Nuclear energy: Where China is getting with small modular and fusion reactors

On Oct. 13 of this year, the PRC state media outlet CPNN, reported that China is pulling ahead in advanced nuclear power technology development with the launch of the large-scale production “Hualong One” (also known as HPR1000). As it develops, China not only aims to tackle the transmission bottleneck in the south, but also to export to countries like Pakistan as the PRC’s “business card” to the world.

China’s dual goals of localization and export orientation have long defined its nuclear strategy. Led by state-owned giants such as the China National Nuclear Corporation (CNNC), Beijing has invested heavily in domestic innovation while aggressively expanding into overseas markets. Beijing has sought to expand its reactor sales to markets such as Argentina and the United Kingdom, while also securing control over upstream uranium resources. CNNC’s 2019 acquisition of Namibia’s Rössing Uranium Mine, one of the world’s largest open-pit uranium operations, underscored China’s growing dominance across the nuclear value.

Beijing’s policy support for state-owned enterprises has enabled it to build a vertically integrated nuclear industry, driving rapid advances in small modular reactors (SMRs), fourth-generation technologies, and nuclear fusion research (the Artificial Sun). Furthermore, intensifying US–China competition is reshaping global nuclear exports and deepening the geopolitical risks of dependence on Chinese nuclear systems.

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Are small modular reactors the solution to growing energy and climate problems?

Download study: Small Modular Reactors: The Next Phase for Nuclear Power in the Indo-Pacific?

By David Santoro and Carl Baker

David Santoro (david@pacforum.org) and Carl Baker (carl@pacforum.org) are respectively President/CEO and Senior Advisor at the Pacific Forum. Follow David Santoro on Twitter @DavidSantoro1.

The increasingly dominant view in the energy expert community is that nuclear power has a role to play in achieving the 17 “sustainable devaelopment goals” identified by the United Nations General Assembly in 2015 (and intended to be reached by 2030). There has thus been rising interest in nuclear power development in several parts of the world, especially in the Indo-Pacific, where growth is the strongest.

This renewed interest comes not long after the failed “nuclear renaissance” of the 2000s. That renaissance never materialized primarily because the devastating accidents at Japan’s Fukushima Daiichi Nuclear Power Plant in 2011 led many countries to reconsider their nuclear power ambitions. Now, however, national energy and climate objectives are again driving these same countries to put the nuclear option back on the table. This interest has only grown in the wake of Russia’s invasion of Ukraine, the subsequent efforts to choke off Russian natural gas and oil exports, and the resulting increase in global prices for fossil fuels. Tiếp tục đọc Are small modular reactors the solution to growing energy and climate problems?