Nuclear energy is the solution to the growing demand for electricity

11/21/25, 11:46 AM
A technological revolution is taking place worldwide, which is exponentially increasing the demand for electricity, Gergely Jákli emphasized in Dubai.

According to the latest survey conducted by Századvég on behalf of Paks II. Ltd., 66.4% of those surveyed support the investment, while 29.4% disagree with the project and 4.2% did not take a position or did not answer the question.

The representative survey was conducted in person between 15 September and 10 October 2025. Support for the project has been above 65% for three years, and this value reached 75.3% in September 2022. Based on the public opinion poll, it can also be stated that the majority of respondents (62.8%) see nuclear energy as the key to ensuring the country's safe and continuous electricity supply, while natural gas is in second place with 11.4%, and solar energy is in third place with 7.4%.

The vast majority of respondents (83.5%) believe that nuclear energy and renewable energy sources complement each other well in domestic energy production. 87.4% of those surveyed would rather rely on domestic power plants to meet electricity needs, which is consistent with the statement that 73.6% believe that the construction of new units primarily means reducing energy dependence, and they also see significant potential in keeping the price of electricity affordable (59.5%), as well as in its economic revitalization and job creation effect (51.5%). 

The construction of the levelling concrete is in progress in the Paks II. project area and preparations are currently underway, in order to begin the construction of the foundation slab of the first technological building in the excavation pit of Unit 5 on 5 February 2026, i.e. the first concrete pouring. According to the terminology of the International Atomic Energy Agency, the new Paks nuclear power plant will be considered under construction from this milestone.


 

In the current geopolitical environment, Central and Eastern Europe's energy security rests on three pillars: diversified supply, system stability and long-term predictability. Nuclear energy makes a unique contribution to all three, said Gergely Jákli at the Investopia CEE – UAE Strategic Economic Forum in Dubai. The Chairman and CEO of Paks II. Ltd. explained during the panel discussion: a technological revolution was taking place worldwide, the increase in industrial performance, the rise of electromobility, the spread of artificial intelligence and the creation of large data centers were exponentially increasing the demand for electricity.

The ever-growing demand for electricity can only be met in a stable, safe, cost-effective and environmentally friendly way, and nuclear energy is the solution.


At the Investopia panel discussion, Gergely Jákli recalled that according to the United Nations Economic Commission for Europe (UNECE), nuclear energy is the greenest energy source, and according to the body's report, the operation of nuclear power plants has protected the environment from approximately 74 billion tons of carbon dioxide emissions over the past fifty years. He highlighted that through Paks II. Nuclear Power Plant, Hungary would be able to avoid 17 million tons of carbon dioxide emissions annually and reduce natural gas imports by 4 billion cubic meters annually.

The company's  chairman and CEO also said that the attitude of financial institutions towards the nuclear industry had changed significantly in the past decade, with Goldman Sachs, J. P. Morgan and the European Investment Bank also announcing that they would create financial products for the nuclear sector. The green transition has helped banks to focus on nuclear energy, but risk-taking remains a key issue. While the operating conditions of already operating nuclear power plants can be analyzed, thus providing benchmarks for their financing, these are lacking for the construction of nuclear power plants. Since it is difficult to fall back on when preparing and implementing investments in the absence of reference points, it is crucial to build benchmarks, measure progress and thereby reduce the project timeframe.