NYSEAM:UEC - Post by User
Post by
mangoeon Jul 07, 2024 11:47am
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Post# 36121791
Mind-blowing!ð€¯That's the best way to describe the past 6 â
Mind-blowing!ð€¯That's the best way to describe the past 6 â Mind-blowing!
That's the best way to describe the past 6 incredible weeks of news & events bolstering the Global #Nuclear Renaissance
which is driving an unexpected resurgence in demand for #Uranium fuel!
Here's a recap for U:
In the #USA
the new 1.2GW Vogtle-4 Westinghouse AP1000 reactor entered commercial operation US Energy Secretary Granholm called for adding 200 Gigawatts of new Nuclear to Triple US capacity The White House hosted an historic Nuclear Industry Summit as the Biden administration announced a long list of steps they are taking to boost deployment of new advanced reactors and secure the domestic uranium supply chain The Department of Energy issued a $3.4 Billion Request for Proposals to directly purchase and stockpile Low-enriched Uranium (LEU) reactor fuel in order to provide a backup supply to backfill banned Russian imports and boost the capacity to enrich, convert and mine/mill uranium in the US and its allied partners, adding over 24 Million lbs of new demand for US & allied mined U3O8 US Department of Energy announced that the Biden administration intends to provide another $900 million to spur on initial deployment of advanced Nuclear small modular reactors (SMR's) US Army issued a Request for Proposals for the provision of Advanced Micro-Reactors to address its need for 99.9% reliable off-site power for military facilities Bill Gates' TerraPower broke ground to launch construction of the nation's first 345MW Natrium Gen IV molten-salt reactor in Wyoming Holtec continued to move forward on restarting the Palisades NPP in Michigan, while other utilities said they are looking seriously at restarting shut down plants including the Duane Arnold NPP in Iowa and even Three Mile Island in Pennsylvania as big tech companies want to lock-up at least 5 Gigawatts of Nuclear power to support data center expansion and the AI revolution Southern Company CEO says he sees the need for “upwards of 10 large gigawatts of new nuclear power that I think we have to have going forward” California lawmakers agree to loan PG&E $400 Million to enable the Diablo Canyon Nuclear Power plant to have its operating life extended; Atomic Safety & Licensing Board denied requests by anti-nuclear groups to intervene in an attempt to block the extension Energy Northwest affirmed plans to build 12 X-energy small modular reactors (SMR's) in Central Washington that will together generate up to 960 Megawatts of 24/7 reliable carbon-free electricity Top Permian oil & gas producer Diamondback signed up for deploying a "mobile" small-footprint nuclear plant "in a box." Permian oil & gas industry members say "interest in Permian nuclear is hot." #Crypto Exchange Kraken says it's looking to partner with Nuclear utilities that can supply small modular reactors to power its operations, citing "massive power demands from high performance computing & AI are changing the energy landscape" The US Senate overwhelmingly passed the bipartisan ADVANCE Act by a resounding 88-2 margin, sending the key legislation enabling an accelerated 200GW Nuclear build-out on its way to President Biden for signing into law with near-unanimous support by both Republicans and Democrats
In #Canada
the Uranium-producing province of Saskatchewan announced that its first Small Modular Reactor will be built at Estevan. SRC has signed an MOU with the Meadow Lake Tribal Council (MLTC) to evaluate the deployment of microreactors in MLTC communities, and signed an MOU with Westinghouse to explore the possibilities for building large-scale AP1000 and small modular AP300 reactors in Saskatchewan Government of Canada announced $2.5 million investment in Nuclear Small Modular Reactor (SMR) research at the University of Alberta and University of Regina in Saskatchewan Westinghouse opened a new Nuclear engineering hub in Kitchener, Ontario, where around 50 engineers will work on designing the future of Nuclear reactors for Canada and the global reactor market Ontario's new Energy and Electrification Minister Stephen Lecce announced that phase one of building the first of four new GE-Hitachi 300MW BWRX-300 small modular reactors is now complete Canadian engineering firm AtkinsRalis predicts that a “super cycle” over the next 3 years will double its Nuclear business as the world turns to Nuclear power to achieve NetZero emissions and energy security A new report by the Conference Board of Canada finds that construction of a four-unit Candu Monark Nuclear power plant would boost Canada's GDP by more than C$90 Billion and create thousands of jobs over the project's lifetime - and each unit built overseas would have a GDP impact of C$4.8 billion 
In #Australia, which bans the use of Nuclear power, opposition leader Peter Dutton promised, if elected, to remove the ban and build 7 Nuclear power plants, opening up a new pre-election debate where recent polling suggests that there is strong majority support by 6 out of 10 Australians for lifting the ban and building Nuclear power plants to provide a reliable electricity grid with zero emissions #SouthKorea
announced plans to build 4 more 1.4GW domestic APR1400 reactors to add 5.6GW of carbon-free electricity Government announced investment of US$1.8 Billion to develop next-generation advanced reactors President Yoon Suk Yeol announced plans to build a Small Modular Reactor (SMR) manufacturing hub in Gyeongju and confirmed that construction will now resume on 2 x 1.4GW APR1400 reactors 3 & 4 to be built at the Shin Hanul NPP #France
increased the number of giant 1.65GW EPR2 reactors it will build from 6 to 14, adding over 23 Gigawatts of new Nuclear power generation 
UK-based Newcleo Energy completed the preparatory licensing stage in France for its 30MWe LFR-30 advanced small modular reactor Framatome announced that it is recruiting 2500 new employees per year and investing in order to have the capacity to support concurrent construction of 2 new EPR2 reactors per year 
#Italy's government announced that it's serious about restarting the country's shuttered Nuclear energy program, with plans to build 8 GW or more of new Nuclear capacity by 2050 that will provide up to 22% of the nation's electricity 
#Poland's Orlen Synthos Green Energy, #Canada's Aecon Group & AtkinsRalis, and US GE Hitachi Nuclear signed an agreement to accelerate OSGE’s program of BWRX-300 reactor deployments in Poland 
New Euratom project 'SAVE' has banded together 17 partners from 7 #EU member states to develop and deploy European-made uranium Nuclear fuel for Russian VVER reactors in Europe that have so far been fully dependent on Russian fuel Framatome received EU funding for the development of 100% sovereign European fuel for Russian-built VVER reactors
The #Netherlands
incoming coalition government announced plans to triple its investment in new Nuclear projects, supporting construction of 4 new gigawatt-scale reactors
In #Norway
Norsk Kjernekraft submitted a proposal to build a new Nuclear power station in Finnmark that would host multiple Small Modular Reactors Norsk Kjernekraft signed an agreement with the municipality of Lund to establish a new Nuclear power plant
In #Sweden
Vattenfall has shortlisted Rolls-Royce & GE Hitachi for the construction of a fleet of Small Modular Reactors while also in parallel working on plans to build more gigawatt-scale reactors at Ringhals Krnfull Next announced selection of a new candidate site to host up to 6 new reactors in #Sweden
In #Finland
Nuclear start-up company 'Steady Energy' announced that it is ready to begin construction next year on the first of 15 x 50MW Small Modular Reactors on their order book 'Steady Energy' has teamed up with Swedish project developer Krnfull Next to develop and deploy Small Modular Reactors (SMR's) for district heating in Sweden 
The EU Commission has approved #Romania’s plan to build two new 720MW CANDU reactors, units 3 & 4 at the Cernavoda Nuclear Power Plant 
Trkiye has been holding talks with the United States on the construction of new large-scale Nuclear power plants and small modular reactors
In #India
the nation's largest power producer, NTPC Ltd, announced plans to build 10 Gigawatts of new Nuclear power plants over the next 10 years Union Minister Singh confirmed that India's installed Nuclear capacity of 7.48 GWe will increase by over 70% to 13.08 GWe by 2029, with 7 new #reactors being built over the next 5 years #SaudiArabia
is seeking final offers from bidders in July on the construction of its first 2 x 1.4 Gigawatt Nuclear reactors
The #UAE
announced that it is preparing to tender this year for the construction of 4 more large reactors as soon as possible
In #Japan
the Nuclear Regulation Authority (NRA) has approved 20-year operating life extensions from 40 to 60 years for Kansai EP's Takahama-3 & -4 Nuclear Power Plants Japan's Nuclear Regulation Authority has given Kansai Electric Power Co approval to operate reactors No. 3 and No. 4 at the Oi Nuclear power plant an additional 10 years from 30 to 40 years TEPCO completed the loading of fuel into the world's largest Nuclear power plant, its 8GW Kashiwazaki Kariwa NPP, in preparation for restarting in the fall once final approval has been given Expansion of Japan's Nuclear capacity and the building of new reactors has been added to the nation's upcoming 2040 energy plan Mitsubishi Heavy Industries announced that it's ready to begin construction of a new next-generation Nuclear reactor, the SRZ-1200 
#Ghana and the United States announced signing of new agreements to advance the deployment of Nuclear small modular reactors and establish Ghana as a regional SMR hub in Africa
The #Philippines
said that it sees Nuclear as the long-term replacement for LNG and will add 2.4 Gigawatts of Nuclear power to its energy mix using small modular reactors 
#ElSalvador's lawmakers unanimously passed legislation, by a vote of 54 to 0, to create a new 'Agency for the Implementation of Nuclear Energy' in that Central American nation 
World-leading Maritime Industry services provider Lloyd's Register issued a 'Fuel for Thought' report promoting the global transition to Nuclear propulsion technology to "transform shipping with more reliable, emissions-free and longer-lived ships" that "could be as transformational to maritime shipping as the shift from sail to steam", "eliminating vessel emissions and the need for a bunkering network" UK-based Core Power says it's lined up $10 Billion in first orders by 2030 to fit vessels with Nuclear reactors, including both Floating Nuclear Power Plants (FNPP's) and nuclear-powered ships
Never in my wildest dreams did I envision that this Uranium bull market would pick up so many incredibly strong tailwinds in such a short time!
There's a paradigm shift underway as the world embraces Nuclear power to achieve decarbonization and energy security.
The pressure on an inadequate fuel supply continues to increase on a daily basis now
as this Nuclear Renaissance continues to accelerate, especially with the exploding demand for clean 24/7 reliable emissions-free power to enable the global expansion and construction of new power hungry data centers to support big tech and an AI revolution.
Very exciting times are on the horizon for Uranium mining stocks investors!
Good luck with your investments!
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