Money For the Rest of Us Should You Invest in Nuclear Energy?
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Nov 20, 2024 Recent interest in nuclear energy is fueled by initiatives like Microsoft's deal to reopen the Three Mile Island reactor. Nuclear power now contributes significantly to global electricity generation, especially in the U.S., amidst rising electricity demand driven by AI and climate change. The podcast highlights the efficiency and cost advantages of nuclear energy, while also tackling challenges such as waste management. Additionally, it explores investment opportunities in uranium and nuclear sectors, offering practical options for prospective investors.
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Three Mile Island Revival
- Microsoft's deal to reopen Three Mile Island's Unit 1 marks renewed interest in nuclear energy.
- This plant, infamous for a 1979 accident, symbolizes a shift in public perception.
Nuclear's Persistent Role
- Despite past accidents, nuclear power generates 9% of global electricity and 19% in the U.S.
- This is more than coal (16%), highlighting its continued importance.
Nuclear Plant Lifespan
- Most U.S. nuclear plants are old, but their lifespan can extend to 60-80 years.
- France, with the second largest nuclear capacity, plans to expand its program, despite a new reactor being costly and delayed.