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US Fast Making Nuclear Power Core of its Energy Mix
Jan 23, 2009
RNCOS in its new research report, “US Nuclear Energy Outlook”, says that the US is expected to become the world’s largest consumer of nuclear energy in future, with total consumption nearing 917 Billion KWh by 2030.
The US is adding nuclear power in its energy portfolio to enhance the security and diversity of energy supplies. As the supply of traditional energy sources is disrupted, the US has increased focus on the expansion of its nuclear industry. Nuclear energy not only represents an important hedge against volatile fossil fuel prices, but also offers prospect of low and stable running cost.
Another important factor driving growth in the US nuclear power industry is license renewals by the government. Along with the license renewal of old plants, the growth potential of the nuclear industry is reflected by upcoming reactors which are either in planning phase or under proposal. Thus, the government participation and public acceptance are likely to take the cumulative installed capacity to 7,272.73 MWe by 2013 end.
Although the prospects of the US nuclear power industry are very bright, availability of uranium will remain a big challenge for it. Over the last 20 years, no fresh investment has been made in uranium mines to raise the production. This will lead to uranium shortage with rise in the number of reactors and increasing capacity utilization of existing reactors. Besides, the nuclear power industry requires more government participation than other energy technologies.
However, despite these challenges, nuclear power will continue to represent a key segment in the US energy sector.
“US Nuclear Energy Outlook” gives comprehensive information on the increasing role of the US nuclear industry at global level. It analyzes the present status of the industry to find out investment opportunities. It discusses the current market trends, potential growth areas and gives future forecast on sub-segments of the industry. The forecast given in the report is not based on a complex model, but is intended to give a rough idea to investor about the direction in which the market is likely to move.
The report gives forecast on nuclear energy consumption share, minimum contracted uranium deliveries and uranium demand-supply gap.
For more information visit: http://www.rncos.com/Report/IM160.htm
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