TerraPower accelerates transition to net zero: How are ASX uranium stocks placed?

TerraPower accelerates transition to net zero: How are ASX uranium stocks placed?

Highlights TerraPower raised US$750 million for research and development in the nuclear technology space.

Once developed, Natrium™ Reactor and Integrated Energy Storage are expected to be amongst the first commercial advanced nuclear technologies.

Process Heat technology can convert low-rank coals into high-value coal oils and low-cost carbon fibre.

ASX-listed companies like Deep Yellow and Boss Energy are developing projects that are expected to make a major contribution to net-zero carbon emissions. In a recent development, multi-billionaire Bill Gates-backed TerraPower raised nearly US$750 million to develop and innovate possibilities of nuclear science in the field of safe and abundant carbon-free energy . The project is also inclined to research and develop new nuclear medicinal isotopes. Out of this US$750 million, South Korea’s leading energy provider SK Group invested US$250 million.TerraPower in collaboration with the government, international organisations, government laboratories, and private sector entities, is working on clean energy to curb […]

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