Historic Reactor Market Patterns Sample Clauses

Historic Reactor Market Patterns. The reactor construction market has been driven by four historic themes prior to 2000. These themes are briefly discussed here and also shown in Figure 1. Note that projects finished after 2010 and current projects in progress are not shown, so these graphs do not show current market conditions. This information is presented in more detail and with additional examples in Appendix A-3. 1. Worsening Construction Performance and Waning Public Support – A number of western countries stopped developing their nuclear power programs in the ~1980-1990 timeframe due to the interrelated issues of construction delays and cost overruns, declining public support, and safety concerns, as well as slowed or uncertain growth in electricity demand (see Figure 1a). While reactor operators also achieved significantly improved operational performance over the same period, this did not seem to alter public opinion. Some countries are phasing or have phased out their programs (Germany, Italy), while others have paused or intended to cancel their programs with inconsistent policy directions (Spain, Sweden, Belgium, Switzerland). In yet others countries the “nuclear renaissance” resulted in limited new construction (France, U.S. and potentially the UK).
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Historic Reactor Market Patterns. The reactor construction market has been driven by four historic themes. These historic themes are important in understanding current market behaviors and the drivers behind shifts in market leadership.
Historic Reactor Market Patterns. ‌ 1. Worsening Construction Performance and Waning Public Support – A number of western countries stopped developing their nuclear power programs in the ~1980-1990 timeframe due to the interrelated issues of construction delays and cost overruns, declining public support, and safety concerns, as well as slowed or uncertain growth in electricity demand (see Figure 1a). While reactor operators also achieved significantly improved operational performance over the same period, this did not seem to alter public opinion. Some countries are phasing or have phased out their programs (Germany, Italy), while others have paused or intended to cancel their programs with inconsistent policy directions (Spain, Sweden, Belgium, Switzerland). In yet others countries the “nuclear renaissance” resulted in limited new construction (France, U.S. and potentially the UK).

Related to Historic Reactor Market Patterns

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