The Role and Prospects of Nuclear Energy as a Key Tool for Achieving Net-Zero
By Hongjoon Park
Professor, Dongguk University
▶️ South Korea's Nuclear Market Expansion: South Korea's selection as the preferred bidder for nuclear power plants in the Czech Republic highlights its efforts to penetrate the European nuclear energy market. Advanced APR1000 reactors meeting European standards enhance its competitive edge, with potential for further exports to other European nations.
▶️ Nuclear Energy's Role in Net-Zero Goals: Nuclear power is emerging as a critical tool for achieving carbon neutrality due to its low emissions and cost-effectiveness compared to renewable energy sources. The global push for CF100 (Carbon-Free 100%) reflects a shift from renewable-only strategies, addressing limitations like energy storage costs and intermittency.
▶️ Emergence of Small Modular Reactors (SMRs): SMRs are gaining traction as versatile and safer alternatives to large-scale reactors, suitable for weak grid areas, lower investment costs, and diverse applications, including process heat and hydrogen production. The private sector's involvement, exemplified by companies like Microsoft and Amazon, is driving innovation and investment in SMR technology.
