Report Urges India to Decuple Nuclear Capacity for Energy Security
A new joint report by the US-India Business Council (USIBC) and KPMG in India calls for a tenfold expansion of India's nuclear energy capacity, targeting 100 GW by 2047. Currently standing at 8.8 GW, this aggressive growth aims to support India's net-zero emissions goal by 2070 and ensure energy security amidst surging demand from data centers and heavy industry. The report, titled 'Atoms for Net-Zero,' emphasizes that renewable energy alone cannot provide the firm, clean power required for grid stability. It highlights the recent SHANTI Act, 2025, which facilitates private-sector participation while maintaining government control over safety and fuel cycles. Significant interest from major industrial groups like Adani Group and NTPC, along with a focus on Small Modular Reactors (SMRs), underscores the sector's potential. The study advocates for deeper US-India collaboration in technology and supply chains, positioning India as a global nuclear manufacturing hub. To achieve these ambitions, the report recommends integrating nuclear energy into green finance frameworks and establishing viable financing structures to attract institutional capital, thereby reducing dependence on imported fossil fuels.
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