India's Nuclear Boom

Why Nuclear Is Back in the Conversation

For most of human history, civilisation ran on wood.
Then coal powered the industrial revolution.
In the 20th century, oil became the dominant energy source.

The question now is: what powers the 21st century?

Renewable energy like solar and wind will play a crucial role in the future energy mix. But they come with a fundamental challenge — intermittency. Electricity systems that power modern economies require reliable, round-the-clock generation.

Data centers, factories, transportation systems, and entire cities cannot pause when the wind slows or the sun sets.

This is where nuclear power becomes relevant again.

A single nuclear reactor can produce large amounts of electricity continuously for decades, using remarkably small quantities of fuel compared to fossil alternatives. For countries trying to balance energy security, reliability, and decarbonisation, nuclear is once again entering the global conversation.

India is now moving in that direction as well.

For the first time, India's nuclear sector is opening to private participation, with the government setting an ambitious target of 100 GW of nuclear capacity by 2047, a massive increase from today's ~8.8 GW.

In this session, we step back from the headlines and examine the sector from first principles — understanding how nuclear power works, how the uranium fuel cycle operates, and which companies sit across the broader nuclear supply chain.

The goal is simple: to build a clear mental framework for understanding the nuclear sector, including both the opportunities and the risks.

No hype. No stock tips.
Just structured thinking about an industry that may become increasingly important in the decades ahead.