May 2024

It trails China and the US in areas such as manufacturing of clean technologies thanks to a mix of burdensome regulations and higher energy prices. Electricity prices in the EU are typically twice to three times higher than in the US.

China has the world’s largest nuclear fleet and aims to produce 10% of its electricity from nuclear power by 2035 and 18% by 2060 to enhance energy security and advance decarbonisation goals.

"This is something that is not binding. Obviously, we are aware that in the G7 there is a country that currently does not want to pursue the development of nuclear energy."

Decarbonization is synonymous with the energy transition.

However, the Department of Energy (DOE) may waive the ban if it determines that "no alternative viable source of low-enriched uranium is available to sustain the continued operation of a nuclear reactor or a US nuclear energy company" or that importation of uranium is in the national interest.

At its core, a Digital Twin is not merely a simulation but a dynamic digital replica intricately entwined with real-world phenomena.