1、 As our premier thought leadership product,Citi GPS is designed to help readers navigate the most demanding challenges and greatest opportunities of the 21st century.We access the best elements of our global conversations with senior Citi professionals,academics,and corporate leaders to anticipate t

2、hemes and trends in todays fast-changing and interconnected world.This is not a research report and does not constitute advice on investments or a solicitations to buy or sell any financial instruments.For more information on Citi GPS,please visit our website at OF NUCLEAR ENERGY IN A LOW-CARBON ENV

3、IRONMENT Fission and Fusion Advanced Reactors to Prevail Advanced fission,including small modular reactors(SMRs)and advanced reactors(ARs),as well as fusion,are set to shape the future of nuclear energy,sealing its role in the Energy Transition era as a dispatchable,low-carbon source of electricity.

4、With an overwhelming number of positive developments in the nuclear energy industry in the last five years,we expect advanced fission reactors to be commercialized soon around the world.Meanwhile,reactors based on fusion energy will most likely be commercialized in the middle to end of the next deca

5、de,with a number of successful private firms navigating the space.Citi GPS:Global Perspectives&SolutionsCiti GPS:Global Perspectives&Solutions July 2023 Citi GPS:Citi GPS:Global Perspectives&Solutions July 2023 Citi Global Strategy&Macro Group Arkady Gevorkyan Global Commodity Strategist Citi Resear

6、ch +1-212-723-1051| Edward L Morse Global Head of Commodities Strategy Citi Research +1-212-723-3871| Anthony Yuen Head of Pan-Asia Commodities Strategy Citi Research +852-2501-2731| Citi Banking,Capital Markets&Advisory(BCMA)Keith Tuffley Vice-Chairman,Global Co-Head,Sustainability&Corporate Transi