Demand for electricity rises, nuclear power helps

A sufficient global supply of electricity is desirable worldwide. Electrification is also progressing, as is urbanization, because cities are growing. In this context, China and India in particular have recognized the need for nuclear energy and are building nuclear power plants. These need uranium. India recently caused a stir by calling on private companies to invest in the nuclear energy sector. Currently, only around two percent of India’s electricity is generated in nuclear power plants. So, it’s no wonder that New Delhi is one of the cities with the dirtiest air. Toxic smog often settles over the metropolis. Particulate matter levels often exceed the World Health Organization’s (WHO) maximum daily value and construction work, for example, has to be stopped. So now private companies are to help the nuclear power sector get back on its feet with 26 billion US dollars. And a lot needs to be done to increase the proportion of electricity capacity generated from non-fossil fuels to 50 percent by 2050, according to the Indian government.

There is particular hope worldwide for the development of new small modular reactors. The USA, the UK and Canada are particularly active in this area. The global shift towards renewable or clean energies is an important trend. After all, dependency on fossil fuels is still too high. As wind and solar energy are not enough, nuclear power must be added to the mix. After large capacities for nuclear energy were created in the 1970s and 1980s (OPEC oil embargo), the situation has changed today, but it is leading to a renaissance of nuclear energy. Not only China and India, but also the United Arab Emirates and many countries in Europe as well as Japan, Canada, the USA and South Korea are committed to this. So, the future looks bright for uranium companies such as Uranium Energy and Cosa Resources.

Uranium Energy – https://www.commodity-tv.com/ondemand/companies/profil/uranium-energy-corp/ – owns uranium projects in Canada and the USA as well as various uranium holdings and is thus ideally positioned.

Cosa Resources – https://www.commodity-tv.com/ondemand/companies/profil/cosa-resources-corp/ – has uranium projects in the Athabasca Basin in Saskatchewan covering an area of more than 200,000 hectares.

Current company information and press releases from Uranium Energy (- https://www.resource-capital.ch/en/companies/uranium-energy-corp/ -) and Cosa Resources (- https://www.resource-capital.ch/en/companies/cosa-resources-corp/ -).

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