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The need for clean and reliable electricity has compelled governments, corporations and financial institutions to coalesce around nuclear energy as the solution.
01
Trump vows to make electricity cheap with ‘hundreds of new power plants’ and modular nuclear reactors
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“Starting on day one, I will approve new power plants, new reactors and we will slash the red tape. We will create more electricity for these new industries that can only function with massive electricity.”
PRESIDENT TRUMP
Source: New York Post
02
US Unveils Plan to Triple Nuclear Power By 2050 as Demand Soars
In the short term, the White House aims to have 35 gigawatts of new capacity operating in just over a decade.
Source: Financial Post
03
AI is poised to drive 160% increase in data center power demand
GOLDMAN SACHS
Source: Goldman Sachs
04
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“Nuclear is going to be a vital, integral part of powering AI”
JENSEN HUANG, NVIDIA CEO
Source: Nuclear For Australia
06
Microsoft, Google and Amazon turn to nuclear energy to fuel the AI boom
Companies investing in small modular reactors that proponents call a safer approach to nuclear energy
Source: CBC
07
Bill Gates Says He’s Ready to Put Billions Into Nuclear Power
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“Nuclear is ideal for dealing with climate change, because it is the only carbon-free, scalable energy source that’s available 24 hours a day.”
BILL GATES
Source: Bloomberg
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Nuclear power releases less radiation into the environment than any other major energy source and has the lowest mortality per terawatt of any major source
Electricity Demand Estimated to Almost TRIPLE by 2050
One pound of uranium can produce the same amount of power as 20,000 pounds of coal.
Nuclear power currently provides 10% of the world’s electricity, and 20% of America’s.
Nuclear power emits nearly no carbon. Enriched uranium fuel is very inexpensive relative to hydrocarbons
There are 440 operational power reactors operating in 32 countries, with a combined electrical capacity of 390 GWe. Additionally, there are 61 reactors under construction and 431 reactors planned or proposed. 30 countries are considering, planning or starting nuclear power programs.
Source: World Nuclear
U.S. Energy Information Administration estimates cumulative supply gap of 402 million lbs through 2033.
Source: The Globe and Mail
The USA is the largest consumer of uranium with nuclear generating 20% of its electricity through 93 operating reactors. Russia had supplied approximately 35% of US imports for nuclear fuel before the import ban. Canada, now the US’s largest supplier at 27%, is in the ideal situation to ramp up production to meet US domestic demand.
Source: Sprott
Small Modular Reactors (SMR) offer flexible and affordable power generation 1
Multiple companies have Small Modular Reactors currently under construction. SMR’s are designed to drastically reduce the cost of nuclear power and could massively expand the industry. 2
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Nuclear innovation company TerraPower was founded in 2008 by Bill Gates and other private sector leaders. The company is now recognized as an international leader in the SMR space.
At the forefront of the nuclear technology industry with its transportable eVinci™ micro reactor. A nuclear battery, the reactor can generate 5 MW of electricity from its 15 solid thermal core.
SMR developer BWXT Technologies will build the first advanced nuclear microreactor in the US. The nuclear solutions firm was selected by the U.S. Department of Defense’s to manufacture a full-scale mobile microreactor prototype.
Rolls-Royce has developed a clean energy solution which can deliver cost competitive and scalable net zero power for multiple applications – from grid and industrial electricity production to hydrogen and synthetic fuel manufacturing.
Sources: 1.iaea.org 2.c3newsmag.com
Uranium Price Could Hit $135 In 2026, Say Bank Of America Analysts 1
Sources:
1.tradingview.com 2.world-nuclear.org 3.iea.org 4.fpri.org 5.state.gov 6.iris-france.org 7 iaea.org
Source: Statista