Donald Trump's Push for Nuclear Energy🎉

Welcome to Nuclear Update, where we illuminate the nuclear sector like a well-designed reactor – efficient, powerful, and enlightening.

This is what we got for you this week:

• Donald Trump's Push for Nuclear Energy🎉

• Switzerland to lift ban on new Nuclear Plants🏋️

• 20-year life extension for St Anna 1 & 2😍

• Ukraine Resumes Construction of Nuclear Plant Amid Russian Threats👷

Donald Trump's Push for Nuclear Energy🎉

Former President Donald Trump has pledged to lower electricity costs in the U.S. by constructing hundreds of new power plants, including small modular nuclear reactors. His plan focuses on expanding the country's power supply through advanced nuclear technology while reducing reliance on renewable energy mandates and regulations that he argues increase prices. This proposal has garnered support from the Democrats, who see value in expanding nuclear energy as a key component of energy independence and economic growth. The bipartisan backing highlights growing interest in nuclear energy as a reliable power source.

Switzerland to lift ban on new Nuclear Plants🏋️

The Swiss government plans to lift the ban on building new nuclear power plants established in 2018, as part of its strategy to ensure a reliable and climate-friendly electricity supply. Switzerland currently operates four nuclear reactors, which generate about one-third of its electricity and have unlimited operating licenses so they can be operated as long as they are safe. This decision responds to changing energy demands, climate targets, and geopolitical uncertainties. The move aims to promote technological openness and secure energy supply as existing nuclear plants age. The changes will be submitted by the end of 2024, with parliamentary discussions expected in 2025.

20-year life extension for St Anna 1 & 2😍

The Nuclear Regulatory Commission has renewed the operating licenses for North Anna nuclear power plant's Units 1 and 2 for an additional 20 years, allowing them to operate until 2058 and 2060. These 944 MWe pressurized water reactors, which began operation in 1978 and 1980, will undergo significant upgrades, including the replacement of key components and the transition to digital control systems. Dominion Energy, the plant's operator, emphasizes the importance of nuclear power in providing reliable, carbon-free energy. Additionally, Dominion has submitted approval requests for small modular reactors at the site. For uranium investors; this extension adds 800,000 pounds of uranium demand per year for the next 20 years.

Ukraine Resumes Construction of Nuclear Plant Amid Russian Threats👷

Ukraine is set to resume construction of the unfinished Chyhyryn Nuclear Power Plant in Cherkasy region, reported state nuclear agency Energoatom. The plant which was halted after the Chernobyl disaster, will be equipped with AP1000 reactors from U.S. company Westinghouse. Energoatom has received permission to proceed, marking an important step in Ukraine's post-war recovery and energy security. This project aims to strengthen Ukraine’s energy infrastructure amid ongoing challenges posed by Russian attacks on its facilities. Ukraine has 15 reactors generating half its electricity at four existing nuclear power plants, including the six-unit Zaporizhzhia plant which has been under Russian military control since early March 2022. The country has plans for nine Westinghouse AP1000 units.

Nuclear Nuggets🧽

EU needs 'more nuclear,' European Commission said in a speech on Friday in Prague. "When we speak about our energy, we have to produce our own energy, more renewables, more nuclear, more efficiency".

The biggest Nuclear event of the year, the World Nuclear Symposium 2024, in London next week is completely sold out, something never seen before. “Due to overwhelming demand, we have unfortunately reached capacity at World Nuclear Symposium 2024.”

Ghana to build first SMR project with help of the US.

Memes of the week🤣

Review of the week💪

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.