The International Energy Agency (IEA) has predicted that electricity consumption from data centers, artificial intelligence, and cryptocurrencies is set to double by 2026. This presents a new market opportunity for advanced nuclear technologies, according to Mr. Grossi. In order to make nuclear energy fit for purpose in the evolving energy landscape, the IEA is exploring collaborations with companies in the technology sector that are interested in nuclear as a solution for their clean energy needs.
During the World Energy Congress, the IAEA participated in several side events alongside organizations like the Asian Development Bank and the China National Nuclear Corporation. These events brought together industry experts and stakeholders to explore opportunities and challenges in the nuclear sector. One of these events saw the Netherlands highlight its commitment to expanding its nuclear reactor fleet alongside renewable energy sources. Martijn Schut, Director for Nuclear Energy at the Ministry of Economic Affairs and Climate Policy in the Netherlands, emphasized his country’s dedication to environmental sustainability and economic viability through a comprehensive approach to nuclear and renewable energy development.