Demand for uranium for reactors seen jumping 28% by 2030 -report
www.reuters.com
Demand for uranium in nuclear reactors is expected to climb by 28% by 2030 and nearly double by 2040 as governments ramp up nuclear power capacity to meet zero-carbon targets, the World Nuclear Association (WNA) said in a report on Thursday.

Nuclear capacity is expected to rise by 14% by 2030 and surge by 76% to 686 GWe by 2040, the report said

This is only good news if it displaces thermal coal and gas generating stations.

  • p1mrx
    31·
    1 year ago

    Currently that backup/storage is mostly fossil fuels, so building nuclear would displace fossil fuels. As long as nuclear remains expensive, we will only build it because not emitting CO2 is socially valuable.

    Nuclear would have to get a lot cheaper to eat wind/solar’s lunch. Maybe that could happen someday, but it’s not worth worrying about now.