- Seth Grae, CEO of Lightbridge (LTBR, Financial), discusses nuclear energy's crucial role in global energy demands on Schwab Network’s “Morning Trade Live”.
- U.S. plans to triple nuclear power capacity by 2050, potentially adding 200 large reactors.
- Lightbridge Fuel technology aims to enhance nuclear plant efficiency and economics.
Seth Grae, the CEO of Lightbridge Corporation (LTBR), recently appeared on Schwab Network's “Morning Trade Live” to discuss the rising importance of nuclear energy in meeting global energy demands. He highlighted the increasing need for reliable energy sources, particularly from data centers supporting AI technologies and industries focused on decarbonization.
During the interview, Grae emphasized nuclear power's advantage over renewable energy sources like solar and wind, which face intermittency issues. Nuclear energy's reliable power output makes it a suitable option for continuous power requirements, which is becoming increasingly crucial as demand from AI-driven data centers grows.
The discussion also covered ambitious plans for the U.S. to triple its nuclear power capacity globally by 2050. This expansion could lead to the addition of approximately 200 large reactors domestically, potentially increasing nuclear energy's share of U.S. electricity from the current 19% to over 50% by 2050. This strategic move aims to bolster American energy independence and reduce reliance on Russian fossil fuels.
Furthermore, Grae highlighted the economic benefits of Lightbridge Fuel technology. The innovative approach is designed to increase power output from both existing nuclear plants and new constructions, thereby improving the overall business case for further nuclear plant development. This reflects Lightbridge's alignment with broader energy trends and its potential role in the future energy landscape.
For more details, you can watch the full interview on Lightbridge's official YouTube channel. The video provides further insights into the company's strategic direction and the transformative potential of its advanced nuclear fuel technology.
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