China Is Close to Reaching Energy Self-Sufficiency. It Just Solidified Its Dominance in the Nuclear Sector With 10 New Reactors

Supported by three state-owned companies and a unique financing model, China is on a path that could transform it into a leading exporter of nuclear power.

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alba-otero

Alba Otero

Writer
  • Adapted by:

  • Alba Mora

alba-otero

Alba Otero

Writer

“Observe, listen, and reflect” is my journalistic mantra. This philosophy guides me daily and ensures I produce quality journalism. My restlessness has led me explore new areas, such as sustainability and the energy transition, which are crucial to our future. In addition, I’ve also dabbled in street photography, an art that allows me to capture the essence of journalism in action.

30 publications by Alba Otero
alba-mora

Alba Mora

Writer

An established tech journalist, I entered the world of consumer tech by chance in 2018. In my writing and translating career, I've also covered a diverse range of topics, including entertainment, travel, science, and the economy.

530 publications by Alba Mora

The trade war between the U.S. and China hasn’t prompted the Asian giant to make rushed decisions. On the contrary, China continues to pursue very long-term plans, including a significant push in the oil sector. In its quest for energy self-sufficiency, the country is also making substantial advancements in the nuclear energy sector.

Recent developments. China approved the construction of 10 new nuclear reactors with an investment exceeding $27.5 billion, according to state-owned Chinese outlet The Paper. This marks the fourth consecutive year that the Asian nation has approved large-scale nuclear initiatives.

Renewed momentum. Three state-owned companies will lead China’s nuclear ambitions: China General Nuclear Power Corp., China National Nuclear Corp., and State Power Investment Corp. Additionally, according to state-owned China Daily, Chinese authorities have strengthened control measures to ensure that each new reactor meets the safety standards set by the International Atomic Energy Agency.

State investment. China’s strategy is closely linked to optimizing construction and operational costs. Its state apparatus provides loans at low interest rates. This support has been crucial for the success of nuclear projects, according to The Paper.

Looking ahead. Bloomberg reports that China’s operational nuclear capacity could reach 110 million kilowatts by 2030, surpassing that of any other country. If this growth continues, its nuclear fleet could approach 200 gigawatts by 2040. This would account for about 10% of China’s total energy production.

Expansion. China’s nuclear growth is a strategic move in a global shift towards cleaner energy sources. The country wants to position itself as an exporter of nuclear technology, including its domestically designed Hualong One reactor. If this trend solidifies, China could emerge as a geopolitical leader in the new energy landscape. As a result, it would leverage its industrial capabilities, state financing, and energy diplomacy to challenge Western dominance.

Image | Yue Teng

Related | China and Russia Have an Ambitious Plan: Building a Nuclear Power Plant on the Moon by 2028

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