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Nuclear industry must seize current ‘momentum’ says Urenco CEO
25 April 2023 Global NewsUrenco Chief Executive Officer Boris Schucht stressed the importance of delivery, as he spoke during the opening panel event at the World Nuclear Fuel Cycle conference.
Taking part in the executive panel on April 19 at The Hague, Boris emphasised that three drivers had put the nuclear energy industry back in train: climate change, security of supply, and momentum.
He highlighted examples of that momentum, including the Netherlands looking to build two new power plants, Poland’s plan for six, and the US planning to extend its nuclear capacity to 200GW.
Boris said: “This momentum covers…the continued operation of the existing fleet, the deployment of the ongoing and new-build projects with existing nuclear technology, as well as deployment of the next generation of reactors.”
But he added that the industry had to step up to seize the momentum.
Boris said: “We should not forget momentum needs to be fuelled. It needs success stories otherwise there is a risk that it stops fast.
“We as an industry have to use this momentum by delivering and by showing progress in our projects and our learning curves.
“We have good stories: Barakah in the United Arab Emirates. And the Finish reactor is finally online - congratulations. But this will be the biggest challenge for us and the industry. We have to deliver to fuel the momentum.”
On the same day, Urenco sponsored and hosted a Special event at the art museum Kunstmuseum Den Haag for delegates.
During his opening remarks, Managing Director of Urenco Nederland, Ad Louter, said the industry could take inspiration from the open mindedness and courage of artists whose work was housed in the famous museum, such as Piet Mondrian. This would help it deliver energy security and come up with sustainable solutions to challenges around net zero, for example.
Then on April 20, Head of Sales at Urenco, Kirk Schnoebelen, told a Market Dynamics panel how Environment, Social and Governance (ESG) values were driving change in nuclear, with customers more prepared to be selective with whom they do business. The conflict in Ukraine had been one factor in this regard.
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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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