Energy demand is rising – more nuclear power is needed, and therefore uranium

Major energy consumers include corporations such as Google, Meta, Amazon, and Dow. At CERAWeek in Houston, these companies have now committed themselves to tripling nuclear power. Some time ago, 31 countries, 14 major banks, and 140 companies in the nuclear industry already spoke out in favor of tripling nuclear power (COP28 summit in Dubai in 2023). Many industries are expecting a significant increase in energy demand in the coming years. Global goals are focused on improved energy security and a safe and clean energy supply. The areas affected range from the technology sector, artificial intelligence, and data centers to increased electrification, heat for industry, hydrogen production, district heating, and the production of synthetic fuels.

No one doubts anymore that global energy demand will rise in many industries. According to forecasts by the International Energy Agency (IEA), global energy demand will grow by around four percent annually. Amazon alone invested more than US$1 billion in nuclear energy projects and technologies last year. And the company aims to be climate neutral by 2040. Abundant and clean energy is therefore necessary for industrial progress and for growth in technology and innovation. Many hopes are being pinned on small modular reactors for economic development while taking environmental aspects into account.

IsoEnergy – https://www.commodity-tv.com/ondemand/companies/profil/isoenergy-ltd/ – owns high-grade uranium deposits in Saskatchewan, Australia, Argentina, and the US.

Investors can bet on Uranium Royalty – https://www.commodity-tv.com/ondemand/companies/profil/uranium-royalty-corp/ -, the only royalty company in the uranium market.

Current company information and press releases from Uranium Royalty (- https://www.resource-capital.ch/en/companies/uranium-royalty-corp/ -) and IsoEnergy (- https://www.resource-capital.ch/en/companies/iso-energy-ltd/ -).

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