![]() ![]() In a nuclear energy plant, heat is produced from splitting atoms – a process called nuclear fission. Power plants that run on fossil fuels burn coal, oil or natural gas to generate heat. The difference is in how the heat is created. The pressure of the steam turns a generator, which produces electricity. The chain reaction produces the energy, which turns water into steam. As the teams at both ENEC and Nawah prepare for the plant to transition from a construction project to an operating facility, they work to ensure that it meets the highest national and international standards of quality, and benefit from global operating experience.Ī nuclear reactor produces electricity in much the same way other power plants do. In 2016, ENEC established Nawah Energy Company, which is responsible for operating and maintaining the four reactors at Barakah. This is equivalent to removing 3.2 million sedan cars from the UAE’s roads. Once fully operational, the plant will prevent the release of more than 21 million tonnes of greenhouse gas emissions per year. Each reactor is designed to produce 1,400 megawatts (MW) of electricity with nearly zero carbon emissions.īuilt to operate for 60 years or more, these reactors will provide efficient and reliable low-carbon electricity to the nation for generations to come. In the UAE, the Barakah Nuclear Energy Plant, located in the Al Dhafra Region of the Emirate of Abu Dhabi, is home to four reactors. Nuclear energy has one of the lowest environmental impacts on land and natural resources of any electricity source. Nuclear generation is the only source of electricity that can produce a constant supply of power – known as baseload power-reliably without emitting greenhouse gases. Practically speaking, nuclear energy uses fuel made from mined and processed uranium to make steam and generate electricity. The common definition for nuclear energy is the energy released by a chain reaction, especially by fission or fusion. ![]() Today, more than 400 commercial reactors operate in more than 30 countries. Nuclear meltdowns at Three Mile Island in 1979, Chernobyl in 1986, and Fukushima in 2011, and the disposal of nuclear waste, have caused the public to grow concerned about the safety of nuclear power plants and have contributed to Americans’ unwillingness or reluctance to embrace nuclear energy.Nuclear energy provides efficient and reliable electricity around the world. ![]() There has been opposition to the building of new reactors, and some of the older ones are being decommissioned with no plans for replacement. Nuclear energy is viewed as a clean source of power because of its low carbon emissions, but producing nuclear energy-especially with the construction of new reactors-poses challenges due to environmental and health risks from radiation exposure. What Are the Disadvantages of Nuclear Energy? Texas-based Uranium Energy (NYSE: UEC), which has a processing plant in the state, and has mining projects in the U.S., Canada and Paraguay.BHP (NYSE: BHP), which is known primarily for mining precious and industrial metals in Australia, but does have uranium mining assets in remote areas and,.Canada-based Cameco Corporation (NYSE:CCJ), which operates the world's second-largest high-grade uranium deposit, in northern Saskatchewan.Some companies involved in the mining and processing of uranium include: China has made equity investments in uranium mining companies in other countries such as Kazakhstan. Moreover, there are a limited number of publicly traded companies because some of the largest-uranium producing nations, such as China and Russia, tend to keep production under state control. and consequently some of the largest mining companies are likely to be based abroad. But some companies, such as Constellation Energy (Nasdaq: CEG), have plans to decommission nuclear reactors, indicating a reliance on renewables and fossil fuels for power generation.įor a pure play on uranium, the biggest producers of the radioactive material by country are outside the U.S. Power producers such as Duke Energy (NYSE: DUK) count nuclear energy as the biggest source of electricity generation that is carbon-free or has low-carbon emission. American depositary receipts on most of these utilities are available for trading on U.S. The VanEck Uranium+Nuclear Energy ETF, for one, holds shares in PNM Resources but also a lot of utilities located in other countries, such as Electricite de France and Korea Electric Power Corporation. ![]()
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