Nuclear Energy Is Winning Repeated Government Backing and Investors Should Take Notice
Nuclear power is increasingly seen as a solution to the world's growing power needs, which should put these stocks on your radar today.
Overview
Nuclear power is carbon-free, so it is technically a clean power source. And it is always on, so it is a reliable base-load power source. With power demand expected to grow 60% over the next 20 years, up from 10% over the last 20 years, nuclear is increasingly seen as a key part of the supply equation. One big story investors don't want to miss is the huge support the nuclear power industry is getting from the U.S. government.
The U.S. nuclear power fleet produces around 100 gigawatts of power today. The goal of Donald Trump's May 2025 executive order is to reach 400 gigawatts by 2050. There will be many steps in that process, including on the regulatory and financing fronts. Already, the groundwork has been laid to test new reactor technologies and to provide funding for both nuclear power start-ups and existing nuclear power companies seeking to expand.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.