Category: Skyharbour Resources

The Next Generation of Uranium Deposits


This post is by Bruno Venditti from Visual Capitalist


The following content is sponsored by Skyharbour Resources

The Next Generation of Uranium Deposits

Government policies are shifting in favor of nuclear energy as countries try to reduce carbon emissions.

Unlike coal, oil, or gas, nuclear power plants produce little to no CO₂. As a result, nuclear is the second largest source of low-carbon electricity in the world, behind hydropower.

In this infographic from Skyharbour Resources, we look closely at the next generation of uranium deposits necessary to power up the nuclear sector.

The Uranium Supply Squeeze

Roughly 440 nuclear reactors operating worldwide generate around 10% of the world’s electricity annually.

In the United States, for example, nuclear energy provides 52% of carbon-free electricity, and in the European Union, it accounts for 43%. In three European countries, the share of nuclear energy in the electricity mix exceeds 50%.

RankCountryNuclear Share of Electricity Mix
1France 🇫🇷70.6%
2Slovakia 🇸🇰53.1%
3Ukraine 🇺🇦51.2%
4Hungary 🇭🇺48.0%
5Bulgaria 🇧🇬40.8%
6Belgium 🇧🇪39.1%
7Slovenia 🇸🇮37.8%
8Czechia 🇨🇿37.3%
9Armenia 🇦🇲34.5%
10Finland 🇫🇮33.9%
11Switzerland 🇨🇭32.9%
12Sweden 🇸🇪29.8%
13South Korea 🇰🇷29.6%
14Spain 🇪🇸22.2%
15Russia 🇷🇺20.6%
16Romania 🇷🇴19.9%
17United States 🇺🇸19.7%
18Canada 🇨🇦14.6%
19United Kingdom 🇬🇧14.5%
20Germany 🇩🇪11.3%

All of the world’s nuclear reactors are powered by uranium. They require approximately 67,500 tonnes of uranium (Read more...)

Uranium – The Fuel for Clean Energy


This post is by Bruno Venditti from Visual Capitalist


The following content is sponsored by Skyharbour Resources
Skyharbour-Uranium-the-Fuel-for-Clean-Energy

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...)