Cameco

Multiple Benefits

Nuclear power is one of the most cost-effective and environmentally friendly sources of energy available.

  • Nuclear energy provides an abundant supply of economical, efficient and reliable baseload electricity
  • Nuclear generated electricity does not produce greenhouse gas emissions, so the life cycle of nuclear energy is much cleaner than that of other sources such as coal or natural gas.
  • The nuclear power industry is well-regulated and monitored to ensure the safety of workers and the public.
  • The nuclear energy industry increases technological and human capital

Comparing Generation Sources

Coal Generation

Advantages

Disadvantages

  • low generating costs
  • large volumes of fuel required – 3.2 million tonnes annually for a 1000 MWe plant
  • worldwide, about 7.6 billion tonnes required annually for electricity generation
  • about 10% of total annual volume is waste fly ash, 70% – 80% of which is disposed of in landfills
  • produces air and water pollution
Hydro Generation

Advantages

Disadvantages

  • no external fuel requirements
  • no pollution
  • very low generating costs
  • requires the modification or destruction of waterway ecosystems
  • limited to specific types of waterway locations
  • virtually all potential hydro locations are already developed
Natural Gas Generation

Advantages

Disadvantages

  • low generating costs
  • cleaner burning than coal and oil
  • supply and price can fluctuate
  • produces air and water pollution, though less than some other sources
  • conventional natural gas sources are in decline, therefore industry is turning to non-conventional sources, such as coal, tight sands gas, offshore gas and shale gas, which are more expensive to produce.
Nuclear Generation

Advantages

Disadvantages

  • no pollution
  • low generating costs
  • low volumes of fuel requirements – about 27 tonnes of fuel annually for 1000 MWe plant
  • low volumes of waste products
  • produces radioactive waste requiring carefully controlled storage
  • high initial capital costs
Oil Generation

Advantages

Disadvantages

  • easy to use and transport
  • produces air and water pollution
  • supply and price can fluctuate
  • expensive
Solar Generation

Advantages

Disadvantages

  • inexhaustible supply
  • no pollution
  • large scale projects require vast stretches of land
  • requires expensive photovoltaic cells and battery storage
  • unsuitable for large urban areas
  • cannot generate power 24/7
Wind Generation

Advantages

Disadvantages

  • inexhaustible supply
  • no pollution
  • large scale projects require vast stretches of land or offshore areas
  • extremely noisy
  • unsuitable for large urban areas
  • cannot reliably generate power 24/7
Biomass Generation

Advantages

Disadvantages

  • renewable / inexhaustible supply
  • fuel is a wide variety of bio-based waste products
  • produces significant CO2 and air pollution
  • fuel supply chain is not well developed; opposition to some of the proposes fuel sources (forestry)
  • expected to be about twice as expensive as natural gas, but less than solar


Economical Electricity

Unquestionably, nuclear power plants are expensive to build. The economics of new builds are multifaceted. They rely on complex capital structures, political and socioeconomic forces along with long, intricate construction and regulatory approval processes among other factors.

However, once those builds have been completed, the operational efficiency and low fuel costs provide for baseload electricity generation that is highly competitive with all other forms of electricity generation. Nuclear fuel costs are approximately 31% of the total annual operating costs at nuclear power plants, whereas coal fuel costs are about 78% and natural gas is about 88%.

Despite higher start-up costs, nuclear power has outperformed coal, gas and oil in terms of low-cost, baseload generation for over a decade. This translates into affordable, clean energy solutions around the world.

US Electricity Production Costs

2000-2011, in 2011 cents per kilowatt-hour


*Production Costs = Operations and Maintenance Costs + Fuel Cost

One ton of natural uranium can produce more than 40 million kilowatt-hours of electricity. This is equivalent to burning 16,000 tons of coal or 80,000 barrels of oil.