Nuclear energy and power were previously considered in the context of a commodity that could be bought, sold, and traded on the global market. However, the Russian invasion of Ukraine has accelerated the attention and focus on developing nuclear energy solutions around the world to meet energy needs, as it represents a significant security value addition. Developing regions are now looking towards power expansion solutions, and nuclear energy technologies have come to the forefront of many developing regions’ strategy planning. This brings opportunities and challenges, as there is new larger demand for nuclear, but many of these developing economies lack the resources to work with the USA and may opt for Russian and Chinese suppliers instead. The US has been able to exclude Russia and China from certain markets, and they have been able to make agreements in countries like Romania and Poland. However, in some countries like the Czech Republic, the US has not made it to the final round of bids. Additionally in Poland, Bechtel did not win the EPC contract, and it instead went to Hyundai. This shows that we may begin to see collaborative project delivery teams such as US/Korea cooperation for projects, and this is what the customers may request moving forward.
