Energy transition requires more nuclear power

The growth of renewable energies has steadily increased in recent years and even exceeded expectations. Geothermal and tidal power, for example, can also contribute to the energy mix. But a certain amount of energy must be provided by nuclear power. Now that many nuclear reactors are getting on in years, new ones are needed for this reason alone. After all, lifetime extensions do not always help; decommissioned capacities often have to be replaced by new nuclear reactors. According to an analysis by McKinsey, demand for nuclear energy is expected to double or even triple by 2050. Stringent quality standards require skilled personnel, deliveries that meet budgets, not to mention financing. Projects in Canada, Finland, France and the U.S. have struggled with delays and cost overruns in some cases. Then, when a new power plant is ready, uranium comes into play.

When nuclear reactors were built in the past, they were complex and costly projects. Many years or even decades passed before the reactor could go online. Today, there are new technologies that promise faster construction and lower costs. These are the small modular reactors (SMRs), and then there are the so-called microgrids, which can supply remote areas or facilities with electricity. In many regions of the world, momentum is building for new nuclear power plant construction, for example in the U.S., the U.K., and South Korea. What all power plants need is uranium, and that’s what companies like Consolidated Uranium or IsoEnergy have in their mining projects.

Consolidated Uranium – https://www.commodity-tv.com/ondemand/companies/profil/consolidated-uranium-inc/ – is active in Australia, Argentina, Canada and the United States. In addition, uranium and vanadium mines in Utah and Colorado will be ready for start-up in the near future.

IsoEnergy’s – https://www.commodity-tv.com/ondemand/companies/profil/isoenergy-ltd/ – uranium projects (Laroque East, Geiger, Hawk) are located in the northeastern Athabasca Basin in Saskatchewan, an excellent uranium area.

Up-to-date corporate information and press releases from Consolidated Energy (- https://www.resource-capital.ch/en/companies/consolidated-uranium-inc/ -) and Iso Energy (- https://www.resource-capital.ch/en/companies/iso-energy-ltd/ -).

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