(OTC:FCUUF) is positioned to benefit as the market begins to favor alternative energy sources over oil and gas. With the Russian invasion of Ukraine, Fission Uranium Corp. (OTC:FCUUF) is located in the Athabasca Basin uranium district in Canada, developing top quality, near-surface Triple R uranium deposit. (NYSE: LEU), BHP Group Limited (NYSE: BHP), and Rio Tinto Group (NYSE: RIO). Power generation is shifting from oil and gas towards alternative sources like nuclear energy amid the Russian attack on Ukraine, and some of the most notable nuclear energy companies in focus as of 2022 are Centrus Energy Corp. The Biden administration believes that the 94 American nuclear reactors will be 'absolutely essential' to realize its ambition of a net-zero economy by 2050. The Build Back Better bill also includes around $20 billion-$25 billion for subsidizing older nuclear reactors. The White House requested $1.8 billion for nuclear energy in its fiscal 2022 budget, a 50% increase from last year's levels. This is due to high demand for power in this region, since power shortages and relentless smog in countries like India and China are shifting the focus on clean energy, specifically nuclear energy.įortune reported on February 28 that the Biden administration is bullish on nuclear power to solve the climate crisis. In 2020, Asia-Pacific dominated the global nuclear power and equipment market, and it is projected to remain the fastest growing region during the forecast period of 2021–2030.

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