Musk is in favor of a rapid expansion of nuclear energy, because otherwise there is a threat of an energy crisis as early as two years from now. The energy demand caused by the increasing applications in the field of artificial intelligence is a decisive factor here, he says. Because AI needs a lot of electricity. In the U.S., for example, electricity consumption is expected to triple by 2045, according to Musk’s calculations. U.S. utilities predict a 70 percent increase over the next 20 years, which is no small feat either. The expansion of renewable energies does not seem to be progressing fast enough. The German Federal Network Agency, for example, expects electricity demand in this country to double by 2050.

Whether an energy passport is imminent in Germany remains to be seen. In any case, there is the threat of a permanent gas cut-off from Russia and this could have consequences. Although thousands of wind and solar plants are running in this country, it is questionable whether this will be enough. Supply security and independence with renewable energies alone will not work. The extent to which other countries rely on nuclear power can be seen in the figures. Nuclear power plants are being built and planned around the world. There are currently more than 400 nuclear reactors in operation worldwide. China plans to start 45 new nuclear reactors in the next 15 years. The country is thus planning the most new nuclear power plants. It is followed by Russia and India. Uranium demand is therefore increasing worldwide, even if Germany is taking a different path. Companies with uranium in the ground will therefore not have to look far for customers for their uranium.

There is IsoEnergy – https://www.commodity-tv.com/ondemand/companies/profil/isoenergy-ltd/ -, for example, with its promising uranium projects in Saskatchewan, in the eastern Athabasca Basin.

In Canada and the USA, Uranium Energy – https://www.commodity-tv.com/ondemand/companies/profil/uranium-energy-corp/ – owns uranium projects, some of which are ready for operation. The company also owns a stake in the only royalty company in the uranium sector.

Current company information and press releases from Uranium Energy (- https://www.resource-capital.ch/en/companies/uranium-energy-corp/ -) and IsoEnergy (- https://www.resource-capital.ch/en/companies/iso-energy-ltd/ -).

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