ETHZ-PSI Nuclear 2026

Nuclear Power and the Future Swiss Energy System

Joint White Paper from ETH Zurich & PSI | June 2026

A new study by 19 energy experts from ETH Zurich and the Paul Scherrer Institute (PSI) is investigated under which conditions the construction of new nuclear power stations may make financial sense for Switzerland’s future energy system. The findings of the study are based on four different energy models. These models calculate which technologies Switzerland could use by 2050 to cover significantly higher electricity demand as cheaply possibly and in a carbon-neutral way.

KKW Goesgen

Gaetan Bally / Keystone

01 Results

Results

Explore all the figures and the supporting data from the results of the Joint White Paper

02 Scenarios

Scenarios

Climate policy

Net-zero GHG emissions

2050 net-zero GHG in Switzerland including aviation. Emissions may be compensated abroad.

Policy variant

Variations on the 45 TWh renewables target given in Swiss Law

Renewables only

Minimum production of 45 TWh from new renewables.

Renewables & Nuclear

Minimum production of 45 TWh from new renewables and nuclear power.

Market-Driven

No binding renewable electricity targets.

Investment variant

Overnight Capital Costs for New Nuclear

Low-cost nuclear

Low Overnight Capital Costs for New Nuclear: 5,000 CHF2024/kW.

Medium-cost nuclear

Medium Overnight Capital Costs for New Nuclear: 8,000 CHF2024/kW.

High-cost nuclear

High Overnight Capital Costs for New Nuclear: 12,000 CHF2024/kW.

Phase-out

No nuclear new build.

WACC variant

Weighted Average Cost of Capital of new nuclear investments

WACC = 8%

WACC for new nuclear power investments of 8%.

WACC = 8%

WACC for new nuclear power investments of 5%.
03 About

Project information

Project coordination

This project was coordinated by the  Energy Science Center (ESC), ETH Zurich⁠, which supports interdisciplinary energy research and collaboration across academia, industry, and policymakers. The ESC coordinated the project and the preparation of the accompanying report.  

Contact

Dr. Christian Schaffner
Executive Director, Energy Science Center (ESC), ETH Zurich
schaffner@esc.ethz.ch 

04 Downloads

White papers and documentation