Energy
The Energy Markets in Flux: Looking Back on 2014
The Energy Markets in Flux: Looking Back on 2014
Last year, so much changed in the energy market that it takes a bit of extra time to digest it all.
The oil price crashed, but as we showed in last week’s Chart of the Week, even that was not able to stop the glut that is currently being experienced in the United States.
Geopolitical events involving Ukraine and the Middle East prominently affected energy as well. Russia flexed muscles by halting exports of natural gas to Ukraine in June 2014 over a debt dispute. Though exports resumed in December, Ukraine is now buying over 60% of gas from European suppliers like Poland and Slovakia.
The price of thermal coal also continued its decline. Though this is a less followed story than oil, it has big repercussions on countries that use coal as a big part of their energy mix. Meanwhile, wind energy was the second most added energy type in terms of capacity behind natural gas. Many European nations now have a big piece of their energy mix covered by wind: Denmark (39%), Spain (23%), UK (9%), Germany (8%) and Italy (6%).
Want to know how much solar, wind, oil, gas, or nuclear energy it takes to power a major city for a year? Check out our Powering New York slideshow.
Original graphics from: ICIS
Energy
The World’s Biggest Nuclear Energy Producers
China has grown its nuclear capacity over the last decade, now ranking second on the list of top nuclear energy producers.
The World’s Biggest Nuclear Energy Producers
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Scientists in South Korea recently broke a record in a nuclear fusion experiment. For 48 seconds, they sustained a temperature seven times that of the sun’s core.
But generating commercially viable energy from nuclear fusion still remains more science fiction than reality. Meanwhile, its more reliable sibling, nuclear fission, has been powering our world for many decades.
In this graphic, we visualized the top producers of nuclear energy by their share of the global total, measured in terawatt hours (TWh). Data for this was sourced from the Nuclear Energy Institute, last updated in August 2022.
Which Country Generates the Most Nuclear Energy?
Nuclear energy production in the U.S. is more than twice the amount produced by China (ranked second) and France (ranked third) put together. In total, the U.S. accounts for nearly 30% of global nuclear energy output.
However, nuclear power only accounts for one-fifth of America’s electricity supply. This is in contrast to France, which generates 60% of its electricity from nuclear plants.
Rank | Country | Nuclear Energy Produced (TWh) | % of Total |
---|---|---|---|
1 | 🇺🇸 U.S. | 772 | 29% |
2 | 🇨🇳 China | 383 | 14% |
3 | 🇫🇷 France | 363 | 14% |
4 | 🇷🇺 Russia | 208 | 8% |
5 | 🇰🇷 South Korea | 150 | 6% |
6 | 🇨🇦 Canada | 87 | 3% |
7 | 🇺🇦 Ukraine | 81 | 3% |
8 | 🇩🇪 Germany | 65 | 2% |
9 | 🇯🇵 Japan | 61 | 2% |
10 | 🇪🇸 Spain | 54 | 2% |
11 | 🇸🇪 Sweden | 51 | 2% |
12 | 🇧🇪 Belgium | 48 | 2% |
13 | 🇬🇧 UK | 42 | 2% |
14 | 🇮🇳 India | 40 | 2% |
15 | 🇨🇿 Czech Republic | 29 | 1% |
N/A | 🌐 Other | 219 | 8% |
N/A | 🌍 Total | 2,653 | 100% |
Another highlight is how China has rapidly grown its nuclear energy capabilities in the last decade. Between 2016 and 2021, for example, it increased its share of global nuclear energy output from less than 10% to more than 14%, overtaking France for second place.
On the opposite end, the UK’s share has slipped to 2% over the same time period.
Meanwhile, Ukraine has heavily relied on nuclear energy to power its grid. In March 2022, it lost access to its key Zaporizhzhia Nuclear Power Station after Russian forces wrested control of the facility. With six 1,000 MW reactors, the plant is one of the largest in Europe. It is currently not producing any power, and has been the site of recent drone attacks.
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