Geology and Ore 28, 2018

Uranium potential in Greenland

Uranium is almost entirely used for generating electricity. As of January, 2015, a total of 437 commercial nuclear reactors were connected to the grid worldwide, generating 377 GWe and requiring c. 56,600 tons of uranium annually. At the same time, 70 new reactors were under construction in 15 countries. The world nuclear power capacity in 2035 is projected to grow to 418 GWe in the low demand case and 683 GWe in the high demand case. Accordingly, world annual reactor-related uranium requirements are projected to rise to between 66,995 and 104,740 tons of uranium by 2035.