Duke Energy (NYSE: DUK) Selling off Nuclear Fuel Assemblies

Brian Hicks

Written By Brian Hicks

Posted March 26, 2014

Duke Energy (NYSE: DUK) announced on Wednesday that it will be selling off 76 of its unused nuclear fuel assemblies, and is currently soliciting bids.

Assemblies are the structures which contain uranium pellets that generate nuclear power. Several hundred of them make up the core of a nuclear reactor. A single assembly for boiling water reactors is approximately 14.5 feet high, and weighs over 700 pounds. Fuel assemblies for pressurized water reactors weigh significantly more due to their higher concentration of fuel tubes.

According to the World Nuclear Association, the core of a reactor needs to contain about 75 tons of low-enriched uranium to generate 1000 megawatts of power.

Investing in the Petroplex

By now, you’ve heard of the West Texas Petroplex and its stacked pay zones. But what companies are drilling there, and how can you make money from it? It’s pretty simple.

Angel Publishing Investor Club Discord - Chat Now

Brian Hicks Premium

Introductory

3 Stocks for Lithium's 4,000% Rise

The single most important geological discovery of our generation has just taken place. And it could be responsible for a MASSIVE rise in lithium prices. The best part? A Tiny mining firm is at the forefront of mining the world's largest lithium deposit... And it's not overseas in some politically unstable nation... Every single ounce of this record-breaking deposit is right here in America. Our latest report highlights this story and offers you access to our FREE Report that details 3 lithium stocks to buy now.

Sign up to receive your free report. After signing up, you'll begin receiving the Energy and Capital e-letter daily.