Q: What drives space travel, medical miracles and is the world’s largest source of clean energy?
A: Nuclear science
Nuclear powers cities and towns, and drives many of the high-tech things we love. And the source of nuclear power is uranium. This is why Laramide’s strategy is to develop high value, high-quality uranium deposits in the safe, stable jurisdictions of the United States and Australia. The need for clean reliable nuclear energy is growing around the world, and in particular, nuclear sectors in China, India, Russia and the Middle East are flourishing.
Fast Facts Sources: World Nuclear Association, International Energy Agency, Nuclear Energy Institute, US Energy Information Administration, Market Analyst reports.
How do nuclear plants operate?*:
Nuclear plants, like plants that burn coal, oil and natural gas, produce electricity by boiling water into steam. This steam then turns turbines to produce electricity. The difference is that nuclear plants do not burn anything. Instead, they use uranium fuel, consisting of solid ceramic pellets, to produce electricity through a process called fission.
Nuclear power plants obtain the heat needed to produce steam through a physical process. This process, called fission, entails the splitting of atoms of uranium in a nuclear reactor. The uranium fuel consists of small, hard ceramic pellets that are packaged into long, vertical tubes. Bundles of this fuel are inserted into the reactor.
*Definition provided by the Nuclear Energy Institute.