International Bank for Nuclear Infrastructure
Innovative Financing Solution to Scale Nuclear Investments
The World Agrees - We Need Much More Nuclear Power
At COP28 in Dubai, governments agreed to set a target of tripling nuclear capacity by 2050. Nuclear energy offers firm, low-carbon power, essential for balancing variable renewables and achieving deep decarbonization.
However, scaling nuclear faces persistent barriers including high capital costs, long timelines and regulatory complexity. The risks associated with nuclear projects combined with a legacy of poor project performance have created challenges in raising the cost efficient capital required for projects to proceed.
The role of Nuclear Energy in Meeting future Electricity Demand
- Nuclear energy has reliably been the workhorse of clean grids around the world with over 20,000 reactor-years of service
- Addressing the energy trilemma, (clean, secure and affordable), nuclear energy provides extraordinary value to end-users, grids and national economies
- Emerging market signals indicate significant broad-based demand for nuclear energy
- Since government policies and fiscal resources are finite, the nuclear industry is in a race against time to catch up in competitive markets and scale to achieve next-of-a-kind economics
- Despite high levels of technical maturity and readiness, financing channels for most nuclear technologies remain relatively thin and, where markets play a role in allocating resources, extremely shallow
- The road to mainstream finance remains to be paved for this widely misunderstood and deeply under-valued technology
- The current flurry of fiscal support is helpful and absolutely necessary to achieve scale economics, but just like other energy technologies in the past, the industry requires a steady guiding hand to build bridges with the financial markets to achieve full economic competitiveness and long-term sustainability
What is IBNI?
The IBNI concept is to create a new sovereign-backed nuclear fund platform and banking institution, using the proven model of the major Multilateral Development Banks. IBNI is dedicated to enabling the expansion of nuclear energy on a commercially viable and investable basis.
Anchored initially by a select few Member States, IBNI would help develop funding models and standardised financing products to channel existing fiscal resources and commitments to nuclear programs and projects in a way that creates market additionality, crowding-in effects and capital multiplication. Helping drive down the cost of capital creates measurable benchmarks for government support, assuring the fastest possible transition to market finance and maximum taxpayer value for money by the industry.
The International Nuclear Finance Initiative (INFInity)
The first step in Finance solutions to support global scaling of nuclear energy
INFInity Knowledge Platform
The INFInity Knowledge Platform is designed to close knowledge gaps and information asymmetries between key stakeholders in nuclear infrastructure development and finance, and to support programme hosts and project sponsors in reaching timely and fully informed investment decisions by creating a common language between the nuclear industry and the financial community. It will develop and promote internationally recognisable investment-readiness capabilities, procedures, metrics, governance and controls; and support institutional capacity building and benchmarking across markets
INFInity Catalytic Fund
The INFInity Catalytic Fund will support programme and project development activities consistent with Knowledge Platform best practices that will facilitate the global scaling of nuclear energy
The Catalytic Fund is intended to fund activities on the investment critical path, support project preparation and related institutional or stakeholder work, and reduce early-stage uncertainty in order to accelerate progress towards investability and bankability
The INFInity Journey has begun
IBNI-IO has signed a collaboration MOU with, PFYN Capital, the Investment Manager for Trident Investments Luxembourg, The Fund, to launch the International Nuclear Finance Initiative (INFInity) Fund compartment to innovate nuclear financing by bringing together nuclear infrastructure and nuclear investors, and to establish a coherent and scalable pathway from project conception and investment readiness through capital mobilisation to financial close.
Who We Are
The IBNI Implementation Organization (IO), is a not for profit established to develop the IBNI concept by:
- Building broad and diversified global support comprised of government, industry (nuclear and non-nuclear), financial markets, IGOs, NGOs, think tanks, etc.; and
- Assembling future shareholder countries to establish IBNI, including at Canada, France, Japan, UAE, United Kingdom, USA and others
The IBNI IO is being managed by a global group of experts with a broad range of expertise in the nuclear sector working together as a Strategic Advisory Group (SAG)
The IBNI Strategic Advisory Group (SAG)
Elina Teplinsky
Washington, D.C. USA
Philippe Costes
Paris, France
Board member
David Stearns
London, UK
Board member
Milton Caplan
Toronto, Canada
Board member
George Borovas
Washington, D.C. USA
Ian Grant
Ottawa, Canada
Fabienne Pehuet Lucet
Paris, France
Board member
Milko Kovachev
Sofia, Bulgaria
Board member
Our Supporters
Many companies and associations have expressed their support for IBNI.
To join the growing list of supporters please contact us using the link below.
