Uranium has become an integral resource in powering a cleaner world, and companies like Forsys Metals (TSX:FSY, OTC:FOSYF) are gearing up to lead the revolution. Nuclear power accounts for around 25 per cent of the world’s low-carbon electricity production as a low-carbon reliable, and as a secure source of generation it is expected to play a key role in future energy supply.
The key advantage of nuclear is its proven ability to provide reliable and economic baseload power on a near-zero carbon basis. In the United States, nuclear energy currently provides around 48 per cent of the country’s carbon-free electricity, and in the European Union it accounts for 40 per cent of the region’s carbon-free electricity.
Between the forecast period 2021 to 2040, it is expected that global demand for electricity will grow by a staggering 50 per cent. So what does this mean for the uranium…
