šŸ†Nuclear Breaks Records in 2024

PLUS: DOE Unleashes $900M for SMRsšŸ’°

Welcome to Nuclear Update! Where we donā€™t take nuclear news lightā€”after all, thatā€™s how you end up becoming a black hole.

Hereā€™s what Iā€™ve got for you this week:

  • šŸ†Nuclear Breaks Records in 2024

  • šŸ’°DOE Unleashes $900M for SMRs

  • šŸ¤©Fusion Energy Just Got Real

  • šŸšØThe Nuclear Secret Hiding in Your Ceiling

šŸ†Nuclear Breaks Records in 2024

The International Energy Agency just dropped its Global Energy Review 2025ā€”an annual deep dive into trends across all fuels, tech, and regions. And this yearā€™s edition is packed with good news if youā€™re 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 yearā€”up 33% from 2023ā€”marking the fifth-largest annual addition in the past 30 years.

Reactor construction is heating up, with nine new builds breaking ground in 2024ā€”a 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 demandā€”fueled by data centers, EVs, and record-breaking heat.

If weā€™re serious about powering the future and cutting emissions, nuclear is not optionalā€”itā€™s essential.

šŸ”— Read the full report here: Global Energy Review 2025

āš›ļøCool Links

šŸŖPutin 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.

šŸ„³Americaā€™s First Small Modular Nuclear Reactors Could Come to Michigan in 2030
Holtec International launches ā€œMission 2030ā€ to build two SMRs at Palisades nuclear plant, nearly doubling energy output. Holtecā€™s SMR-300 is a small modular pressurized water reactor, producing 300 Megawatts electric (MWe) power or 1050 Megawatts thermal (MWt).

šŸ’ØAustralia should look to uranium as a chance to dodge Trumpā€™s tariffs
As the world comes to grips with the Trump administrationā€™s 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 didnā€™t work this time, one commodity the government could focus on is that which the US really needs ā€“ uranium.

šŸš€IEA Chief Calls for Japan to Restart Dormant Nuclear Plants
Japan should accelerate its efforts to revive some of the countryā€™s dormant nuclear power plants to meet growing demand for electricity, according to the head of the International Energy Agency. ā€œThe restart of nuclear power plants is critical,ā€ Fatih Birol, executive director, said at an event in Tokyo.

šŸ’°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)ā€”and it's a major push to meet rising energy demands fueled by AI, data centers, and industry.

ā€œAmericaā€™s nuclear energy renaissance starts nowā€ said U.S Energy Secretary Chris Wright. ā€œAbundant and affordable energy is key to our nationā€™s 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 ā€œfirst moversā€ ready to deploy their initial plant, and $100 million reserved for ā€œfast followersā€ working through design, licensing, and supply chain hurdles.

Applications are due April 23, 2025, so if youā€™ve got a reactor blueprint and a bold team behind itā€”this is your shot.

šŸ˜Žā€œLetā€™s get MORE American-made energy!ā€

If U.S. Energy Secretary Chris Wright keeps tweeting like this, Iā€™m gonna have to add a new section: Wright Tweet of the Week.

(Yeah, Iā€™m a Chris Wright fanboy. The guy gets it.)

šŸ¤©Fusion Energy Just Got Real

Knoxville-based Type One Energy says there are no scientific barriers between them and a working fusion power plantā€”and theyā€™re ready to prove it.

The company just dropped six peer-reviewed papers showing its stellarator design can realistically deliver commercial fusionā€”not someday, but by 2029 if all goes to plan.

So, how does it work?

The stellarator traps plasmaā€”a superhot state of matter hotter than the sunā€™s coreā€”inside 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 turbineā€”just like a conventional power plant.

And the only byproduct? Helium. Yep, the balloon stuff. šŸŽˆ

With $82M raised and backing from Bill Gatesā€™ Breakthrough Energy, Type Oneā€™s vision is gaining serious traction. ā€œThis isnā€™t a science project,ā€ said CEO Christofer Mowry. ā€œWeā€™re designing a power plant.ā€

šŸšØThe Nuclear Secret Hiding in Your Ceiling

Welcome back to Atomic Alternatives, where we spotlight nuclear tech in places youā€™d never expect.

This week, weā€™re looking upā€”literallyā€”at one of the most common pieces of nuclear tech in your home: the smoke detector. šŸšØ

At the heart of most smoke detectors is a tiny bit of americium-241, a man-made radioactive element. It may sound intense, but donā€™t worryā€”itā€™s sealed safely inside and poses zero risk in normal use.

Americium-241 gives off alpha particles, which ionize the air inside the detectorā€”basically 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.

āš™ļø 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 thingsā€”quietly protecting lives around the clock.

So the next time your smoke alarm beeps at 2 a.m., itā€™s not annoyingā€”itā€™s a nuclear-powered guardian keeping you safe.ā˜¢ļø

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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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