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Nuclear Power Making a Much-Needed Comeback

The United Kingdom is investing in nuclear power. The government announced a £75 million investment in nuclear fuel for nuclear plants. This means that businesses that enrich uranium can apply for grants.

The government says that it is doing this to reduce its dependence on Russian fuel. They will also have to shop around Russia for uranium, given that Russia enriches about 40% of the world’s uranium. They say that they’re on that one but they don’t say which country they’ll go to.

Japan is also re-investing in nuclear energy but the Financial Times is reporting that it is slow going since resources for nuclear power dried up after the Fukushima disaster. Still, companies such as Mitsubishi, Hitachi and Toshiba are investing in nuclear energy in Japan and so is EDF in France, NuScale and GE in the U.S., and Rolls-Royce in the U.K.

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