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This is our current Special Report on Nuclear Stocks. We continue to be excited about this sector because it is shaping up as one of the future key energy sources. Just look at all our positive stock recommendations.
We turned positive on uranium two and a half years ago, and since then the price has climbed 150%, which mirrors the rise in the ASX flagship stock Paladin Energy (PDN) which we first recommended as a buy in April 2021.
In June 2021 we recommended the smaller Boss Energy (BOE) whose operations are in South Australia. This stock has returned a stunning 230% since then, and you can check it out in our list of Best Stocks to Buy.
Fast forward to today and if anything, the fundamentals of the uranium sector have improved, which is highlighted by Paladin’s production being on track for early next year. We remain positive for both the sector and select individual stocks, which we will be covering this week and next.
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NUCLEAR ENERGY WINS HANDS DOWN
Different forms of renewable energy require different land areas.
The World Economic Forum calculated land use based on a life-cycle, accounting for the land of the energy plant itself, as well as land used for the mining.
Nuclear energy uses the least amount of land, requiring a median of 0.7 meters squared (m2) per MWh of electricity generated. While solar needs over 31 times more land at 22m2 per MWh and wind, a whopping 141 times more at 99m2 per MWh. Wind is high, partly because land between wind turbines can often be used for other purposes such as farming, which is not the cases for other energy sources. Offshore wind can also be an option, but would be influenced by factors such as geography, sea lanes and nature conservation.
REQUIREMENTS VARY BY COUNTRY
A major consideration is the country itself. For instance, a country like Australia may have ample land for both solar and wind generation. However, there may be other factors at play such as land availability for energy transmission, where new transmission lines may intersect a great number of individual land holdings, which have multiple uses which could include include farming.
Land use is particularly pertinent for relatively densely populated countries such as in Europe because it is is already tied up for various uses.
WHY GERMANY SHOULD CONSIDER NUCLEAR POWER
While Germany has abandoned nuclear power generation, the European power is finding that has not been able to replace the lost energy with solar and wind renewables. Power costs have shot up and investment by industry has been stifled. Certain key industries like chemicals have been threatened. The German economy has weakened considerably over a very short time.
INVESTMENT CONCLUSION: TAKE ADVANTAGE OF THE GROWING DEMAND FOR NUCLEAR POWER
The spike in energy prices in highly populated countries is causing energy planners to investigate how quickly solar and wind generation can be installed, as well as impediments. It is no wonder that countries are increasingly turning to nuclear as perhaps the only practical renewable energy solution available.
The table above highlights the growing demand for nuclear power from the existing base of nuclear energy plants. Given the pressures facing net zero global goals, the planned pipeline and demand for uranium fuel is likely to increase.
"The spike in energy prices in highly populated countries is causing energy planners to investigate how quickly solar and wind generation can be installed, as well as impediments. It is no wonder that countries are increasingly turning to nuclear as perhaps the only practical renewable energy solution available."