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Top 5 microcap nuclear power stocks to watch in 2024 | Mint - Mint

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Top 5 microcap nuclear power stocks to watch in 2024 | Mint

Top 5 microcap nuclear power stocks to watch in 2024

Equitymaster 5 min read 11 Mar 2024, 10:54 AM IST

Summary

- The government is inviting private investment worth ₹2.2 trillion to grow its nuclear energy sector, and these five microcaps could benefit.

Nuclear energy is the fifth largest source of electricity in India, accounting for nearly 3% of the total electricity generation.

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Related Knowledge Center: ENERGY BASICS: nuclear

State of Play

Nuclear energy provides almost 20 percent of the U.S. electricity supply. Advocates have called for an expanded role for nuclear as an emissions-free fuel source. But the economics of building new reactors are daunting. In addition, lingering safety concerns are an institutionalized part of the calculation of nuclear regulation, and highly radioactive nuclear waste remains a can that public officials have been inclined to kick down the road. The Energy Information Administration projects a sharp decline in nuclear power generation over the next decade, as new nuclear plants — two are planned — are more than offset by anticipated retirements of several operating reactors.

More informationabout ENERGY BASICS: nuclear