The future of uranium and its place in the renewable energy transition: insights from Ian Timis

Uranium has an energy density one million times greater than fossil fuels, making it an extremely efficient energy source for nuclear reactors. There are currently over 440 nuclear reactors operating in the world and 50 more under construction, ensuring a stable and potentially growing demand for uranium. Nuclear power is expected to produce 25% of the world’s electricity by 2050, up from 10% today. Moreover, uranium-fueled nuclear power emits almost 30 times less greenhouse gases than coal, providing a solid solution for countries looking to reduce their carbon footprint. Moreover, countries with uranium resources can increase their energy security by reducing their dependence on foreign oil and gas.