Ok, I think at this point, we all agree that global power consumption will only increase, driven by data centers, electric vehicles, and other factors.
Global electricity demand is projected to grow between 62% and 185% by 2050 compared to 2021 levels. This increase is fueled by the rising electrification of various sectors, including transportation and heating, and the expansion of data centers and electric vehicles
Renewable energy is definitely the future, and I would invest a large portion of my long-term portfolio in it.
However, I believe nuclear power generation is also set to play a significant role in the future energy mix.
As of now, nuclear power contributes about 10% of the world's electricity supply. Its share varies significantly by region, with countries like France and the United States having substantial nuclear capacity.
Under various scenarios, nuclear power's contribution to the global energy mix is expected to grow. In ambitious climate scenarios, the share of nuclear energy could increase from the current 5% to as much as 14% by 2050. This growth is driven by its low carbon footprint and the need for reliable baseload power
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As of 2024, there are approximately 440 operational nuclear reactors across 32 countries worldwide. These reactors contribute significantly to the global electricity supply, providing about 10% of the world's electricity. In addition to the operational reactors, around 60 new reactors are currently under construction, indicating ongoing investment and expansion in nuclear power.
With that being said, what are your thoughts on Uranium futures prices?
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