🏛️What Trump’s Victory Means for Nuclear

Welcome to Nuclear Update! Prepare to be immersed in a world where atoms split and possibilities multiply—let's dive into the nuclear news that's shaping our future!

This is what we got for you this week:

• 🏛️What Trump’s Victory Means for Nuclear

• 🐝 Meta's Nuclear Plans Halted by Rare Bee

• ✨Germany's Government Collapse Sparks Nuclear Revival Hopes

• 👋EU Energy Nominee Shifts on Nuclear

🏛️What Trump’s Victory Means for Nuclear

With Donald Trump’s return to the White House, nuclear energy is likely to receive strong backing, with a focus on both large-scale standardized reactors and smaller modular reactors for civilian and military uses.

Trump has expressed admiration for France’s standardized approach to nuclear power and has voiced concerns about the complexity and inefficiencies of larger reactors in the West. His support for small modular reactors aligns with bipartisan and military interests, positioning nuclear energy as a cornerstone of his energy policy.

Congress, Vice President Vance, and Trump's advisors also favor nuclear energy, suggesting that pro-nuclear leaders will be prominent in his administration. With broad bipartisan support and strong local community acceptance, nuclear power is expected to shoulder much of the clean energy agenda under Trump, as it’s one of the few areas where both parties align.

In contrast, Trump has a negative stance on wind and solar energy, particularly offshore wind, which he has criticized as expensive and less valuable than nuclear. Additionally, he may alter or reduce Inflation Reduction Act support for non-nuclear clean energy, especially as these projects have primarily benefited red states.

This is CNBC’s take on a what nuclear energy could look like under Trump:

✨Germany's Government Collapse Sparks Nuclear Revival Hopes

Germany’s government recently collapsed amid internal disputes, particularly over budget and energy policies, renewing discussions about the future of nuclear energy in the country.

Despite the phase-out of nuclear power in April 2023, public support for nuclear energy has grown, with 67% favoring its continued use to reduce energy costs and support industrial production.

Eight reactors remain in good condition and can be reactivated within nine months, pending amendments to the Atomic Energy Act and necessary staffing and fuel provisions.

The conservative opposition CDU/CSU parties are exploring options to reactivate these reactors, viewing the nuclear exit as an economically damaging, ideologically driven decision.

A new election is anticipated in early 2025.

🥳The Green Party of Ontario Has Ended its Opposition to Nuclear Power With the New Policy [LINK]:

👋EU Energy Nominee Shifts on Nuclear

During his EU confirmation hearing, energy commissioner candidate Dan Jorgensen, who previously opposed labeling nuclear as "green," acknowledged nuclear’s essential role in the EU’s clean energy strategy.

While Denmark, his home country, remains anti-nuclear, Jorgensen is increasingly open to nuclear’s potential, recognizing its importance for EU decarbonization goals and its presence in the energy mix of 12 EU nations.

Jorgensen committed to creating a detailed report on nuclear investments in the EU and expressed cautious support for advancing SMRs, aiming for operational SMRs by the early 2030s.

Additionally, he stressed nuclear safety and the need to reduce reliance on Russian nuclear fuel, aligning with the EU’s goal to phase out Russian energy by 2027.

⚛️Nuclear Nuggets

France’s nuclear power utility, EDF, is in talks with three companies to power their 1 gigawatt (GW) data centre projects in France.

Saudi Arabia is launching "Project Transcendence", a $100 Billion AI initiative to position itself as a leading AI hub.

Bulgaria have signed with Westinghouse to build 2 AP1000s (2.2 GW) reactors at the Kozloduy Nuclear Power Plant.

Malaysian Government to include nuclear energy in ‘13th Malaysian Plan‘ joining neighbors Philippines and Indonesia in pursuing nuclear power.

Texas University is seeking approval to sell land to nuclear energy companies as a solution to power-supply problems in Texas.

😂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