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Uranium Energy Corp UEC

Uranium Energy Corp. is a uranium mining company. The Company advances in In-Situ Recovery (ISR) mining uranium projects in the United States and high-grade conventional projects in Canada. It offers two production ready ISR hub and spoke platforms in South Texas and Wyoming. These two production platforms are anchored by operational central processing plants and served by seven U.S. ISR uranium projects. Additionally, it has diversified uranium holdings, including uranium portfolios of North American warehoused U3O8; an equity stake in Uranium Royalty Corp., and a Western Hemisphere pipeline of resource stage uranium projects. The Texas Hub and Spoke Project includes Hobson Central Processing Plant (CPP), Burke Hollow, Goliad, Palangana, and Salvo. The Wyoming Asset Hub and Spoke In-Situ Recovery Project includes Christensen Ranch and Irigaray (Willow Creek), Moore Ranch, Ludeman, Allemand-Ross, and others. It also owns projects, including Henday Lake, Carswell, and Milliken.


NYSEAM:UEC - Post by User

Post by GSTbay1060on Nov 10, 2024 7:07am
89 Views
Post# 36305103

Trump on power

Trump on power

Trump and Nuclear Energy: There Are Questions

By James Pethokoukis

AEIdeas

October 29, 2024

 

The 2024 GOP platform from the Republican National Convention promises that “Republicans will unleash Energy Production from all sources, including nuclear, to immediately slash Inflation and power American homes, cars, and factories with reliable, abundant, and affordable Energy.” And much the same message from the party’s presidential nominee:

Starting on day one, I will approve new drilling, new pipelines, new refineries, new power plants, new reactors and we will slash the red tape. We will get the job done. We will create more electricity, also for these new industries that can only function with massive electricity.

But what does that scenario look like, exactly? Trump addressed the issue during his recent podcast with Joe Rogan. As reported by E&E News: 

Trump told Joe Rogan in an interview released Friday that he thought projects to build more of the large nuclear reactors currently on the grid, while “very clean,” have a tendency to be complex and to go over budget. He also expressed concern over the energy source’s safety implications. “They get too big, and too complex and too expensive,” Trump said of U.S. nuclear reactors. “I think there’s a little danger in nuclear.” … On Rogan’s show, Trump said two failed nuclear projects were evidence of why large reactors may not be the answer to meeting energy demand, likely referencing the Bellefonte Nuclear Station in Hollywood, Alabama, and the V.C. Summer nuclear plant near Jenkinsville, South Carolina. “They did one in Alabama. They did one in, I think, South Carolina. They do them wrong,” Trump said. “They build these massive things. Then the environmentalists get in.” Trump pointed to small modular reactors as a potential answer to long-running cost concerns surrounding the energy source. He believes that smaller reactors, which can be built in a factory, could avoid the complexities associated with large reactors.

As the piece correctly points out, none of the two dozen or so nuclear reactors that generate two-thirds of French energy are SMRs, a technology that optimists hope will be deployed by decade’s end. Those optimists include mega-retailer Amazon, which recently announced it was partnering with Dominion Energy to explore building a small modular reactor near Virginia’s North Anna nuclear plant. The project aims to support Amazon Web Service’s growing clean energy needs, particularly for AI operations. What’s more, Amazon is hardly the only tech company interested in nuclear to power its data centers, as the chart below outlines:

But Trump’s vote for nuclear energy abundance seems to conflict with hisdistaste for the Inflation Reduction Act (IRA)—despite the considerable IRA  funding going to red states—which includes substantial nuclear power incentives, including a production tax credit for existing plants, investment tax credits for new nuclear projects, and support for advanced reactor development and nuclear-powered hydrogen production. That framework might change if Trump wins a second term, but it also seems likely that expanded nuclear power in the US “will require public-private collaboration, regardless of whether we decide to focus on building conventional reactors or next-gen designs,” as energy analyst Thomas Hochman told me back in July. For what it’s worth, some professional Washington observers think incentives for nuclear have enough GOP support to survive attacks on the IRA should Trump win.


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