🚀Facebook Joins Nuclear Power Race

Welcome to Nuclear Update! Strap on your hazmat suit—this week’s atomic insights might just leave you glowing brighter than a reactor at full throttle!

This is what we got for you this week:

• 🚀Facebook Joins Nuclear Power Race

• 😳Leaked Documents Expose German Greens

• ⚛️Extended Lifespans for 4 UK and 2 Swiss Nuclear Reactors

• 🎂World Nuclear Energy Day: Celebrating Milestones in Nuclear Innovation

🚀Facebook Joins Nuclear Power Race

Facebook’s parent company, Meta, is seeking proposals from nuclear energy developers to secure between 1 and 4 GW of new U.S. nuclear generation capacity starting in the early 2030s.

By embracing nuclear, Meta aims to help create a cleaner, more reliable, and diversified electric grid, positioning itself as a leader in the transition beyond wind and solar.

However, Meta acknowledges significant challenges, including dealing with strict regulatory oversight, ensuring adequate uranium fuel supplies, and managing community concerns.

To address these complexities, the company is using a request-for-proposals process, open until February 7, 2025, inviting nuclear energy developers with strong community engagement, permitting experience, and the ability to deliver either small modular reactors or larger conventional reactors.

😳Leaked Documents Expose German Greens

Recently released documents show that German Green officials concealed an energy utility’s willingness to continue operating nuclear power plants during last year’s energy crisis.

Previously, the Greens claimed no utilities wanted to extend plant operations, but evidence now reveals at least one state-controlled utility offered multiple years of continued service.

Following this, the Greens’ credibility is under scrutiny, with allegations they misled the public to advance their own agenda.

Given that German citizens place a high value on honesty and the protection of national interests, and with nuclear power now more popular than the German Green party, upcoming elections may be influenced by these revelations.

📰NBC News: "A Nationwide Nuclear Renaissance"

⚛️Extended Lifespans for 4 UK and 2 Swiss Nuclear Reactors

EDF Energy has extended the operating lifetimes of four UK Advanced Gas Cooled Reactor plants.

Heysham 1 and Hartlepool will now run until March 2027, and Heysham 2 and Torness until March 2030.

This move aims to support the UK’s energy security, reduce reliance on imports, and help achieve cleaner power targets.

In Switzerland, Axpo plans to invest CHF350 million to keep the two-unit Beznau nuclear power plant running until 2032 and 2033, well beyond its original 60-year operational scope.

Safety remains paramount, and Swiss regulations allow reactors to operate indefinitely, provided they continue to meet stringent safety standards.

🎂World Nuclear Energy Day: Celebrating Milestones in Nuclear Innovation

World Nuclear Energy Day has been celebrated annually on December 2nd since its inception in 2020.

The inaugural event was established to honor significant milestones in nuclear energy history and to recognize the contributions of those in the nuclear sector.

On this day in 1942, Enrico Fermi and his team achieved the first-ever self-sustaining nuclear chain reaction with the Chicago Pile-1 reactor, a groundbreaking demonstration of controlled nuclear fission that revolutionized science and opened doors to both military and peaceful applications.

Fifteen years later, on December 2nd, 1957, the Shippingport Atomic Power Station in Pennsylvania became the United States’ first full-scale commercial nuclear power plant to achieve criticality, showcasing nuclear power’s ability to reliably generate electricity for civilian use.

This annual celebration honors these milestones and the transformative innovation of nuclear energy, emphasizing its enduring role in advancing sustainable power generation and global progress.

⚛️Nuclear Nuggets

This new 36-page Natural Resources Commentary from Goehring & Rozencwajg states: "The uranium market is positioned for a period of unprecedented excitement. The signs are everywhere." Read the full report here: [LINK]

China could approve another 100 nuclear reactors over the coming decade, according to an industry lobby group, as the nation turns itself into the world’s biggest operator of atomic power and potentially a major exporter of the technology.

Licensing of finnish permanent repository further delayed. Finland's Radiation and Nuclear Safety Authority has been granted another one-year extension to complete its review of Posiva Oy's operating licence application for the world's first permanent used nuclear fuel repository.

The French uranium company Orano has announced that it has lost operational control of its subsidiary for uranium mining in Niger, SOMAÏR, which has been taken over by the Nigerien authorities.

7 ways Amazon is thinking big about nuclear energy. Learn how Amazon is innovating to power their operations and address climate change.

😂Meme 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