H2R
1 주 전
Energy Sec. C. Wright on Nuclear
In his testimony before the Senate Energy and Natural Resources Committee, Wright expressed support for a range of energy technologies, saying during an exchange with Sen. Angus King, I-Maine, "I am for improving all energy technologies that can better human lives and reduce emissions. They go together."
He particularly emphasized the roles of commercial nuclear energy, liquefied natural gas and geothermal energy in his envisioned expansion of domestic energy production.
Best of luck with your investments!
H2R
1 월 전
D. Walters on the Board of Directors
Walters brings more than 35 years of leadership experience in the natural resources sector. She has held prominent roles, including serving as President of Liberty Metals and Mining LLC, CFO of Tatham Offshore, Inc., as well as numerous roles in the investment banking, capital markets, and advisory sectors. Walters currently serves on the boards of Atmos Energy, Trilogy Metals Inc., and Platinum Group Metals Limited, where she is Chair. She also serves as a Senior Advisor at Independence Point Advisors.
https://www.nuscalepower.com/en/news/press-releases/2024/nuscale-power-announces-appointment-of-diana-walters-to-board-of-directors
Interesting profile; Could D. Walters provide connection with fuel suppliers?
Best of luck with your investments!
H2R
2 월 전
Meta seeks nuclear power developers for reactors to start in early 2030s
By Timothy Gardner
December 3, 20244:20 PM MSTUpdated 14 hours
WASHINGTON, Dec 3 (Reuters) - Meta (META.O), opens new tab said on Tuesday it is seeking proposals from nuclear power developers to help meet its artificial intelligence and environment goals, becoming the latest big tech company to take interest in atomic power amid an expected boom in electricity demand.
The company wants to add 1 to 4 gigawatts of new U.S. nuclear generation capacity starting in the early 2030s, it said in a release. A typical U.S. nuclear plant has a capacity of about 1 gigawatt.
"At Meta, we believe nuclear energy will play a pivotal role in the transition to a cleaner, more reliable, and diversified electric grid," the company said in a release.
U.S. data center power use is expected to roughly triple between 2023 and 2030 and will require about 47 gigawatts of new generation capacity, according to Goldman Sachs estimates.
But it will be tough to swiftly meet soaring power demand with nuclear reactors, as companies face an overburdened U.S. Nuclear Regulatory Commission, potential uranium fuel supply obstacles and local opposition.
Microsoft (MSFT.O), opens new tab and Constellation Energy (CEG.O), opens new tab announced a deal in September to restart a unit at the Three Mile Island plant in Pennsylvania in what would be the first-ever restart for a data center.
That announcement followed a similar agreement in March in which Amazon.com (AMZN.O), opens new tab, purchased a nuclear-powered data center from Talen Energy (TLN.O), opens new tab.
Meta said it is seeking developers with expertise in community engagement, development and permitting, and would consider either small modular reactors, an emerging part of the business that is not yet commercial, or larger nuclear reactors similar to today's fleet of U.S. nuclear plants.
Meta said it will take submissions from developers that want to take part in the request for proposals until Feb. 7, 2025.
The company said it was using the request-for-proposal process because, compared to renewable energy projects like solar and wind, nuclear is more capital-intensive, takes longer to develop, and is subject to more regulatory requirements.
"An RFP process will allow us to approach these projects thoroughly and thoughtfully with these considerations in mind," it said.
Let's see if NuScale benefits.
Best of luck with your investments.
H2R
2 월 전
Quite a drop on J. Engel's selling shares
VP Jacqueline F. Engel sold 18,186 shares of NuScale Power stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $29.00, for a total transaction of $527,394.00. Following the completion of the sale, the vice president now owns 3,801 shares of the company's stock, valued at approximately $110,229. The trade was a 82.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC.
https://www.marketbeat.com/instant-alerts/nuscale-power-nysesmr-stock-price-down-55-on-insider-selling-2024-12-03/
8% drop on this news? Dang!
Best of luck with your investments!
H2R
3 월 전
NuScale on White House Announcement
Shares of NuScale Power (NYSE: SMR), a developmental-stage maker of small modular reactors, initially popped this morning on an announcement from the White House on expanding nuclear energy production.
While the stock jumped as much as 13% in morning trading, it gave back those gains amid a broader pullback in small-cap stocks in a sign that the boom from Trump's election was fading.
The new plan from the White House aims to triple nuclear energy production by 2050, and the plan is supportive of small modular reactors (SMRs), which it said have "strong potential for both grid-based and behind-the-meter resilient electricity."
It also name-checked NuScale's VOYGR power modules, and the plan aims to deploy $900 million for new SMR deployments, some of which could go directly to NuScale.
The Trump administration is expected to be favorable to nuclear power, including SMRs like the kind NuScale is focused on building.
https://www.msn.com/en-us/money/topstocks/why-nuscale-power-stock-popped-and-then-dropped-today/ar-AA1tYcKG
Best of luck with your investments!
H2R
3 월 전
Two main takeaways from yesterday's CC
* Proceeding with Fluor’s Phase 2 Front-End Engineering and Design (FEED Phase 2) study for the RoPower Doice?ti small modular reactor (SMR) power plant
* Supply chain partner Doosan Enerbility making progress producing the first NuScale Power Modules™
And still on track for the 77 MWe module approval mid-year. The cash position looks steady.
The start around AI, energy independence, etc., sounded like a sales pitch as opposed to real info, surfing on recent announcements and the election results.
The two slides with some actual substance:
*Slide 6:
RoPower Project Progressing
▪ In 3Q’24, RoPower authorized the Front-End Engineering and Design Phase 2 (“FEED Phase 2”) project for its
Doice?ti small modular reactor power plant to proceed under contract with Fluor Corporation
▪ NuScale executed revenue-generating agreements with RoPower and Fluor in relation to the advancement of Doice?ti
project FEED Phase 2
▪ FEED Phase 2 work began on September 30th and the expected duration is 12-14 months
▪ RoPower targets 462 MW installed capacity, using six NuScale Power Modules at the former Doice?ti coal plant site
and slide 10 (production here means being produced, not being operated):
The Only U.S. NRC-Approved Small Modular Reactor in Production
Today's market reaction seems to indicate I'm not the only one to be optimistic about NuScale after the CC.
Best of luck with your investments!
Mother Lode
3 월 전
The Fly:
"Bullish option flow detected in Nuscale Power Corp (SMR) with 21,879 calls trading, 3x expected, and implied vol increasing over 1 point to 141.21%. 11/1 weekly 30 calls and 10/25 weekly 20 calls are the most active options, with total volume in those strikes near 6,800 contracts. The Put/Call Ratio is 0.21. Earnings are expected on November 7th.
Going_4_It
3 월 전
Kairos Power, mentioned in the article, is a competitor of NuScale Power.
Kairos is a private company so no shares are available to buy in the market. If it weren't so I would certainly be a shareholder already.
But I do own shares in NuScale Power. IMO, the only other SMR stock play that might be a good investment play longer term is OKLO, Inc. Sam Altman of OpenAI and ChatGPT is heavily involved.
In terms of actually installing a workable SMR, NuScale appear to be at least two years ahead of OKLO. However, I will probably buy some OKLO at some point.
NuScale Power (SMR) shares are just a couple of bucks more expensive than OKLO. So I own NuScale and no OKLO.
All just my opinion...
Going_4_It
5 월 전
CNBC: Small nuclear reactors could power the future — the challenge is building the first one in the U.S.
https://www.cnbc.com/2024/09/07/how-small-modular-reactors-could-expand-nuclear-power-in-the-us.html
Dominion is currently evaluating whether it makes sense to build a small modular reactor at its North Anna nuclear station in Louisa County, Virginia, northwest of Richmond. The utility’s service area includes the largest data center market in the world in Loudoun County, less than 100 miles north of the plant.
Electricity demand from these computer server warehouses is expected to surge because artificial intelligence consumes more energy. In the case of Dominion, the peak power demand from data centers is forecast to more than double to 6.4 gigawatts by 2030 and quadruple to 13.4 gigawatts in 2038.
Dominion asked SMR technology companies in July to submit proposals evaluating the feasibility of developing a small reactor at North Anna. Carr said interest in the proposal process has been high. The utility is currently working with vendors to make sure they understand Dominion’s needs and to figure out which technology might be suitable, Carr said.
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