New Nuclear Power Construction and the “Pursuit of Net Zero” Benefit US Nuclear Corp.
LOS ANGELES, Feb. 22, 2022 (GLOBE NEWSWIRE)
-- via NewMediaWire –
On February 10, 2022, France announced plans to build 14 new nuclear power
plants in its move to combat global warming and provide a low-carbon source
of energy. With approximately 114 new power reactors on order or planned
globally and over 300 more proposed, US Nuclear Corp. (OTCQB: UCLE) stands
poised for substantial benefits from this new construction. Each nuclear
power plant requires about $12 million in radiation monitoring equipment
and US Nuclear has the right advanced products to supply $10 million worth
of that equipment.
The
International Energy Agency (IEA) projects nuclear power to more than
double from 2020 to 2050. There are currently about 440 nuclear power
reactors operating in 32 countries, with 30 additional countries
considering, planning, or starting nuclear power programs. Most of the
new nuclear power construction will be focused in Asia, with construction
commencing on 20 new reactors in China and 8 in India by 2027. Here in
the US, nuclear power growth has been flat the past several decades, but
fortunately, that will change this year with the commissioning of Southern
Company’s Vogtle 3 and 4.
Currently, two-thirds of world power generation
is from fossil fuels. As carbon dioxide and methane emissions continue to
rise, renewables just can’t keep up with the growing global energy
consumption and demand. It could take decades to curb global greenhouse
emissions. Nuclear power (fission and then fusion) are the best solutions
to provide the needed, clean source of base load energy. At the same
time, 45% of the world still does not have reliable energy and 13% have no
access to electricity at all.
US Nuclear’s main subsidiaries, Technical Associates and Overhoff Technology, are frequent suppliers of radiation monitoring equipment to traditional nuclear power plants as well as to the public and private developers of innovative new designs for big and small reactors fueled by thorium, pebble beds, and even by tritium for fusion power. Technical Associates specializes in providing continuous water and air monitors (CAMS) for monitoring radiation levels in workplace air and stacks, as well as area monitors for worker exposure. Overhoff provides the equipment to monitor tritium, which is produced during the operation of all types of nuclear power plants.
Safe Harbor Act
This press release includes "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations, estimates and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "continue," and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results.
Investors may find additional information regarding US
Nuclear Corp. at the SEC website at http://www.sec.gov, or the
company’s website at www.usnuclearcorp.com.
CONTACT:
US Nuclear Corp.
(OTCQB: UCLE)
Robert I. Goldstein, President, CEO, and Chairman
Rachel Boulds, Chief Financial Officer
(818) 883 7043
Email: info@usnuclearcorp.com
www.usnuclearcorp.com
www.tech-associates.com
www.overhoff.com
