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Scotty, power!


Energy demand is growing worldwide. The largest energy consumer is China.

Last year, China consumed more than 159 exajoules. \”Exa\” stands for trillion, a trillion has 18 zeros. One exajoule stands for one trillion joules, which is equivalent to about 278 TWh. Germany consumes about twelve exajoules per year. The second largest energy consumer after China is the USA, followed at a considerable distance by India and Russia, while Germany is in ninth place. So over the last 40 years – the pandemic year 2020 was an exception – energy demand on Earth is now rising steadily. According to forecasts, Asia will be the world\-s largest energy consumer in 2050. Today, renewable energies still generate a very small part of the energy. Oil, coal and natural gas are the main energy suppliers.

In this country, a record high share of electricity in July came from renewable energy sources, namely more than 70 percent. Just under 28 percent was generated from fossil fuels. However, since demand for electricity in Germany was greater than production, some of the electricity was imported from various countries. In France, so far only about one-fifth of energy production is generated from renewable sources.

And the French rely on nuclear energy, support it, build large and also small modular reactors. For the transition to a green energy supply to succeed, nuclear energy is part of the solution, because renewables alone are not enough. Not only France, but many other countries are relying on nuclear energy as part of the energy mix. This should mean that the time has come for uranium as a raw material, because the demand for uranium is growing significantly.

Uranium companies such as Latitude Uranium (- https://www.commodity-tv.com/ondemand/companies/profil/latitude-uranium-inc/ -) and Consolidated Uranium (- https://www.commodity-tv.com/ondemand/companies/profil/consolidated-uranium-inc/ -) will benefit from this development. Latitude Uranium is developing two uranium projects, in Labrador and in Nunavut. The Labrador project in particular is considered extremely high grade. Consolidated Uranium owns the uranium in its projects in Australia, Argentina, Canada, and the United States. Utah and Colorado are home to previously producing uranium and vanadium mines.

Latest corporate information and press releases from Consolidated Energy (- https://www.resource-capital.ch/en/companies/consolidated-uranium-inc/ -) and Latitude Uranium (- https://www.resource-capital.ch/en/companies/latitude-uranium-inc/-).

In accordance with §34 of the German Securities Trading Act (WpHG), I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and that there is therefore a possible conflict of interest. No guarantee for the translation into German. Only the English version of this news is valid.

Disclaimer: The information provided does not constitute any form of recommendation or advice. Express reference is made to the risks involved in securities trading. No liability can be accepted for any damages arising from the use of this blog. I would like to point out that shares and especially warrant investments are fundamentally associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make a mistake, especially with regard to figures and prices. The information contained is taken from sources that are considered reliable, but in no way claim to be correct or complete. Due to judicial decisions the contents of linked external pages are to be answered for (so among other things regional court Hamburg, in the judgement of 12.05.1998 – 312 O 85/98), as long as no explicit dissociation from these takes place. Despite careful control of the contents, I do not assume any liability for the contents of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG applies additionally: https://www.resource-capital.ch/de/disclaimer-agb/.

Posted by on 8. August 2023. Filed under Internet, Picture Gallery. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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