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- US Nuclear Corp. (OTC-QB: UCLE) stands to benefit significantly from today’s unprecedented challenges in power generation. Big investors and government entities are buying uranium mines, uranium metal and investing in the new small SMR nuclear reactors as they sense an upcoming nuclear energy renaissance as the world tries to move away from climate-modifying carbon fuels, especially Russian oil and gas. , and coal, while fearing soaring fuel prices. The last remaining solution to fill this vital void is nuclear power.
- Global demand for oil and gas is straining capacity and creating an unprecedented need for nuclear power. Wind and solar are the main energy providers, but their energy density is far too low to fill the void
- In addition to being a powerful and reliable source of energy, nuclear energy is carbon free.
- The price of uranium has been rising sharply for a year, which tends to predict strong growth in nuclear energy because it is the fuel that powers a nuclear reactor.
- There are currently 440 nuclear power plants in operation and 55 under construction with much larger numbers planned
- US Nuclear Corp. is a leader in providing reliable and dependable commercial radiation monitoring systems for nuclear power plants, hospitals and surveillance drones. American nuclear air and drinking water monitoring systems are also of great value in the event of nuclear accidents or nuclear attacks.
- Fortune Business Insights reports $32.44 billion for the nuclear power plant equipment market in 2021 and if a strong trend towards nuclear power develops as expected, this growth plot could turn hyperbolic
LOS ANGELES, CA, May 23, 2022 (GLOBE NEWSWIRE) — via NewMediaWire — US Nuclear (OTC-QB: UCLE) is perhaps one of the most recognizable names in the nuclear industry and is poised to garner a substantial amount of new business from the sudden resurgence of nuclear energy.
Energy demand was straining supplies before covid, but when covid hit demand crashed and there was a gigantic glut of oil and gas. Now that covid is starting to peek into the rearview mirror, energy demand is at an all time high and combined with the Russian invasion of Ukraine causing deep cuts in oil and gas supply, prices are approaching historic highs with production at its peak. Most energy experts predict a sharp rise in energy costs as generation capacity peaks while demand continues to grow.
Wind and solar are the obvious choices to consider, but upon further analysis, their energy density is simply insufficient to tell the difference. Too many wind turbines and solar panels would be needed.
Nuclear is the only answer left. It is extremely powerful and clean with zero carbon emissions.
Many nuclear power plants have been shut down in recent years for several reasons. However, now that the demand for energy exceeds the supply, many nuclear power plants are considering returning to service, and many new plants are in the works and on the drawing boards.
Uranium is primarily used to fuel nuclear power plants and the price has soared in recent months, suggesting that the money is betting on a strong resurgence in nuclear power plants.
With the small modular reactors available today and the reopening of old nuclear power plants, it makes a lot of sense that nuclear is a clear solution.
US Nuclear Corp. is one of the oldest and most reputable suppliers of radiation monitoring systems to the nuclear industry. These systems must be 100% accurate because many lives depend on them. Radiation monitors are large and sophisticated and a single nuclear power plant requires around $10 million worth of these monitors plus any other additional equipment they require. US Nuclear prides itself on having the best and most reliable in the industry and they have been doing so since 1960.
US Nuclear is reporting strong sales at just over $2 million for 2021, but what if orders start coming in from multiple nuclear power plants? Yes, they would be very busy and sales could become very large in a relatively short period of time.Safe Harbor Act
This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations, estimates and projections and, accordingly, you should not not rely on these forward-looking statements as predictions of future events. Words such as “expect”, “estimate”, “project”, “budget”, “expect”, “anticipate”, “intend”, “plan”, “may”, “will” , “could”, “should”, “believes”, “predicts”, “potential”, “continues” and other similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause so that actual results differ materially from expected results.
Investors can find additional information regarding US Nuclear Corp. on the SEC’s website at http://www.sec.gov or on the Company’s website at www.usnuclearcorp.com.
US Nuclear Corp. (OTC-QB: UCLE)Robert I. Goldstein, Chairman, CEO and President Rachel Boulds, Chief Financial Officer(818) 883 7043Email: [email protected]
US Nuclear Corp.
Rising uranium prices are a precursor to demand for US nuclear products
Source: US Nuclear Corp.