These days, it seems like everyone is talking about green energy. And with good reason; the need to find cleaner, more sustainable sources of energy has never been more urgent. But while wind and solar power are often touted as the best options for a greener future, there’s one potential source of renewable energy that tends to get overlooked: nuclear power.
Investing in uranium explorers is the key to long term energy profits. Here’s why.
Uranium is the key to nuclear energy, which is the key to green energy.
Nuclear plants don’t produce any carbon emissions, so they’re much cleaner than traditional coal-fired power plants. In fact, according to the World Nuclear Association, “the emissions from a typical nuclear power plant over its lifetime are equivalent to those from a wind turbine operating for about six months.”
Not only is nuclear power cleaner than other forms of energy generation, it’s also more reliable. Solar and wind power are intermittent, meaning they only generate electricity when the sun is shining or the wind is blowing. Nuclear plants, on the other hand, can operate around the clock, providing a steady stream of low-carbon electricity.
That reliability is crucial as we move away from fossil fuels and toward renewables. As more and more countries set ambitious goals for reducing their carbon emissions, the need for low-carbon baseload power—power that can be generated around the clock—will only grow. And that’s where uranium comes in.
Uranium is the key ingredient in nuclear reactors, and there’s no shortage of it. In fact, according to the World Nuclear Association, “there are sufficient known uranium resources to last for several centuries at current consumption levels.”
Of course, there are some risks associated with uranium mining and nuclear power generation. But those risks can be mitigated with proper regulation and oversight. And when you consider the risks posed by climate change—risks that could potentially lead to widespread devastation—the case for investing in uranium exploration companies becomes even stronger.
At Equity.Guru, we have long talked up the potential of companies like Skyharbour (SYH.V), Standard Uranium (STND.V), Azincourt Energy (AAZ.V). These three companies are early stage explorers that offer some risk (as is always the case with mineral explorers), but also the potential for high reward.
The need to find cleaner, more sustainable sources of energy has never been more urgent. Nuclear power is often overlooked as a potential solution, but it has a number of advantages over other forms of renewable energy generation—namely, its 24/7 reliability and low carbon emissions. Uranium is the key ingredient in nuclear reactors, and there’s no shortage of it. That makes investing in uranium explorers a smart long-term bet for anyone looking to profit from the shift away from fossil fuels.