This post is by Bruno Venditti from Visual Capitalist
Uranium – The Fuel for Clean Energy
Global demand for electricity is set to grow around 50% by 2040.
As the only energy source of low-carbon, scalable, reliable, and affordable electricity, nuclear is set to play a prominent role in meeting this growing demand while satisfying decarbonization objectives globally.
In this infographic from Skyharbour Resources, we take a closer look at how uranium is shaping the future of energy.
Nuclear Power to Backstop Clean Energy Transition
Nuclear is considered an important source of clean energy, being the second largest source of low-carbon electricity in the world behind hydropower.
Nuclear power plants produce no greenhouse gas emissions during operation, and over the course of their life cycle, they produce about the same amount of carbon dioxide-equivalent emissions per unit of electricity as wind, and one-third of the emissions per unit of electricity when compared with solar.
Nuclear fuel is extremely dense and generates minimal waste. All of the used nuclear fuel produced by the U.S. over the last 60 years could fit on a football field at a depth of fewer than 10 yards.
To power up reactors, uranium demand is expected to rise ∼160% over the next decades.
Several countries are going nuclear in a bid to reduce reliance on fossil fuels while building reliable energy grids. Not many, however, have uranium (Read more...)