With this strong conviction, ENGIE intends to remain as a major player in this industry and its strategy rests on 2 major priorities:
- Operating its nuclear power stations in Belgium
ENGIE Electrabel operates 7 nuclear reactors in Belgium: 4 in Doel and 3 in Tihange. Today, the Group plans to operate these seven reactors until 2024-2025. It is prepared to extend the operation of some or all of these plants beyond that date, in compliance with the highest safety standards, if the technical, economic and legal conditions allow this.
- Developing its service activities
In addition to its substantial experience as an operator, ENGIE can also rely on its many engineering and nuclear service subsidiaries. It can provide its expertise not only to existing nuclear plants (in the areas of maintenance and extending operational lifetime), but also to planned new nuclear power stations, as well as in the decommissioning and radioactive waste management markets.
To support these 2 strategic priorities, ENGIE conducts a proactive approach in terms of nuclear safety and skills and talent management with a concern for continuous improvement. In addition, ENGIE develops partnerships with major companies active in the nuclear industry and pursues Research and Innovation activities.
The role of nuclear power in the energy transition
Nuclear energy contributes significantly to the energy transition, in countries which have made the choice, and to the objectives of the COP21 for a reduction of greenhouse gas emissions:
- Nuclear energy is a proven, reliable technology which produces a large amount of relative adaptable electricity with a high rate of availability, while generating little CO2.
- It contributes to energy independence for a country through uranium procurement stability, the limited amount of fuel required for energy production and low exposure to the price of raw materials compared to fossil fuels. Once the power plant is built and operational, it can be an economically profitable solution with its predictable and stable costs.
- Existing nuclear installations, particularly in Europe, contribute to a low carbon, diversified energy mix, advantageously supplementing renewable energy sources.