European Commission President Ursula von der Leyen on Tuesday termed the reduction in the share of nuclear energy as a "strategic mistake" for Europe while announced a 200 million euros guarantee by the European Union(EU) to support private investment in innovative nuclear technologies such as Small Modular Reactors (SMRs).
Speaking at the second Nuclear Energy Summit in Paris, Von der Leyen said that Europe's electricity prices are structurally too high, and that the current Middle East crisis is a stark reminder of the continent's vulnerability as a fossil fuel importer.
The EU will launch a new strategy for SMRs, with hopes of having them operational by the early 2030s. These reactors are designed to work alongside traditional nuclear facilities, contributing to a flexible, safe, and efficient energy system, she said.
SMRs represent an innovative nuclear technology, typically smaller in design and output compared to traditional reactors. Their modular production allows for shorter construction times and potential cost reductions.
The second Nuclear Energy Summit on Tuesday drew participation from over 60 countries, including heads of state, government leaders, senior representatives and leaders of international organizations. The summit aimed to address issues related to civil nuclear energy at the global multilateral level and highlight the positive role of its development.
EU chief terms reducing nuclear power as 'strategic mistake' at Paris summit
