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- šNuclear Breaks Records in 2024
šNuclear Breaks Records in 2024
PLUS: DOE Unleashes $900M for SMRsš°

Welcome to Nuclear Update! Where we donāt take nuclear news lightāafter all, thatās how you end up becoming a black hole.
Hereās what Iāve got for you this week:
šNuclear Breaks Records in 2024
š°DOE Unleashes $900M for SMRs
š¤©Fusion Energy Just Got Real
šØThe Nuclear Secret Hiding in Your Ceiling

šNuclear Breaks Records in 2024
The International Energy Agency just dropped its Global Energy Review 2025āan annual deep dive into trends across all fuels, tech, and regions. And this yearās edition is packed with good news if youāre on Team Nuclear:
Nuclear output hit a 21st-century record ā global nuclear generation surged by 100 TWh in 2024, the biggest annual jump (outside the post-COVID rebound) since 2000. Not bad for an industry some wrote off.
Over 7 GW of new nuclear capacity came online last yearāup 33% from 2023āmarking the fifth-largest annual addition in the past 30 years.
Reactor construction is heating up, with nine new builds breaking ground in 2024āa 50% spike from the year before. All of them are Chinese or Russian designs.
Nuclear now provides 9% of global electricity for the first time ever.
Uranium demand hit a new high, as plants ran harder and longer to keep up with exploding electricity demandāfueled by data centers, EVs, and record-breaking heat.
If weāre serious about powering the future and cutting emissions, nuclear is not optionalāitās essential.
š Read the full report here: Global Energy Review 2025

āļøCool Links
šŖPutin envoy says Russia could supply a small nuclear power plant for Musk's Mars mission
Russia could supply a small nuclear power plant for a mission to Mars planned by Elon Musk, President Vladimir Putin's international cooperation envoy said on Thursday.
š„³Americaās First Small Modular Nuclear Reactors Could Come to Michigan in 2030
Holtec International launches āMission 2030ā to build two SMRs at Palisades nuclear plant, nearly doubling energy output. Holtecās SMR-300 is a small modular pressurized water reactor, producing 300 Megawatts electric (MWe) power or 1050 Megawatts thermal (MWt).
šØAustralia should look to uranium as a chance to dodge Trumpās tariffs
As the world comes to grips with the Trump administrationās tariff diplomacy, the Australian government has positioned a critical minerals partnership as an inducement for the US not to impose tariffs on steel and aluminium. While it didnāt work this time, one commodity the government could focus on is that which the US really needs ā uranium.
šIEA Chief Calls for Japan to Restart Dormant Nuclear Plants
Japan should accelerate its efforts to revive some of the countryās dormant nuclear power plants to meet growing demand for electricity, according to the head of the International Energy Agency. āThe restart of nuclear power plants is critical,ā Fatih Birol, executive director, said at an event in Tokyo.

š°DOE Unleashes $900M for SMRs
The U.S. Department of Energy has re-issued a $900 million funding opportunity to accelerate the deployment of American-made small modular reactors (SMRs)āand it's a major push to meet rising energy demands fueled by AI, data centers, and industry.
āAmericaās nuclear energy renaissance starts nowā said U.S Energy Secretary Chris Wright. āAbundant and affordable energy is key to our nationās economic prosperity and security. This solicitation is a call to action for early movers seeking to put more energy on the grid.ā
The funding will support Generation III+ light-water SMRs, including up to $800 million for āfirst moversā ready to deploy their initial plant, and $100 million reserved for āfast followersā working through design, licensing, and supply chain hurdles.
Applications are due April 23, 2025, so if youāve got a reactor blueprint and a bold team behind itāthis is your shot.

šāLetās get MORE American-made energy!ā
If U.S. Energy Secretary Chris Wright keeps tweeting like this, Iām gonna have to add a new section: Wright Tweet of the Week.
(Yeah, Iām a Chris Wright fanboy. The guy gets it.)
Let's get MORE American-made energy!
ā Secretary Chris Wright (@SecretaryWright)
5:31 PM ā¢ Mar 30, 2025

š¤©Fusion Energy Just Got Real
Knoxville-based Type One Energy says there are no scientific barriers between them and a working fusion power plantāand theyāre ready to prove it.
The company just dropped six peer-reviewed papers showing its stellarator design can realistically deliver commercial fusionānot someday, but by 2029 if all goes to plan.
So, how does it work?
The stellarator traps plasmaāa superhot state of matter hotter than the sunās coreāinside a twisted donut-shaped magnetic field. That plasma holds hydrogen isotopes like deuterium, which fuse into helium, releasing massive amounts of clean energy.
A meter-thick metal blanket captures the heat, breeds more fuel (tritium), and transfers energy via helium to a turbineājust like a conventional power plant.
And the only byproduct? Helium. Yep, the balloon stuff. š
With $82M raised and backing from Bill Gatesā Breakthrough Energy, Type Oneās vision is gaining serious traction. āThis isnāt a science project,ā said CEO Christofer Mowry. āWeāre designing a power plant.ā

šØThe Nuclear Secret Hiding in Your Ceiling
Welcome back to Atomic Alternatives, where we spotlight nuclear tech in places youād never expect.
This week, weāre looking upāliterallyāat one of the most common pieces of nuclear tech in your home: the smoke detector. šØ
At the heart of most smoke detectors is a tiny bit of americium-241, a man-made radioactive element. It may sound intense, but donāt worryāitās sealed safely inside and poses zero risk in normal use.
Americium-241 gives off alpha particles, which ionize the air inside the detectorābasically turning it into a tiny electric circuit. When smoke particles enter the chamber, they disrupt this flow of ions, dropping the current and triggering the alarm.
āļø Why Use Radiation?
The radiation makes it super reliable. Ionization-based detectors respond quickly to fast-burning fires and are less prone to false alarms from steam or dust.

Millions of homes are using nuclear tech every day without even realizing it. Smoke detectors are a perfect example of how small-scale radiation can do big thingsāquietly protecting lives around the clock.
So the next time your smoke alarm beeps at 2 a.m., itās not annoyingāitās a nuclear-powered guardian keeping you safe.ā¢ļø

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Stay charged, stay critical (like a reactor), and keep glowing!š
Fredrik
[email protected]
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
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