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Affiliation(s)

1. School of Business Technology and Engineering, National University, San Diego 92110, California, USA
2. Ageno School of Business, Golden Gate University, San Francisco 94105, California, USA

ABSTRACT

As the world faces increasing energy demands and concerns about climate change, nuclear power is experiencing a resurgence as a viable and sustainable energy source. This article explores the strategic initiatives concerning the advancement of nuclear technologies, highlighting the prompt adoption of SMRs (small modular reactors), the ongoing advancements in Generation IV reactors in the medium term, and the long-term aspirations linked to nuclear fusion. SMRs offer enhanced safety, economic viability, and flexible deployment alternatives, making them an attractive solution for meeting pressing energy demands. In the medium term, Generation IV reactors are anticipated to improve efficiency, sustainability, and safety, effectively tackling the challenges associated with conventional fission reactors. However, significant challenges lie ahead, including public perception, regulatory hurdles, financial barriers, and the need for a skilled workforce. By addressing these challenges, nuclear power can play a pivotal role in creating a sustainable and reliable energy future, contributing significantly to global efforts in climate change mitigation.

KEYWORDS

Nuclear power, SMRs, Generation IV reactors, nuclear fusion, sustainability, climate change, energy demand, public perception, regulatory framework, workforce development.

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