Post-Fukushima performance of the major global nuclear technology providers

Fukushima nuclear disaster has negatively affected the attitude towards nuclear energy worldwide and has provoked certain policy responses. That is why today nuclear industry seems to be in trouble, primarily in the West: both AREVA and Westinghouse found themselves facing bankruptcy. On the contrar...

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Bibliographic Details
Published in:Energy strategy reviews 2018-08, Vol.21, p.98-110
Main Authors: Minin, Nikita, Vlček, Tomáš
Format: Article
Language:English
Subjects:
AREVA
Comparative analysis
Fukushima
Rosatom State Nuclear Energy Corporation
Westinghouse
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Summary:Fukushima nuclear disaster has negatively affected the attitude towards nuclear energy worldwide and has provoked certain policy responses. That is why today nuclear industry seems to be in trouble, primarily in the West: both AREVA and Westinghouse found themselves facing bankruptcy. On the contrary, Russian Rosatom has improved its performance in the recent years, aiming at settling down on the leading positions in the realm. Hence, the other nuclear companies could learn by example and focus more on what works in the industry: implementing a robust development strategy and scaling up. Losing momentum might have serious consequences such as considerable re-distribution of market shares or even dominance of one nuclear technology over the others in the long-run. •Both AREVA and Westinghouse are in crisis post-Fukushima, struggling for survival.•Rosatom outperforms its main competitors and demonstrates consistent growth.•Scaling up, attracting new customers and strategic planning work well in the realm.•Rosatom is most likely to corner the global nuclear market.•Rosatom's competitors should act promptly and learn by example.
ISSN:2211-467X
2211-467X
DOI:10.1016/j.esr.2018.05.006