Why Nuclear Power is a Smart Investment

September 21, 2016 by  
Filed under Industrial, Investment

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nuclear-cooling-towers-flowersWhether you’re looking to invest in energy companies, or a major player in the market yourself, nuclear represents an opportunity easily overlooked. The stigma associated with nuclear has clouded the media’s view on this valuable source of energy, but as this article explores, nuclear is part of a viable path forward to power the world’s energy demands.

Demand

According to reports from the World Nuclear Association, and the International Energy Agency, energy demand will increase by as much as 81% before the year 2040. Wind and solar can’t meet those demands, but they can help to augment a future power grid. Over reliance on fossil fuels is slowly losing to the cleaner energy provided by nuclear power.

According to experts like Dev Randhawa, CEO of Fission Uranium, the United States is one of many new countries that are initiating new reactor building projects in a greater plan to lower emissions.

Risks

The primary risk of nuclear power is the effects of radiation exposure, but recent research suggests that not only are nuclear power plants safer, they last longer too. Previous projections put nuclear power at roughly 25 years of operation, which barely made sense from an economic standpoint. Today, scientists and engineers have found the lifespan of these reactors to be closer to 75 years.

In addition, each reactor contains multiple layers of safety that could theoretically fail one after another, but the risk probability is decreasingly miniscule as each layer is applied. In some studies, it has been implied that coal emissions are responsible for more deaths than existing nuclear meltdowns.

However you choose to view radiation exposure, the simple fact is that reactors themselves have become less prone to breaches. Famous incidents like Chernobyl were the exact teaching tools used to develop the safety protocols of today.