Dear Moneynews Reader,
Over the weekend the United States confirmed its support of nuclear energy.
It didn’t do it with a press release or news conference, but rather with direct action.
The federally-owned Tennessee Valley Authority said it plans to finish building the Bellafonte 1 nuclear reactor it started in the 1970s.
Directors of the TVA voted unanimously in favor of doing so, citing advanced new safety measures as the reason.
This comes after they completed Browns Ferry Unit 1 in 2007 and while they’re working on completing Watts Bar Nuclear Unit 2. Both of those plants had been stalled since the 70s as well.
A nuclear renaissance is indeed underway.
The utility, which already operates six nukes, says that cutting its pollution is a top priority and the most effective way to do so is by building clean base-load nuclear generators.
Adding clean coal technology to its coal plants would be more expensive than building a new, clean reactor. Their words, not mine.
Indian Prime Minister Manmohan Singh was out touting the industry this past weekend as well, telling the world he’s “convinced that nuclear energy will play an important role in our quest for a clean and environmentally friendly energy mix.”
Earlier this month India outlined plans for two new reactors with plans for many more to follow.
Again, the safety of advanced new reactors and fuels was cited as the main reason.
So what’s going on here? How has nuclear gone from Fukushima panic to coveted asset in five months?
I’ll tell you what I think…
The world is starting to learn about a new nuclear fuel.
A single pellet of this fuel the size of my pinkie can generate as much heat as a ton of high-quality coal — with zero emissions.
Early tests show it could help prevent any type of meltdown from ever happening again.
The technology is completely controlled by a 20-cent company.
But with GE, Hitachi, and Toshiba already signed-on to help develop and spread the fuel’s use across the globe, it won’t stay that way for long.
Every expert I’ve talked to says this is the next big thing for energy. And I filmed what some of them had to say so you could see it for yourself.
Call it like you see it,
Editor, Alternative Energy Speculator