Uranium ETFs: How to Play Bill Gates’ Nuclear Energy Bet

Nuclear Power Plant – Uranium Bill Gates is betting on the future of nuclear energy as his next generation nuclear power plant, TerraPower, started construction last week.

While his company is privately held, exchange-traded fund investors can gain exposure to nuclear energy’s growth potential with uranium ETFs.

Nuclear power plants use controlled nuclear fission of enriched uranium to generate heat that boils water to create steam and spin turbines for electricity.

Gates’ next generation nuclear power plant uses liquid sodium, which has a boiling point eight times higher than water’s. So, according to Gates, “it can absorb all the extra heat generated in the nuclear core,” limiting temperatures that might cause a meltdown.After last week’s groundbreaking event in Kemmerer, Wyo., Gates remarked in his blog that he expects the site “will soon be the bedrock of America’s energy future” and that the move represents “the biggest step yet toward safe, abundant, zero-carbon […]

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