In the modern energy landscape, few sectors are evolving as rapidly as nuclear power and uranium. Global demand for reliable, low-carbon energy is accelerating, driven by electrification across transportation, industry, and digital infrastructure. Against that backdrop, nuclear energy and uranium markets are seeing renewed momentum, reshaping both sustainability conversations and investment strategies.
Joining Remy Blaire to examine these trends was Jeff Gitterman, managing director of Gitterman Asset Management. Gitterman pointed to the growing urgency for clean, scalable energy sources as a primary catalyst behind nuclear’s resurgence. Data centers, in particular, have become a major driver. As cloud computing, AI, and digital services expand, energy demand is surging, and major technology companies pursuing net-zero targets are increasingly turning to nuclear power as a dependable solution.
The electrification of transportation and the rising use of electric appliances further compound this demand. Renewable sources like wind and solar remain essential, but their intermittency has highlighted the need for baseload power that can operate continuously. Nuclear energy, with its low emissions and high output, is emerging as a critical complement in the clean energy mix.
On the commodities side, uranium supply dynamics are strengthening the investment case. Gitterman noted that global uranium demand is expected to more than double by 2040, while supply remains constrained. Production cuts and cautious output forecasts from miners in the U.S., Canada, and Australia have tightened the market. As uranium prices rise, previously shuttered mines are restarting, boosting profitability across the sector. Uranium-focused ETFs and mining equities have already posted strong year-to-date gains, reflecting this shift.
Geopolitics is also playing a meaningful role. Disruptions and tensions involving traditional suppliers such as Russia have pushed utilities and governments to seek more stable, politically aligned sources of uranium. This has increased interest in North American and Australian producers, reinforcing the long-term outlook for those markets.
Equally notable is the change in sentiment among sustainability advocates. Nuclear energy was once excluded from many green energy frameworks, but that perspective is changing. Gitterman emphasized that nuclear power is increasingly viewed as essential for achieving net-zero goals, particularly as climate realities demand practical, large-scale solutions rather than ideological ones.
Advances in nuclear technology are strengthening that case. Small modular reactors (SMRs) promise improved safety, efficiency, and flexibility compared to older reactor designs. Modern nuclear plants now operate under far more stringent safety standards, and statistically, nuclear energy remains one of the safest forms of power generation when compared with fossil fuels.
The conversation also touched on energy resilience at the local level. Recent winter storms affecting data centers in New York City have sparked discussions about whether large facilities could serve as backup power sources for surrounding communities. While conceptually appealing, Gitterman cautioned that balancingsuch arrangements require careful planning to avoid disrupting critical digital infrastructure, highlighting broader challenges around equitable energy distribution.
Overall, Gitterman’s insights underscore a pivotal moment for nuclear energy and uranium markets. Rising energy demand, geopolitical realignment, technological progress, and shifting sustainability narratives are converging to redefine nuclear power’s role in the global economy. As the pursuit of Sustainable Development Goals continues, the intersection of nuclear energy, renewables, and capital markets is poised to play a defining role in shaping a cleaner, more resilient energy future.