Some of the world's largest companies pledge support for tripling nuclear energy capacity by 2050
This is massive, given the sheer amount of capital and political sway that these companies hold. It's simply a game-changer. These companies need reliable, carbon-free baseload power and nuclear is the only solution, as we have seen from previous agreements such as the restart of one of the Three Mile Island units. What feeds these reactors? Uranium, which is already in a structural supply/demand deficit. No uranium, no reactor output, simple as that.
The biggest hurdle for nuclear in the West? Financing. With institutional support rolling in, that barrier is breaking. More reactors mean more uranium demand, more enrichment, and more long-term contracts. Nuclear is well and truly back on the menu and uranium is the only fuel that makes it possible.