Should you buy Uranium stocks? (August 2023)
- 8 months ago
How to invest in nuclear energy through uranium stocks.
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To combat climate change, we need to stop relying on fossil fuels. Renewable energy sources are great but they suffer from intermittency issues.
Solar power needs the sun to shine and wind turbines need the wind to blow. Batteries aren’t yet good enough to store all the energy they create.
A clear solution to this is nuclear power. Nuclear has low operating costs and its 8,000 times more efficient than fossil fuels. It’s also clean. According to the World Nuclear Association, during its life cycle, nuclear energy produces about the same amount of CO2 per unit of electricity as wind, and even less than solar.
Of course, nuclear power has problems too. Reactors cost a lot to build, nuclear waste is radioactive and accidents happen. The progress of nuclear power hit a major setback after the 2011 disaster at Fukushima.
That said, the scale of the challenge facing humanity is so great that we’re going to need some help from nuclear power in order to meet carbon targets.
And this progress is starting to happen. Right now there are at least 57 nuclear reactors being built worldwide. And according to the International Energy Association, 8GW of new nuclear capacity came online last year.
#uraniumstocks #investing #stockmarket #stockstobuy
Join 9,000+ investors: https://www.overlookedalpha.com
To combat climate change, we need to stop relying on fossil fuels. Renewable energy sources are great but they suffer from intermittency issues.
Solar power needs the sun to shine and wind turbines need the wind to blow. Batteries aren’t yet good enough to store all the energy they create.
A clear solution to this is nuclear power. Nuclear has low operating costs and its 8,000 times more efficient than fossil fuels. It’s also clean. According to the World Nuclear Association, during its life cycle, nuclear energy produces about the same amount of CO2 per unit of electricity as wind, and even less than solar.
Of course, nuclear power has problems too. Reactors cost a lot to build, nuclear waste is radioactive and accidents happen. The progress of nuclear power hit a major setback after the 2011 disaster at Fukushima.
That said, the scale of the challenge facing humanity is so great that we’re going to need some help from nuclear power in order to meet carbon targets.
And this progress is starting to happen. Right now there are at least 57 nuclear reactors being built worldwide. And according to the International Energy Association, 8GW of new nuclear capacity came online last year.
#uraniumstocks #investing #stockmarket #stockstobuy