The Future of Nuclear Power Generation

Abstract

Electrical power is a resource humans heavily rely on, and it has become a basic human need. Today, the major sources of electricity generation are fossil fuels, renewable energy, and nuclear power. This paper concentrates on electricity generated through nuclear power and compares it to the other electricity generation technologies. The objective behind this paper is to discover the impact that nuclear power has on the total electricity generated in Canada, and in addition on a global scale. The paper presents the current role that nuclear power plays in the global electricity generation, and also the expansions that need to be made in the nuclear power industry to fulfill the future electrical power demands. A number of projections have been made based on the current rate of nuclear reactors being put into operation, which is approximately 4 reactors per year, and current term of reactor operation, which is 45 years. These projections were made for the nuclear power in the world. A major outcome of this analysis projects that between 2030 and 2035, the number of operating nuclear reactors in the world can drop by 50%. If this dangerous trend is not addressed, we can lose a viable, and reliable source of energy. The datasets that were analyzed during the process were taken from multiple open literature sources such as journals, reports, and online databases. The paper presents a comparison between nuclear power and other energy sources, and the positive impact nuclear power can have on the world if needed advancements were made in building new nuclear power plants.