America Is Falling Behind China and Russia on Energy Innovation
By Juzel Lloyd, April 28, 2025
The world is witnessing a new kind of global race—not for authority in space but for control over the global nuclear energy market. Nuclear power had long been considered risky owing to major accidents and budget overruns, hampering its large-scale adoption. But within the past decade, nuclear energy has been making a comeback thanks to the development of small modular reactors. China and Russia are seizing the lead, expanding their domestic capacities as well as exporting nuclear technology and constructing nuclear power plants across a variety of emerging economies.
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