Nuclear power is getting a new look as more and more people begin to believe that pivoting to renewable energy will require leaning on nuclear power.
In a new special uranium report from Sprott, Per Jander notes that though the new tech gets a lot of attention, the real substantial change in nuclear efficiency is in power uprates and life extensions.
Existing infrastructure and components can last several decades longer when properly maintained.” Nearly every nuclear power plant component can be replaced quite inexpensively, both improving the output of the plant and extending its ability to function for many more decades.
It is easier to get new components for an existing plant than it is to break ground on a new one.
The value is even higher when we factor in the political ‘investment’ and licensing costs required to bring a new nuclear reactor to life — it’s far more efficient to boost capacity through uprates.
All of this is expected to drive continued demand for uranium, which makes a compelling pitch to invest in the Sprott Physical Uranium Trust.