Nuclear power enhances Europe’s energy security and the sector should be expanded with support from a variety of fuel suppliers. According to an in-depth study of European energy security, issued by the European Commission in July, some 131 reactors operate in 14 EU countries providing a reliable source for 27% of electricity consumed in the EU.
The study, which was published to accompany a Communication on energy security issued by the Commission in May, notes that, although 95% of uranium is imported, and conversion and enrichment are carried out globally, there is a wide spread of suppliers for these as well as a high level of European equity in these enterprises, which ensures security of supply. In addition, the Euratom Supply Agency exists to guarantee a reliable supply of uranium for EU needs.
Commenting on the Energy Security Strategy Yves Brachet, president for Europe, the Middle East and Africa at nuclear concern Westinghouse said: “As a reliable base-load supply of emission-free electricity, nuclear power plants in the EU contribute significantly to our energy security. Given that the technology, the components, and the fuel needed for the reactors are all produced in the EU, nuclear energy clearly is an indigenous European energy source. Having been involved in the development of the European nuclear industry since the 1950s we are glad to see that the European Commission recognizes the importance of the sector.”
However, the Energy Security Strategy notes that "an overall diversified portfolio of fuel supply is needed for all plant operators." In a press release issued to coincide with the publication of the Strategy, the EC suggested that, when it comes to new reactors, "the possibility of fuel diversification needs to be a condition for any new investment," adding that the Euratom Supply Agency could be in charge of ensuring this.
For more information:
http://europa.eu/rapid/press-release_MEMO-14-379_en.htm
For the European Energy Security Strategy, see