Nuclear energy is inevitable

4/17/24 9:45 AM
Security of supply, affordable energy and sustainability were the main topics of the Business Talks '24 round table discussion, at which the Paks II. project was represented by Chairman-CEO Gergely Jákli. The event, held at the House of Music Hungary, emphasized that if electricity needs to be produced in the forecasted extreme weather conditions, then the stable and reliable nuclear energy is unavoidable.

– The issues of security of supply, affordability and sustainability are the three dimensions that must prevail in the energy sector today – said Daniella Deli , Deputy State Secretary responsible for climate policy at the Ministry of Energy, at the Business Talks '24 round table discussion. Gergely Jákli, Chairman-CEO of Paks II., Ferenc Fernezelyi, commercial and marketing director of Veolia Energia Magyarország Zrt., and Péter Gordos, corporate relations director of MOL Plc., who spoke about the fact that today we use three times as much energy as fifty years ago, took part in the discussion entitled „Energy vision, regulatory changes” alongside the Deputy State Secretary. – This is a global challenge. Energy consumption will continue to increase, so the question remains, how the energy will be provided, as eighty percent of the energy used today comes from fossil energy sources. The green transition must serve climate protection goals and security of supply – Péter Gordos said.

Responding to this, Gergely Jákli highlighted that in connection with the Davos World Economic Forum, according to the Global Risk Report, the expected extreme weather conditions should be considered as medium and long-term risks. – If the people of the future will have to produce electricity in an efficient, safe, cheap and sustainable way in extreme weather conditions, then nuclear energy is inevitable. It would be good if they didn't think about nuclear energy only when there is an energy crisis – he pointed out.

Gergely Jákli also mentioned that the Paks II. project is also worthy of attention from an economic point of view, if only because of the supplier possibilities. – Many countries are planning nuclear projects, if we only look at the neighbouring countries, there will be a life time extension and a new build project in Slovakia, procurement is in progress in the Czech Republic, which has already been completed in Poland, SMR reactors are being planned in Romania, and a life time extension project is also being prepared in Slovenia. The number of nuclear projects will multiply in the European Union, but the supply chain is limited. Hence the company that obtains all the qualifications necessary to become a supplier in Paks II. will find itself in a demand market – emphasized the Chairman-CEO.