💰Hedge Funds Bet Big on Nuclear

Welcome to Nuclear Update! We're about to light up your week with the most electrifying news from the nuclear industry—get ready to feel the energy!

This is what we got for you this week:

• 💰Hedge Funds Bet Big on Nuclear

• 🏆Trudeau Champions Nuclear Energy

• ✂️First Gen IV Reactor Gains US Approval

• 👪UK Partners with US and Finland to Accelerate Nuclear Technologies

💰Hedge Funds Bet Big on Nuclear

According to a Goldman Sachs analysis, hedge funds are increasingly focusing on nuclear power to capitalize on the rising electricity demand fueled by the growth of artificial intelligence (AI).

In the third quarter, Goldman Sachs analyzed 697 hedge funds—with total assets under management exceeding USD 3 trillion—and found that these funds are boosting investments in nuclear energy while reducing exposure to other power-related sectors.

As AI-driven energy consumption surges, the nuclear sector is becoming a preferred investment area for its potential to deliver clean, consistent power. This trend underscores the industry's pivotal role in addressing the challenges posed by the growing energy needs of advanced technologies.

🏆Trudeau Champions Nuclear Energy

At APEC (Asia-Pacific Economic Cooperation) Leaders’s Summit in Peru, Canadian Prime Minister Justin Trudeau championed nuclear energy, emphasizing Canada’s expertise in CANDU, MONARK, and SMR technologies.

He noted that AI data centers require vast amounts of reliable, zero-carbon electricity, making power supply a critical concern. Canada, with its 80% clean energy grid, is attracting significant global investment due to its clean energy resources and skilled workforce.

To meet the growing energy demands, Trudeau announced that Canada is expanding its nuclear energy capabilities. The country has sold two full-scale CANDU reactors to Romania and is upgrading its reactors to the modern MONARK design.

Watch the three-minute clip below to hear Trudeau discuss how Canada's nuclear energy expansion is poised to power the future of AI and drive economic growth.

✂️First Gen IV Reactor Gains US Approval

The U.S. Nuclear Regulatory Commission has approved construction permits for Kairos Power’s Hermes 2—a 70 MW thermal facility featuring two molten salt reactors. This is the first electricity-producing Generation IV reactor to receive such approval in the United States.

This milestone is part of Kairos Power’s strategy to commercialize advanced reactors while addressing technical and regulatory challenges.

Globally, most Generation IV reactors focus on research, fuel testing, or industrial heat applications. Only a few, such as China’s HTR-PM and Russia’s BN-800, are generating electricity.

Notably, the NRC achieved this approval in a record 16 months, indicating that regulatory processes are speeding up. Hermes 2, set for construction in Oak Ridge, Tennessee, will supply 20 MW of electric power to the grid by 2027.

👪UK Partners with US and Finland to Accelerate Nuclear Technologies

The UK has signed agreements with the US and Finland to accelerate advanced nuclear technologies.

By pooling billions in nuclear R&D with the US—and excluding Russia from future collaborations—the UK aims to deploy advanced technologies by 2030.

Simultaneously, the UK and Finland have signed a memorandum of understanding to intensify cooperation on nuclear energy projects, including small and advanced modular reactors, and to promote regulatory collaboration and fuel diversification.

The UK continues to advance its nuclear programs, bolstering energy independence and creating skilled jobs beyond 2030.

⚛️Nuclear Nuggets

Data centers powering artificial intelligence could use more electricity than entire cities, and even entire U.S. states, according to companies developing the facilities.

Why nuclear power is so hot right now. Governments, industries eye nuclear to meet rising electricity demand with net-zero emissions.

Ontario completes Darlington Unit 1 refurbishment 5 months ahead of schedule. Returning Unit 1 back from service provides 875 megawatts of affordable and clean power for the next 30-plus years.

Brazil’s Angra 1 nuclear power unit has been authorised by Brazil's National Nuclear Energy Commission to operate to 2044 - extending its life by 20 years.

😂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