Given the pledges at COP28, the international nuclear industry is expecting a wide influx of new nuclear capacity globally. However, a barrier to this wide nuclear deployment is international regulations. In order for a design to be deployed in 3 different countries, four licenses may be required from the vendor country and the three customer countries. This will add significant cost and time to the deployment of nuclear technologies amidst a global marketplace dominated by Russia and China’s exports that may be able to circumvent the regulatory hurdles that the US and its allies face. Thus, opportunities remain for the US and its allies to find regulatory harmonization to enable to widespread deployment of new nuclear capacity.
