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Some big investors are backing nuclear energy, a potential savior to the energy crisis that’s gripping the world

Debbie Carlson writes in MarketWatch on how some big investors are backing nuclear energy, a potential savior to the energy crisis gripping the world.

The C3 Take
  • The energy crunch that has been seen around the world has reiterated the importance of reliable and affordable energy in broader climate goals.
  • Investors including Bill Gates and Warren Buffet are investing in next generation innovations for our largest source of carbon free energy, nuclear power.
  • Next generation nuclear energy will need a smaller land footprint than current light water reactors require and will offer innovative safety and fuel features.
  • The private sector is producing the durable solutions that we need to reduce emissions and provide reliable power.

“However, in a time of climate triage, nuclear energy is getting a renewed look. The best-known example is Bill Gates’ advanced nuclear reactor company TerraPower, which teamed up with GE-Hitachi Nuclear Energy and Berkshire Hathaway’s BRK.B, 0.44% power company, PacifiCorp, to eventually build a next-generation small nuclear reactor using new fuel technology.”

Read the full article here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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