Latest news with #smallmodularreactor
Yahoo
13-07-2025
- Business
- Yahoo
Why NuScale Power Stock Soared 120.6% Higher in the First Half of 2025
Shares of small modular reactor developer NuScale Power skyrocketed in 2024 and continued soaring in the first half of 2025. President Trump's executive orders addressing advancement of the nuclear energy industry represented the primary catalyst for the stock's rise. There are still considerable risks with an unprofitable company like NuScale Power, so investors looking to mitigate risk may prefer a nuclear energy ETF. 10 stocks we like better than NuScale Power › To the chagrin of investors, NuScale Power (NYSE: SMR) stock dipped lower more than 7% through the first four months of 2025, giving back a bit of the whopping 445% gain that it had logged in 2024. But then May rolled around. Thanks to President Trump's enthusiastic support of the nuclear energy industry, shares of small modular reactor (SMR) developer NuScale Power ripped higher and extended their gain in June. All in all, NuScale Power stock soared 120.6% through the first six months of 2025, according to data provided by S&P Global Market Intelligence. The lack of President Trump's enthusiasm for clean energy-affiliated business from electric cars to wind power has been clear for some time. What became glaringly apparent in late May, however, was his affinity for nuclear energy. On May 23, President Trump issued executive orders meant to spur advancement of the nation's nuclear energy industry -- and NuScale Power investors were paying attention. Providing a plan for modernizing the country's nuclear energy reactors, Trump's executive orders address several areas of the industry. For one, the orders are meant to expedite the Nuclear Regulatory Commission's process for licensing new reactors. Plus, the orders seek to reduce the time it takes to test advanced reactors -- something of particular note for NuScale Power, which is working toward commercial deployment of its SMR NuScale Power Module. Particularly noteworthy in the executive orders is President Trump's direction to the Department of Energy to recognize artificial intelligence (AI) data centers as "critical defense facilities." In concert with this, the orders direct the secretary of energy to use "all available legal authorities to site, approve, and authorize deployment of advanced reactors to power them." With AI companies making hefty investments in developing data center infrastructure, the opportunities for SMR developers like NuScale Power are ample. While the executive orders represented the major catalyst behind the stock's rise in the first half of the year, that's not to say that there was nothing in June that stoked investors' excitement. On June 5, John Hopkins, the company's CEO, revealed in a discussion with Axios Pro that NuScale Power is communicating with several "tier 1" hyperscalers that are interested in purchasing power from the company. In light of NuScale Power stock's climb in 2024 and through the last six months, it seems reasonable to expect that shares will pull back at some point. Growth stocks like NuScale Power often demonstrate considerable volatility in the early innings of their development. For those uncomfortable with enduring the stock's potential vicissitudes and the inherent risks associated with a company that's not yet profitable, it may be more prudent to consider a nuclear energy-focused exchange-traded fund (ETF) at this point. Before you buy stock in NuScale Power, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and NuScale Power wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $674,432!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,005,854!* Now, it's worth noting Stock Advisor's total average return is 1,049% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of July 7, 2025 Scott Levine has no position in any of the stocks mentioned. The Motley Fool recommends NuScale Power. The Motley Fool has a disclosure policy. Why NuScale Power Stock Soared 120.6% Higher in the First Half of 2025 was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
BBC News
10-07-2025
- Business
- BBC News
Plans for East Yorkshire floating power plant and nuclear reactor
The Humber Estuary could get a floating power station and possibly a small nuclear reactor to generate Energy Park near Saltend has signed an agreement to look at mooring a "power barge" on the water that would use liquefied natural gas (LNG) to produce electricity. The deal would also explore building a Small Modular Reactor (SMR) which generates heat from nuclear material to produce Energy Park said the proposed project would "address critical energy shortages currently facing UK industrial regions". "Grid connection delays can stretch into the 2030s," a spokesperson said"These delays are, in turn, leading to postponed and sometimes cancelled major investment decisions in crucial industries such as AI, advanced manufacturing and cyber security, all vital for the UK's economic growth and security."If it goes ahead, the park hopes to produce power from the LNG barge by month, the government signed a £2.5bn deal with Rolls Royce to develop and build the UK's first SMRs. Analysis There is much excitement about the potential of small modular reactors or SMR's to help address our energy Government says this developing nuclear technology offers a new golden age of nuclear in the UKOne of the UK's best known brands, Rolls Royce, has already been selected to build the country's first small modular use a process called fission to generate heat from nuclear material. A typical reactor can produce enough energy to power about 300,000 to the International Atomic Energy Agency there are about 80 SMR's in development around the worldBut SMR's use radioactive material and there have been concerns about its safety as an energy source and how it is disposed ofProponents of SMR technology say it offers relatively cheap, clean and reliable hope is that an SMR in the Humber will attract industry and inward investment. Hull East MP Karl Turner said he was working with government and industry to "support this effort"."The Humber has always been a national asset and with the right investment, it can now become a cornerstone of Britain's clean energy future," he said"It represents the kind of bold, regionally anchored project that creates skilled jobs, strengthens resilience, and drives growth where it's most needed."Chris Turner, chairman of the Yorkshire Energy Park, said: "Working with UK and international financial and technology partners offers a unique opportunity for the Humber to benefit from large-scale, long-term energy investment that will support new advanced manufacturing industries and skilled job creation on the Humber."Listen to highlights from Hull and East Yorkshire on BBC Sounds, watch the latest episode of Look North or tell us about a story you think we should be covering here. Click here, to download the BBC News app from the App Store for iPhone and here, to download the BBC News app from Google Play for Android devices.
Malay Mail
27-05-2025
- Business
- Malay Mail
Can Indonesia go nuclear by 2032? Big plans, big hurdles ahead
JAKARTA, May 27 — Indonesia is hoping going nuclear can help it meet soaring energy demand while taming emissions, but faces serious challenges to its goal of a first small modular reactor by 2032. Its first experiment with nuclear energy dates to February 1965, when then-president Sukarno inaugurated a test reactor. Sixty years later, Southeast Asia's largest economy has three research reactors but no nuclear power plants for electricity. Abundant reserves of polluting coal have so far met the enormous archipelago's energy needs. But 'nuclear will be necessary to constrain the rise of and eventually reduce emissions,' said Philip Andrews-Speed, a senior research fellow at the Oxford Institute for Energy Studies. President Prabowo Subianto has promised to ensure energy security while meeting a pledge to eliminate coal-powered electricity generation within 15 years. Coal accounts for around two-thirds of electricity generation in Indonesia, which targets net-zero by 2050. The government wants 40–54 gigawatts of the 400 gigawatts it projects will be generated nationwide by 2060 to come from nuclear. It hopes to kickstart capacity with a reactor on Borneo 'by 2030 or 2032', according to Energy Minister Bahlil Lahadalia. It will be a small modular reactor, which has a lower capacity than traditional reactors but is easier to assemble and transport. The total number of plants planned has not been detailed, but the government has begun scouting locations — a challenge for a country located on the seismically active 'Ring of Fire'. 'Currently, 29 potential locations have been identified for the construction of nuclear power plants,' said Dadan Kusdiana, acting secretary general of the National Energy Council (DEN). All are outside the country's biggest island of Java, in line with government goals to develop the archipelago's centre and east. The sites would also put facilities near energy-hungry mining sites. A general view of the nuclear reactor operation chamber at the Kartini Nuclear Reactor of the National Research and Innovation Agency (BRIN) at the Achmad Baiquni Babarsari Science and Education Zone (KSE) in Yogyakarta on May 22, 2025. — AFP pic Ring of Fire While Japan's quake and tsunami-triggered Fukushima disaster has stalled nuclear progress in some parts of Asia, proponents say nuclear can be done safely in Indonesia. 'North Java, East Sumatra, West Kalimantan and Central Kalimantan are considered as low-risk zones,' said Andang Widi Harto, a nuclear engineering researcher at Yogyakarta University. 'These low seismic risk regions also coincide with low volcanic risk regions,' he added. Countries from Vietnam to Belgium are also growing or retaining nuclear capacity as they struggle to meet net-zero goals to combat climate change. While Indonesia may not be alone in the nuclear pivot, it has little domestic expertise to draw on. It will look abroad for help, said Kusdiana, citing 'serious interest' from providers including Russia's Rosatom, China's CNNC and Candu Canada. The Indonesian subsidiary of US company ThorCon is already seeking a licence for an experimental 'molten-salt reactor'. It wants to use shipyards to build small reactors that will be towed to coastal or offshore locations and 'ballasted' to the seabed. Kusdiana said DEN has also visited France's EDF SA to explore possible cooperation. French President Emmanuel Macron is due in Indonesia this week as part of a Southeast Asia tour. EDF said there were currently 'no discussions underway on nuclear with Indonesia,' though its CEO Bernard Fontana will be part of Macron's delegation. A second French firm, Orano, also said it had not discussed collaboration with Indonesia. A technician uses a dosimeter at the Kartini Nuclear Reactor research facility of the National Research and Innovation Agency (BRIN) at the Achmad Baiquni Babarsari Science and Education Zone (KSE) in Yogyakarta on May 22, 2025. — AFP pic Sceptical Given the challenges, which also include connectivity issues, waste disposal and potential domestic opposition, some experts warn Indonesia's nuclear timeline is overambitious. 'I would join others who are sceptical that Indonesia can deploy nuclear power at any significant scale in the next ten years,' said Andrews-Speed at the Oxford Institute. Environmentalists would like to see Indonesia focus more on meeting its clean energy targets with renewable sources. While hydroelectric accounts for over 7 percent of Indonesia's electricity generation, solar and wind contribute tiny amounts and could be significantly ramped up, experts say. Cost and 'high corruption' are also obstacles, said Dwi Sawung, energy and urban campaign manager at NGO WALHI. 'There is not enough left in the government and PLN (state electricity company) budget,' he said. The government has not said how much it expects the nuclear ramp-up to cost, but Kusdiana insists the money will be there. 'Various potential international investors... have shown interest,' including Russia, the United States, Denmark, South Korea and China, he said. — AFP
CBC
08-05-2025
- Business
- CBC
Ontario set to spend $20B to build Canada's 1st mini nuclear power plant
Ontario is giving the green light to build Canada's first small modular reactor. The $20-billion project is set to boost the province's electricity supply.
