Tripling nuclear capacity is possible – uranium needed

On Energy Day at the UN Climate Change Conference COP30 in Brazil, the World Nuclear Association stated that nuclear capacity could be tripled.

Advertisement/Advertising – This article is distributed on behalf of Uranium Energy Corp., Uranium Royalty Corp., with which SRC swiss resource capital AG has paid IR consulting agreements. Creator: SRC swiss resource capital AG · Author: Ingrid Heinritzi · First published: 19.11.2025, 7:10 p.m. Zurich/Berlin

According to a preview of the World Nuclear Outlook Report 2025, which is due to be published later this year, it will be possible to achieve this goal by 2050. This goal has already been confirmed by 31 countries at COP28 and COP29. Around 440 nuclear power plants are currently in operation, with at least 70 under construction. According to calculations, nuclear energy capacity will even exceed the target of 1,363 GW by 2050, reaching 1,428 GW. To achieve this, existing plants will have to operate for longer, up to 80 years. The construction time for new plants must also be shorter, and the development of small modular reactors must be accelerated. 

China, the US, France, India, and Russia alone are estimated to be responsible for a capacity of just under 1,000 GW. In any case, the World Nuclear Association concludes that a tripling of nuclear capacity is possible. This will naturally lead to an increase in demand for uranium. The International Energy Agency is also in favor of reviving nuclear energy. And the number of countries supporting the tripling is now 33, as Senegal and Rwanda have recently joined the initiative. Until now, Senegal has generated almost all of its electricity from fossil fuels. At COP28, 25 countries were committed to expanding nuclear energy, and at COP29, that number had already risen to 31.

The energy transition to clean and reliable energy is therefore supported by a wide range of efforts by the international community. The investor community, financial institutions, and energy consumers all see nuclear energy as a cornerstone for achieving climate goals. Uranium companies will therefore have enough buyers for their uranium.

Uranium Energy – https://www.commodity-tv.com/ondemand/companies/profil/uranium-energy-corp/ – owns diversified uranium assets and ISR uranium projects in the US, with additional projects in Canada. Uranium mining, processing, refining, and conversion are part of the business.

Uranium Royalty – https://www.commodity-tv.com/ondemand/companies/profil/uranium-royalty-corp/ – stands out as the only royalty company in the uranium market. This gives investors unique diversification in the uranium sector. The company has just added a royalty on two uranium projects in Saskatchewan to its portfolio.

Current company information and press releases from Uranium Royalty (- https://www.resource-capital.ch/en/companies/uranium-royalty-corp/ -) and Uranium Energy (- https://www.resource-capital.ch/en/companies/uranium-energy-corp/ -).

Source:

https://world-nuclear.org/our-association/publications/global-trends-reports/world-nuclear-outlook-report

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