Nuclear power demand expected to grow 60% over 20 years
The US government is backing the expansion of nuclear power, aiming to increase production from 100 gigawatts to 400 gigawatts by 2050.
This growth is driven by the need for reliable and carbon-free energy sources, with power demand expected to rise 60% over the next 20 years.
Investors can play the sector through companies like Cameco, which produces and sells uranium, or Brookfield Renewable, which shares ownership of Westinghouse, a major service provider to the nuclear power industry.