Uranium Hits Nuclear Button
War in Ukraine is causing an energy reset.
Western governments are rethinking dependence on Russia's oil and gas, and it's a big opportunity for investors.
Last week, Prime Minister Boris Johnson announced that Britain will begin developing small scale, modular nuclear power plants. The new energy path is a big win for uranium assets.
The emergence of nuclear as a clean energy source seemed unlikely.
Nuclear power has been mocked for four decades, but now, that's changing fast.
The number of nuclear power plants globally peaked in 1996 when 17.5% of all electric power was generated in those facilities. Since then, public opinion soured, and the political will to keep those plants open waned.
The downfall of nuclear energy was caused by a combination of events ...
Environmental movements gained global traction in the 1970s, and nuclear energy was the perfect bogeyman.
Radiation poisoning was invisible and lethal. This was exploited in 1979 by The China Syndrome, a big budget Hollywood film that mirrored a partial meltdown earlier that year at Three Mile Island, a Pennsylvania nuclear facility.
Although epidemiological studies later showed no increase in cancers in the area, fears of living near nuclear facilities grew exponentially.
Other problematic nuclear troubles haven't been so benign.
A complete meltdown in 1986 at the Chernobyl nuclear reactor led to the depopulation of 68,000 people across 1,000 square miles in northern Ukraine.
In 2011, 154,400 Japanese citizens were evacuated when a nuclear plant in Fukushima was damaged following an earthquake and tsunami.
Nuclear power plants all over the world began to close.
Today, these facilities generate only 10.3% of the world's electricity. The oddity is nuclear power is clean, green, sustainable and statistically much safer than most other forms of power generation, according to research compiled by Our World in Data.
Most people may find the process confusing, but when you break it down at its most elemental level, it's not hard to get: Nuclear facilities are essentially extremely large tea kettles.
The power-generation process begins when a neutron collides with a uranium atom, splitting the uranium atom in half (i.e., fission) and releasing an enormous amount of radiation and heat energy.
Post a Comment
Note: Only a member of this blog may post a comment.