A "Nuclear Renaissance" Renaissance
Source: Wealth Daily, Nick Hodge (11/10/09)
"you're literally looking at 3 billion people that will soon be demanding safe nuclear power"
But now, with energy policy on the plates of policymakers in multiple countries, and with the blessing of the Obama administration, nuclear energy could actually be ready to stage its rebirth.
Leveraging the need for more energy—induced by population growth, development, desalination and electric vehicles—and its emission-free nature, the nuclear industry has been able to attract an increasing share of a once-wary crowd.
To overcome the safety hurdle, the nuclear lobby has been funding research at the institutional level. Specifically, they've been looking for ways to improve uranium fuel.
A few select companies are following this research closely. And they're helping to pioneer new nuclear fuel additives. These new additives accomplish several things.
First, they improve thermal conductivity (i.e., absorbing the heat that often causes nuclear failures).
These new additives also increase an important metric in the industry called megawatt days per ton. This is like miles per gallon for nuclear energy.
By absorbing more heat, these new fuels allow more energy to be created, which greatly increases megawatt days per ton. So not only are these fuels safer, they allow plant operators to buy fuel less often.
Testing is still being completed, so I can't release the name of relevant companies just yet.
One of the companies is already in talks with one of the largest nuclear fuel suppliers in the world.
China's planning on increasing its nuclear capacity 500% by 2020. And India wants to add between 20 and 30 new reactors by the same date.
Add to that the 25 new power plants that have been announced for the U.S.—some with 2016 commission dates—and you're literally looking at 3 billion people that will soon be demanding safe nuclear power.