Uranium and Its Uses

Uranium is a radioactive actinide metal that is widely known as the fuel for nuclear power plants. It is an atom with 92 protons and 92 electrons that melts at approximately 1132°C.[1] It was first discovered by a German chemist, Martin Heinrich Klaproth in 1789 in a mineral pitchblende. Although it is a metal, uranium is …

How Do We Power a Sustainable Future?

It comes as no surprise that global energy demands are on the rise, with a 2.3% increase observed in the last year alone—nearly twice the average annual rate of growth since 2010. According to the International Energy Agency (IEA), although there was an increase in demand for all types of fuels, fossil fuels such as natural gas, …

Rosatom moves to address Africa’s energy crisis

Reliable and affordable energy solutions require a mix of sources from renewables to nuclear, which may include inland and offshore small modular reactor solutions. Speaking during a PowerGen track at the African Utility Week conference, Dmitry Shornikov, CEO of Rosatom Central and Southern Africa highlighted the reliability and versatility of small modular nuclear power plants …

Global energy investment stabilised above USD 1.8 trillion in 2018, but security and sustainability concerns are growing

Global energy investment stabilised in 2018, ending three consecutive years of decline, as capital spending on oil, gas and coal supply bounced back while investment stalled for energy efficiency and renewables, according to the International Energy Agency’s latest annual review. The findings of the World Energy Investment 2019 report signal a growing mismatch between current trends and …

Saudi Arabia to lead a trillion dollar MENA investment splurge

The energy sector in the Middle East and North Africa will amass almost $1 trillion in investment over the next five years, as countries build out energy capabilities and pivot to renewables, according to new research. The Arab Petroleum Investments Corporation (Apicorp), a multilateral development bank with around $7 billion in total assets, provides an …

Bill Gates ‘thrilled’ by legislative boost for nuclear

The Nuclear Energy Leadership Act (NELA), bipartisan draft legislation which aims to accelerate the development of advanced nuclear technologies and re-establish US leadership in nuclear energy has been re-introduced to the US Senate. NELA was submitted on 27 March by a group of 15 senators led by Senator Lisa Murkowski of Alaska. It was previously …

Here’s why investors are starting to put uranium in the battery metal basket

It’s clear that electric cars will have a huge impact on battery metals — but not many investors realise the impact they will have on demand for uranium. Electric vehicles (or “EVs”) will be charged from mains power around the clock, dramatically increasing power demand from the electricity grid in coming years. Nuclear power is expected to play a crucial role …