In 2019 the nuclear reactors worldwide produced more electricity than ever before, 809 billion kilowatt hours. This was done by 443 nuclear reactors, so more than ever before. The construction of five new reactors started last year. All nuclear power plants in Germany are to be shut down by 2022. At the same time, China is planning 44 new nuclear reactors in the next eight to ten years.
Nuclear power made up around 55 percent of the global alternative energy mix in 2019, wind power made up 20 percent and solar energy made up five percent. In terms of reliability, nuclear power is at least over 93 percent, while gas, coal, hydropower, wind and solar energy only have between 24 and 56 percent reliability. And in the US, 29 states are blessed with emission-free electricity thanks to nuclear power.
The major uranium producing countries have increased their production over the past decade. In 2007, 41,282 tons of uranium were produced, compared to 53,656 tons in 2019. The production record in 2016 was 62,638 tons of uranium. And most of the uranium is processed into U308 and then further into fuel rods, a component of the atomic energy industry that is used to generate electricity.
At the moment around ten percent of the world’s electricity comes from nuclear energy. With the number of nuclear power plants planned and under construction, the demand for uranium will certainly increase. Up-and-coming companies such as Uranium Energy or IsoEnergy could possibly also supply some of this uranium company.
IsoEnergy – https://www.rohstoff-tv.com/play/mining-newsflash-mit-tarachi-gold-isoenergy-summa-silver-und-trillium-gold/ – is based with its promising projects in the eastern Athabasca Basin in Saskatchewan. Drilling is currently particularly focused on the hurricane zone discovered in 2018 in the Laroque East area (up to 33.9 percent U308).
Uranium Energy – https://www.rohstoff-tv.com/play/uranium-energy-beste-position-fuer-neustart-von-us-uranproduktion/ – Owns the fully licensed Hobson processing facility in South Texas, a key point. The ISR projects Palangana, Burke Hollow and Goliad are close by. In Wyoming, Uranium Energy controls the Reno Creek Project. Further projects as well as a ferro-titanium deposit in Paraguay are part of the portfolio.
Current company information and press releases from Uranium Energy (- https://www.resource-capital.ch/de/unternehmen/uranium-energy-corp/ -) and IsoEnergy (- https://www.resource-capital.ch/de/unternehmen/iso-energy-ltd/ -).
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