The Iran war has forced governments in Asia and Africa to rethink energy security, and nuclear power is moving higher on the agenda.
Asia has been hit hard because much of its oil and gas comes from the Middle East. Africa is also facing higher energy prices and supply pressure. In response, countries with nuclear plants are trying to produce more power from them, while countries without nuclear plants are speeding up plans to build them.
New reactors take years, often decades, to develop. But once governments choose nuclear, they usually need major spending on construction, fuel supply, engineering, safety systems, grid upgrades and long-term maintenance.
Small modular reactors are a major focus. They are smaller than traditional plants and are being promoted as a better fit for countries with weaker grids or limited financing capacity. They are not instant solutions, but they could shape future power markets if governments follow through.
Geiger Counter Limited (LON:GCL) is a Jersey closed-end investment company, which invests in uranium exploration and production stocks.
