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.

Setting out the path to IBNI

IBNI Nuclear Funds

IBNI Nuclear Funds are proposed to channel existing fiscal resources (government and government-backed equity, debt, guarantees, tax credits and production subsidies, where necessary and across the nuclear value chain) to optimise and accelerate nuclear investment. The IBNI Nuclear Fund professional management team would be empowered and governed by the specific investment mandate, resources and oversight that, in each case and for each Fund, its sovereign limited partners prescribe.

IBNI Infrastructure Bank

In the medium term, the Bank would be established by Treaty, absorbing the Funds activity, and layering in credit instruments designed to be standardized, replicated and scaled to assure maximum market participation. The mission of the Bank would be to guide potentially investable programs and projects to assure that technical readiness levels feature commensurate levels of financial readiness in the market .

IBNI Consulting - the expertise to develop and implement IBNI in support of new nuclear program and project development

The IBNI Consulting team brings extensive experience from across the financial, multilateral, nuclear, legal and regulatory sectors. Established in 2021, it recognized from firsthand experience that nuclear technologies and designs, both mature and emerging, exhibit idiosyncratic risks/rewards that restrict the availability of market capital on a least-cost basis. Experienced in developing nuclear investment proposals, it has a structuring track record of securing finite government support to bring investment forward on a sustainable, commercial basis.

IBNI Consulting is a unique resource for the development of standardized financial products for multilateral, government and private sponsors seeking to deliver exceptional value while hedging energy transition risks and bringing nuclear investment forward.

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)