U.S. nuclear power capacity to triple by 2050, fueled by demand for reliable, carbon-free energy.

The U.S. nuclear power sector is poised to triple its capacity by 2050, driven by rising electricity demand and the need for reliable, carbon-free power. Energy Fuels Inc., a major uranium mining company, stands to benefit significantly from this growth. The Inflation Reduction Act has allocated $2.72 billion for a domestic nuclear fuel supply chain and $900 million for small modular reactors (SMRs). Tech companies are increasingly investing in nuclear power to meet their clean energy needs, pushing the sector's expansion.

November 17, 2024
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