Mentioned:
The race for nuclear energy infrastructure is bringing together Sweden and the United States of America.
What’s happening:
- The government of Sweden and the United States Department of Energy have entered into a new agreement focused on collaborating on new breakthroughs in nuclear energy infrastructure
The big idea:
- Sweden and the United States of America will collaborate closely on policy, research and funding for accelerating nuclear power capacity in their respective countries
Why it matters:
- Sweden has some of the most historically significant uranium deposits in all of Europe, including the notable Viken Deposit which is owned by District Metals (TSXV: DMX)
Going deeper:
- The United States has been making a significant push to ensure they have domestically sourced uranium, recently announcing a new multi billion dollar funding commitment for American low enriched uranium
- Sweden currently has a ban on uranium mining, which is widely anticipated to change due to the critical need for new sources of uranium supply within Europe to power the energy transition
The intrigue:
- Bill Gates founded TerraPower which recently began construction of their leading edge nuclear power plant in Wyoming, which is backed by the single largest grant ever given to a private company by the United States Department of Energy’s Advanced Reactor Demonstration Program
