Nuclear Power Demand to Grow With Green Energy
Date: May 9, 2018
Nuclear power is crucial for generation of electricity around the world. The demand for cleaner energy sources are accelerating and developing markets such as China and India are in need of stronger energy infrastructure. A research report published by the World Nuclear Association, explains that Mainland China has 36 nuclear power reactors in operation, 21 under construction, and more starting construction. The increased growth of nuclear power in China is mostly attributed to air pollution from coal-fired plants. The new reactors being built are expected to be the world’s most innovative, designed to double nuclear capacity of about 58 GWe by 2020-21, then up to 150 GWe by 2030, and much more by 2050. Anfield Energy Inc. (OTC: ANLDF), Uranium Energy Corp. (NYSE: UEC), Energy Fuels Inc. (NYSE: UUUU), Ur-Energy Inc. (NYSE: URG), Denison Mines Corp. (NYSE: DNN)
According to a recent report by the World Nuclear Association, “Access to electricity and the need for clean air are vital. Electricity consumption will continue to rise whilst more people require access to electricity for a better quality of life. At the same time it is important that there is a reduction in air pollution and greenhouse gas emissions. The Harmony goal is based on the International Energy Agency’s 2°C Scenario, which sets out a pathway that avoids the most damaging consequences of climate change… Achieving the Harmony goal means nuclear energy capacity must triple globally by 2050.”
Anfield Energy Inc. (OTCQB: ANLDF) is also listed on the TSX Venture Exchange under the ticker (TSX-V: AEC). On April 25th the company announced that it has, “identified vanadium exploration targets in its recently-acquired exploration database of mining projects in the Western United States. These targets, found in both Colorado and Utah, are considered complementary to Anfield’s Utah-based Shootaring Canyon mill as Anfield could include a vanadium processing circuit on this asset. Moreover, these vanadium projects could serve as a potential extended vanadium project pipeline beyond the Velvet-Wood uranium/vanadium project on which Anfield has previously announced a vanadium exploration target. Finally, Anfield’s prospective energy partners have shown an increasing interest in the Company’s vanadium assets due to the recent upturn in the vanadium price – from US$4.00 to US$15.00 per pound.”
Corey Dias, Anfield CEO, states, “The identification of potential vanadium targets in in our recently-acquired database offers a distinct advantage to the Company. Further to our news release on December 13, 2017, Anfield has already identified a vanadium exploration target of between 6.3 million pounds and 9.7 million pounds at its past-producing Velvet-Wood uranium mine – at which vanadium was previously produced as a byproduct – and the potential to create a significant pipeline of vanadium projects is compelling. This is even more attractive to Anfield as it holds one of only three licensed, permitted and constructed uranium mills in the U. S., and the ability to add a vanadium processing circuit to the Shootaring Canyon mill provides a strategic advantage to the Company in relation to its peers as Anfieldcould accelerate the vanadium production process.
“Vanadium is increasingly being embraced by battery manufacturers as a core material in the production of batteries to be used in both small-scale and large-scale applications; in fact, vanadium redox-flow batteries (VFBs) have started to grow in influence as energy companies look to improve energy storage. This ranges from grid-scale uses, such as Prudent Technology’s use of a VFB for its solar installation in Italy, to smaller-scale uses such as Warren Buffett’s BYD company using vanadium batteries for its electric vehicles and Subaru using a VFB to power its Subaru G4e vehicle. Vanadium is clearly viewed as an attractive alternative to other battery technology sources. Anfield is fortunate in having the ability to exploit two energy metal resources together, both with highly positive demand projections: uranium and vanadium”.
