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The United States is Tripling Down on Nuclear Energy

November 15, 2023
x min read

Global governments are about to go all in on nuclear energy.

What’s happening:

  • The United States will lead a push to triple the amount of nuclear power capacity globally at the upcoming COP28 Climate Summit
  • This could potentially mark a pivotal turning point for nuclear energy adoption and the need for more physical uranium supply
  • The United States will likely be joined by other countries such as the United Kingdom, France, Sweden, Finland and others in their mission to build out more nuclear power

Why it matters:

  • Nuclear power represents one of the best sources of baseload power that can be produced without carbon emissions
  • Nuclear has been seeing a resurgence in popularity as the need to get closer to net zero emissions grows and as small modular projects continue to prove to be successful

Going deeper:

The intrigue:

  • This new push from global governments could change the lending policies of many banks and financial institutions to begin to deploy capital into nuclear energy projects, which could be yet another catalyst for nuclear power and uranium

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