucht, will speak today at the International Atomic Energy Agency’s (IAEA) COP26 event ‘Nuclear Innovation for a Net Zero World’.
The event aims to create conversations between government and industry on the complementary role of nuclear power and renewables in the transition towards a carbon-neutral future, and how international cooperation is needed to enable this transition to net zero, through advances in technology, but also financing mechanisms, and global policy frameworks.
Our CEO, Boris Schucht, will present findings from a recent study that Urenco commissioned which was carried out by Aurora Energy Research “Decarbonising Hydrogen in a Net Zero Economy”, and highlight how innovations in nuclear can support low-cost and low-carbon hydrogen production.
Boris will say: “Aurora’s models show that deploying renewables and nuclear for power and hydrogen production can facilitate rapid decarbonisation and reduced reliance on fossil fuels. Combining hydrogen and nuclear also leads to competitive costs and using heat and electricity together from a nuclear power plant for hydrogen production provides a clear cost advantage.
“To capitalise on these opportunities, we need supportive policy decisions and a new financing model for nuclear. This will enable industry to focus on the development of high temperature reactors as an option for the next generation of reactors, which can produce heat and electricity for hydrogen and can reach a new level of inherent nuclear safety.”
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About Urenco
Urenco is an international supplier of uranium enrichment services, fuel cycle products and related solutions with sustainability at the core of our business. Operating in a pivotal area of the nuclear fuel supply chain for over 50 years, Urenco understands the importance of energy security and facilitates the reliable delivery of low carbon electricity generation for consumers around the world.
With its head office in London, UK, Urenco’s global presence ensures diversity and security of supply for customers through enrichment facilities in Germany, the Netherlands, the UK and the USA. Through our technology and the expertise of our people, the Urenco Group provides safe, cost effective and reliable services, operating within a framework of high environmental, social and governance standards, complementing international safeguards.
Urenco is making a positive contribution to global climate change goals through our core business and we are committed to achieving net zero carbon emissions by 2040.
We are committed to continued investment in the responsible management of nuclear materials; innovation activities with clear sustainability benefits, such as nuclear medicine, industrial efficiency and research; and nurturing the next generation of scientists and engineers.
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