Together Towards New Nuclear - Key Takeaways

On 18 November 2024, KPMG, and the Belgian Nuclear Forum, held an event to explore the potential for adopting new nuclear energy in Belgium. The session, entitled “Together Towards New Nuclear”, saw over 100 notable players of the Belgian industry and energy supply chain sectors - including local and European politicians, and many other key stakeholders - come together to debate this important topic. The critical question of how to finance new nuclear projects in Belgium was also addressed.

As demand for electricity is projected to rise significantly in the coming years, the large turnout highlights the growing magnitude of this issue for Belgium’s energy landscape. Nuclear energy offers a solution to both the need for a low-carbon energy transition and the demand for a stable base load to power industries, factories, and data centers, ensuring continuous operation.

Several noteworthy companies such as Ontario Power Generation and newcleo showcased their advanced capabilities, signaling the potential for meaningful collaborations to deploy their innovative solutions in Belgium. Collaboration among government bodies, the nuclear supply chain, industry players, and safety authorities emerged as a key factor in advancing nuclear projects. While the need to establish a comprehensive legal, financial, and regulatory framework to support the successful development and deployment of new nuclear energy initiatives was seen as essential.

A major takeaway from the event is that nuclear energy will play a pivotal role in securing Belgium's energy future, delivering a reliable, low-carbon power source at competitive prices.

Discover more in our press release.