Friday, February 20, 2026

Latest

Belgium Pivots to Embrace Nuclear Power Revival

Belgium has gone from planning to phase out nuclear energy to extending the lifetimes of aging reactors and pushing for greater European nuclear self-sufficiency. This “180-degree turn” was driven by the dual pressures of meeting emissions targets and reducing reliance on Russian energy imports.

At the recent International Atomic Energy Agency (IAEA) Nuclear Energy Summit in Brussels, Belgian Prime Minister Alexander De Croo was among the most vocal proponents for a nuclear renaissance across the European Union. He stated bluntly that the bloc must “disconnect from Russian nuclear fuel” supplies while still being able to produce zero-emission electricity through domestic sources.

Just a few months ago, Belgium had been on track to shutter two nuclear reactors by 2025 as part of a long-standing policy to eliminate nuclear power. However, in December the government decided to extend the operating lives of those two plants until 2035. De Croo went even further, suggesting they could run for up to 20 additional years.

This pivot aligns Belgium with a growing pro-nuclear movement across Europe and other allies like the United States, Canada, and the UK. At the UN’s COP28 climate conference last year, two dozen countries pledged to triple nuclear generation capacity by 2050 as a key strategy for reducing carbon emissions.

However, Belgium and its EU partners face major challenges in truly divorcing from Russian nuclear services and materials. Russia currently supplies around 30% of the enriched uranium used by EU nuclear plants. Developing sufficient domestic enrichment capabilities will require massive investment that has been lacking.

De Croo acknowledged the nuclear industry “has quite some promises to deliver on” when it comes to costs, skills shortages and project delays. But he maintained the nuclear option is essential for meeting climate goals, declaring the Brussels summit was of “nuclear fanboys” but rather took “quite a nuanced” view.


Information for this story was found via The Financial Times, and the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Eldorado Gold: The $3.8 Billion Foran Mining Acquisition

Silver Tiger’s $2.35B Silver Blueprint: Two Mines, One Perfect Metals Market

Gold Is At Records. Barrick Mining Is Printing Cash. The Stock Still Fell. | Q4 Earnings

Recommended

First Majestic Q4 2025: Record Revenue, Earnings, Annual Silver Output

Canadian Copper Plans 2,500 Metre Drill Program For 2026

Related News

Game-Changer: Finnish Nuclear Plant Sparks 75% Drop in Electricity Prices

The Olkiluoto 3 (OL3) nuclear power plant in Finland has only been fully operational since...

Wednesday, May 17, 2023, 01:48:47 PM

New Survey Finds More Americans Are Now Pro-Nuclear Power

A new survey by the Pew Research Center finds that a majority of Americans (57%)...

Thursday, August 24, 2023, 02:10:00 PM

Too Game-Changing? Finnish Nuclear Plant Limits Output As Electricity Becomes Too Cheap

The newly-operational Olkiluoto 3 (OL3) nuclear power plant in Finland has been forced to throttle...

Friday, May 26, 2023, 12:02:00 PM

China Greenlights Record 11 Nuclear Reactors in Major Energy Push

China has approved the construction of 11 new nuclear reactors across five different sites. This...

Tuesday, August 20, 2024, 08:03:30 AM

Westinghouse and Aecon Forge $20 Billion Nuclear Partnership in Canada

In a groundbreaking move, Westinghouse Electric Company has announced a $20 billion partnership with Aecon...

Saturday, December 21, 2024, 07:27:00 AM