Nuclear energy is experiencing a resurgence, as more entities turn to the power source to address growing energy demands while meeting carbon-reduction goals.
At the UN Climate Change Conference (COP28), numerous countries, including the United States, France, Japan, and the United Kingdom, pledged to triple global nuclear energy capacity by 2050
What makes nuclear particularly compelling is its unmatched capacity factor. According to the U.S. Department of Energy (DOE), nuclear plants operate at a capacity factor of around 92%, 1.5 times higher than natural gas and four times that of solar.
Major technology companies are increasingly turning to nuclear power. The DOE has implemented reforms to streamline permitting, speed up testing, and accelerate the commercial deployment of next-generation nuclear technologies. With such powerful tailwinds over the coming decades, here are two nuclear energy stocks investors can buy in August.