Centrus Energy Corp. (NYSE:LEU) reported on September 17 that it had signed a multi-year contract to supply high-assay low-enriched uranium (HALEU) to Antares Nuclear, with deliveries expected to begin before the end of the decade. Although financial terms were not disclosed, the deal includes prepayments from Antares to help fund Centrus' expanded HALEU capacity.
The deal holds strategic importance as Antares is developing compact microreactors for critical missions on Earth and in ***** e. The company was also recently selected for the U.S. Army's Janus Program, a $2.2 billion initiative to build and operate tiny nuclear reactors on military bases, with the hope that they will one day power remote installations.
Amir Vexler, President and CEO of Centrus Energy, commented:
"This contract is another sign that demand for HALEU is real and it is accelerating, and Centrus is in prime position to meet this need. Binding orders from Antares and others are supporting our expansion to commercial-scale production – an expansion that is now well underway. We look forward to supporting Antares' continued growth and success."
dan-meyers-xXbQIrWH2_A-unsplash

#centrus #haleu

NextEra Energy, Inc. (NYSE:NEE) announced on September 8 that it had secured a loan of up to $1.9 billion from the U.S. Department of Energy to support the restart of a shuttered nuclear power plant in Iowa. The Duane Arnold Energy Center ceased operations in 2020 after 45 years of service. The plant is now expected to resume operations in early 2029, pending regulatory approvals.
The federal funding is intended to help restore the facility and add reliable generation capacity as the US electricity demand soars to record levels amid the AI boom. To help meet the growing demand, President Trump is making efforts to accelerate the expansion of nuclear energy. He has signed an executive order to get 10 large conventional reactors under construction by 2030 and has also called for federal funding to support the restart of shuttered nuclear plants.
John Ketchum, Chairman, President, and CEO of NextEra Energy, commented:
"Restarting Duane Arnold is about delivering new power to meet new demand while generating billions of dollars in economic value for Iowans. Just as importantly, it shows how America can support rapid economic growth and rising electricity demand while helping keep power affordable for existing customers. By bringing new generation online to serve new demand, we can strengthen the grid, create hundreds of good-paying jobs and help ensure Iowa families and businesses are not asked to bear the costs of growth. We appreciate the Administration's leadership in advancing America's nuclear renaissance and share its commitment to an all-of-the-above energy strategy that expands supply, strengthens energy security and keeps America competitive."
Photo by Frédéric Paulussen on Unsplash

#duane #arnold

Small modular reactors, or SMRs, are essentially miniature nuclear power plants. They can be built faster than larger conventional nuclear facilities. And while typically more expensive on a per-megawatt basis, upfront capital investment can also be much lower than that of traditional nuclear plants.
While the concept of SMRs has been around for decades, only two SMR systems have ever been commercialized -- one in Russia, the other in China. Both of those systems are relatively small in generating capacity.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
A new age for SMRs, however, is upon us. The AI industry needs more power quickly to support scaling trillions of dollars in data center infrastructure. Nuclear power can provide large amounts of stable baseload power with minimal refueling needs. And while SMRs are typically higher cost on a per-megawatt basis, the speed of construction of these smaller nuclear systems is highly attractive in today's environment.
The European Investment Bank -- the lending arm of the European Union -- is recognizing the potential of SMRs. On Sept. 4, the group announced a €40 million loan to Steady Energy, an SMR developer based in Finland. According to Reuters, "The loan is the first in a pipeline of SMR investments the EIB has planned."

#smrs #power #small

NuScale Power Corporation (SMR) stands out as America's leading developer of small modular reactors (SMRs), building light-water nuclear systems designed to deliver reliable, carbon-free baseload power. Its core product, the NuScale Power Module, targets a wide range of applications, from traditional electricity generation to industrial decarbonization, AI data center power supply, and hydrogen production. Notably, NuScale remains the only SMR developer to secure Standard Design Approval from the U.S. Nuclear Regulatory Commission, a regulatory milestone that continues to anchor its competitive positioning in the emerging advanced nuclear industry.
NuScale's stock has been anything but stable. Over the past 52 weeks, shares have traded across an enormous range, from a low of $7.21 to a high of $57.42, before settling closer to $10.81. That volatility stems from a mix of factors: heavy retail investor interest, elevated short interest fueling sharp swings in both directions, and macroeconomic shifts in interest rates that disproportionately affect capital-intensive, pre-revenue growth companies. Compared to the Russell 2000, a benchmark of diversified, largely profitable small-cap stocks, NuScale carries a significantly higher beta and downside risk, reflecting its speculative, early-stage commercialization profile.
Goldman Sachs Expects Fed Chair Kevin Warsh to Raise Rates This Week — But Not Because of Oil Prices.
Crude Prices Soar as Global Oil Supplies Continue to Tighten
Middle East Supply Constraints Lift Crude Oil Prices

#nuclear #crude

There's an old investing rule, popularized by investing legend Peter Lynch, to invest in what you know. It's deceptively simple advice: The better you understand a business, the better equipped you are to recognize its opportunities.
Likewise, greater knowledge of a business improves your ability to recognize things that could potentially go wrong. That second part is especially important.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
When it comes to NuScale Power (NYSE: SMR), there's one thing investors should probably know before buying the dip: what its small modular reactors (SMRs) could actually cost to operate. This isn't, to be sure, a question investors can answer with much certainty today, mainly because NuScale doesn't have a commercial reactor in operation.
That said, a newly released study, which has not yet gone through peer review, offers a sobering estimate. And if the findings hold up, the operating costs for NuScale's reactors could pose a much bigger problem to its business than previously thought.

#recognize

The energy landscape is evolving rapidly, and one company looking to disrupt the status quo and redefine the future of nuclear power is NuScale Power (NYSE: SMR). NuScale is the only small modular reactor (SMR) developer to receive a Standard Design Approval from the Nuclear Regulatory Commission.
On Sept. 1, NuScale achieved a major engineering breakthrough. In collaboration with MilleniTEK, it successfully fabricated specialized boron-oxide pellets, a critical component of NuScale's cutting-edge passive emergency cooling system.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
This engineering triumph is a major step toward making safe, meltdown-proof modular nuclear power a reality. It also helps NuScale move closer to commercial deployment. But does this make NuScale Power stock a buy? Let's dive into the details and what it means for the stock.
In traditional nuclear reactors, reactivity control during nonstandard events often relies on active mechanical insertion of control rods or on powered chemical injection pumps. NuScale's 77 MWe Small Modular Reactor (SMR) design relies on passive safety mechanisms.

#power

Sept 13 (Reuters) - The head of Russia's state nuclear energy corporation accused Ukraine on Sunday of attacking diesel fuel trucks, killing ‌two Russian servicemen and deliberately jeopardising safety at the Russian-held Zaporizhzhia ‌nuclear power plant in Ukraine.
Alexei Likhachev said the attack took place on Friday and also resulted in injuries to other Russian soldiers.
The Zaporizhzhia plant, Europe's largest with six reactors, was seized by Russian forces in the early weeks of the Ukraine war that broke out in February 2022. Each side has regularly ‌accused the other of actions ⁠that endanger safety at the plant and increase the risk of a nuclear accident.
Likhachev issued a statement saying Ukrainian ⁠forces had launched "a series of combined strikes" on Friday on fuel trucks which deliver diesel to the station.
"The strikes hit very close to the perimeter of the station's site," he said.

#russian #nuclear #Friday

Oklo (NYSE: OKLO), a developer of microreactors for nuclear power plants, has been a divisive stock since its market debut. After going public through a merger with a special purpose acquisition company (SPAC) on May 10, 2024, Oklo started trading at $15.50 per share.
It soared to a record high of $174.14 on Oct. 14, 2025, but it now trades at about $43. Wall Street's average price target for the stock is about $75. Let's see why Oklo's stock went through so many wild swings -- and where I think it will actually end up by the end of 2026.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Oklo's Aurora microreactor, which is much smaller than conventional nuclear reactors, only generates 1.5 MWe per unit. However, its modular design allows it to be deployed alongside additional reactors to generate up to 75 MWe per "Powerhouse" power plant. That's tiny compared to a conventional nuclear power plant, which typically generates at least 1,000 MWe, but Aurora's Powerhouse plants can be deployed on less land in remote, off-grid areas.
The Aurora also uses metallic uranium fuel pellets, which are denser, have higher thermal resistance, and are cheaper to produce than the uranium dioxide fuel pellets that power conventional reactors. By recycling its pellets in a closed loop, the Aurora can last for a decade without refueling. Conventional reactors are still refueled in stages every two years.

#conventional #reactors #signal

Nuclear energy is experiencing a resurgence, according to many leading experts. "After decades of underinvestment, a convergence of generational technological breakthroughs, intensifying geopolitical competition, and the need for clean, dense, reliable power are positioning nuclear energy for a renaissance," **** ysts from Goldman Sachs conclude.
"But the next nuclear age will look different from the last," the bank warns. "Innovations in fission like small modular reactors (SMRs) are shaping what the revival of traditional nuclear fission could look like."
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Analysts from Morgan Stanley are in agreement. "Nuclear power generation is experiencing a revival driven by ambitious climate goals and technology demands," the firm observes. Like Goldman Sachs, Morgan Stanley sees SMRs as one of the most promising solutions for scaling nuclear energy.
"Innovations in nuclear energy may also contribute to the investment growth picture, and a new U.S. law aimed at encouraging new nuclear technologies while cutting down red tape could help spur activity," Morgan Stanley says. "Small modular reactors (SMRs), for instance, are a fraction of the size of conventional reactors and can be factory **** embled and transported, offering scalability and flexibility."

#nuclear #smrs

On August 27, David Strauss from Wells Fargo upgraded BWX Technologies Inc. (NYSE:BWXT) from an Underweight to Equal Weight rating. In the process, the ******* yst cut down his target price from $200 to $170, which equates to an adjusted upside potential of 11.63% as of August 31 closing.
Strauss looks forward to the company's upcoming investor day in late September. He expects it to provide support to the stock, as the long-term growth forecast to be shared by the management is projected to be in line with the broader consensus estimates. The ******* yst also highlighted the company's various commercial initiatives that could lead to further upside, once they start materializing.
As of the August 31 close, the stock was down 11.89% from its December 31, 2025 closing price. Following Wells Fargo's rating upgrade, let's shed some more light on some underlying growth drivers and risks for BWX Technologies.
KAI AYASE/Shutterstock.com
BWX Technologies Inc. (NYSE:BWXT) has its core focus on nuclear components and reactors. Its diverse customer base includes the U.S Navy, Department of Energy, and Commercial customers, which ensures recurring, high-visibility revenue streams for the business.

#technologies #wells #rating

Shares of NuScale Power (NYSE:SMR) trade around $9.63 as of this writing, down about 83% from their $57.42 52-week high.
But the demand that sent nuclear stocks soaring in the first place hasn't reversed. Constellation Energy (NASDAQ:CEG), for instance, reported an additional 920 megawatts of long-term power purchase agreements alongside its second-quarter results.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
In other words, the crash and the demand can both be true at once, because these companies do very different jobs. NuScale designs reactors, Cameco (NYSE:CCJ) sells the fuel, and Constellation already sells the power. A $2,000 investment split across the three buys three different claims on the same electricity demand.
Image source: The Motley Fool.

#power #constellation #down #first

Nuclear energy is experiencing a resurgence, according to many leading experts. "After decades of underinvestment, a convergence of generational technological breakthroughs, intensifying geopolitical competition, and the need for clean, dense, reliable power are positioning nuclear energy for a renaissance," ******* ysts from Goldman Sachs conclude.
"But the next nuclear age will look different from the last," the bank warns. "Innovations in fission like small modular reactors (SMRs) are shaping what the revival of traditional nuclear fission could look like."
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Analysts from Morgan Stanley are in agreement. "Nuclear power generation is experiencing a revival driven by ambitious climate goals and technology demands," the firm observes. Like Goldman Sachs, Morgan Stanley sees SMRs as one of the most promising solutions for scaling nuclear energy.
"Innovations in nuclear energy may also contribute to the investment growth picture, and a new U.S. law aimed at encouraging new nuclear technologies while cutting down red tape could help spur activity," Morgan Stanley says. "Small modular reactors (SMRs), for instance, are a fraction of the size of conventional reactors and can be factory ******* embled and transported, offering scalability and flexibility."

#nuclear #smrs #morgan #goldman

On August 27, David Strauss from Wells Fargo upgraded BWX Technologies Inc. (NYSE:BWXT) from an Underweight to Equal Weight rating. In the process, the ******* yst cut down his target price from $200 to $170, which equates to an adjusted upside potential of 11.63% as of August 31 closing.
Strauss looks forward to the company's upcoming investor day in late September. He expects it to provide support to the stock, as the long-term growth forecast to be shared by the management is projected to be in line with the broader consensus estimates. The ******* yst also highlighted the company's various commercial initiatives that could lead to further upside, once they start materializing.
As of the August 31 close, the stock was down 11.89% from its December 31, 2025 closing price. Following Wells Fargo's rating upgrade, let's shed some more light on some underlying growth drivers and risks for BWX Technologies.
KAI AYASE/Shutterstock.com
BWX Technologies Inc. (NYSE:BWXT) has its core focus on nuclear components and reactors. Its diverse customer base includes the U.S Navy, Department of Energy, and Commercial customers, which ensures recurring, high-visibility revenue streams for the business.

#august #technologies #NYSE

NuScale Power (NYSE: SMR) is a popular nuclear energy stock with significant upside potential. The company is valued at just $4 billion despite operating in what could become a $300 billion global market.
In general, Wall Street ****** ysts are bullish on the company. The consensus price target of $11.85 suggests nearly 30% in near-term upside. Two ****** ysts believe shares could double in value over the next 12 months.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
There's no doubt about NuScale's potential. The company specializes in small modular reactors, or SMRs. This technology has been around for decades, with only two SMR facilities ever commercialized worldwide. Adoption of SMRs, however, is heating up quickly. More than 80 SMR systems are currently in development, largely thanks to a single catalyst: rapidly rising energy demand from artificial intelligence (AI) companies.
These companies require large amounts of reliable baseload power. And due to climate commitments, much of this emerging power demand must be met by low-carbon generation. AI companies will need more power years down the line, but they also need more power now. That makes SMRs a better fit versus conventional nuclear power plants. SMRs are essentially miniature nuclear power plants that can be built faster and with lower upfront costs. They can also be located directly next to data center infrastructure.

#power #smrs #flashing

The U.S. power grid is entering a period unlike any it has experienced in decades. Rapid electrification, domestic manufacturing, and the exponential growth of artificial intelligence are reshaping electricity demand. A recent report from Lawrence Berkeley National Laboratory, supported by the U.S. Department of Energy, projects that data centers alone could account for between 9.5% and 15.3% of total U.S. electricity consumption by 2030. More broadly, U.S. electricity demand is projected to grow by approximately 15% to 20% by 2035—roughly 80–110 GW of firm capacity—underscoring the scale of new generation that will be needed. Against this backdrop, executives across the utility, independent power producer, industrial, and technology sectors are making investment decisions that will shape the grid for decades.Safety is foundational to any nuclear project and is subject to rigorous review by the U.S. Nuclear Regulatory Commission (NRC). But the commercial and execution risks utilities must weigh extend well beyond safety: reactor design, constructability, supply chain readiness, licensing progress, workforce depth, operability, performance, and reliability.Advanced reactors are often discussed as a single technology class, yet the commercial and execution risks ******* ociated with individual designs differ substantially. As these technologies move toward commercial deployment, evaluating them requires a more comprehensive ******* sment of their technology, deployability, and commercial merits—and, importantly, the extent to which each design reduces or eliminates risk across multiple dimensions over the full project lifecycle. That ******* sment begins with three structural questions.
Capital efficiency is more than the magnitude of overnight capital cost (OCC). It encompasses how effectively capital is deployed and the capital intensity over time—especially before the commercial operation date (COD)—as well as post-COD costs: fuel, refueling outages, major projects and refurbishment, labor and other operations and maintenance (O&M) expenditures, and ultimately decommissioning. OCC offers only a partial view, since financing costs can account for a significant portion of total project cost. A smaller, simpler, faster-to-build design may achieve superior unit economics compared with higher-output designs that initially project a lower $/kW, once financing and schedule are considered. This amplifies the importance of long-lead materials, supply chain certainty and resilience, workforce and learning effects, and constructability in determining overall project cost and capital exposure.Utilities should also examine how fundamental reactor design choices affect both construction and lifecycle costs. Designs with high inherent safety that employ passive safety features—placing the plant into a safe condition through the natural laws of physics rather than relying primarily on active systems or operator intervention—can reduce reliance on multiple trai

Last October, shares of NuScale Power (NYSE: SMR) hit an all-time high of about $57. Today, shares trade at just under $10, representing a massive 84% decline.
What happened? Nothing that an 84% decline might suggest: no bankruptcy, no regulatory complications, no nuclear accidents (thank goodness). The drawback was more likely a sign that investors had lost patience with an overvalued nuclear stock with no reactor operating in the real world, and no firm first customer.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Funny thing is, NuScale actually looks better positioned as a company than it did at the height of its AI-nuclear boom. Investors looking for a value may want to reconsider NuScale, especially with a multi-state project moving closer to a signed deal.
If you're new to NuScale, here's a quick catch-up: The company wants to build and sell small modular reactors (SMRs), which are essentially compact nuclear power plants designed to generate carbon-free electricity from a much smaller physical footprint than your traditional nuclear facility. It is currently the only company in the U.S. with an NRC-approved SMR design, but it has not yet built a reactor for a customer.

#nuscale #power #time

Saudi Arabia's power stations, desalination plants, factories and farms consume more than 1 million barrels per day of liquid fuel that the kingdom aims to displace by 2030. Natural gas and renewables will provide most of the replacement energy. Nuclear power could reduce domestic oil consumption further after 2030 as electricity demand continues to grow.
On July 22, the United States and Saudi Arabia signed a 30-year civil nuclear cooperation agreement, clearing the way for U.S. companies to potentially supply the kingdom with reactors, nuclear materials and technical services. Similar agreements with Turkey and the UAE entered into force in June 2008 and December 2009, respectively.
The commercial opportunity is in Saudi Arabia's search for additional generating capacity. The IEA estimates that the kingdom's electricity demand grew by 3.8% in 2025 and forecasts average annual growth of 3.1% through 2030.
Related: U.S. Shale Producers Lose Bid to Kill Oil Price-Fixing Case
Saudi consumption of crude oil and fuel oil for power generation rises sharply during the summer, when air-conditioning demand peaks. Combined burn reached 1.42 million b/d in June 2024, according to the EIA. It fell to an average of 678,000 b/d in January and February 2025 (the lowest level for that period since 2016) with February alone registering an 11-year monthly low of 589,000 b/d. Reducing domestic oil-fired generation can leave more petroleum available for export or other uses.

#demand #february #million #fuel

MD Sass, a boutique ****** et management firm, published its second-quarter investor update for its flagship, the "MD Sass Concentrated Value Strategy." The letter can be downloaded here. In the first half of 2026, AI infrastructure stocks led the market, with the Russell 1000 Value increasing by 16.3%, outpacing the S&P 500 (10.2%) and Russell 1000 Growth (5.3%). This growth was fueled by semiconductor, memory, and hardware companies benefiting from AI development, even though they are considered cyclical. These sectors, representing only 7.7% of the Russell 1000 Value at the start of the year, contributed nearly 70% of its returns. The portfolio gained 10.0% in the second quarter, net of fees, compared to 13.9% for the Russell 1000 Value Index. Year-to-date, the strategy returned 6.6%, net of fees, versus 16.3% for the Index. The portfolio faced challenges due to limited exposure to companies with the greatest upside from AI infrastructure investments. It also lacked exposure to the Energy sector, which returned about 20% in the first half amid geopolitical tensions with Iran that increased commodity prices, affecting performance. The firm recognizes the importance of adapting its strategies while maintaining core investment principles as it explores future opportunities in emerging technological themes. Also, check the fund's top five holdings to see its best picks in 2026.
In its second-quarter 2026 investor letter, MD Sass Concentrated Value Strategy highlighted Flowserve Corporation (NYSE:FLS). Flowserve Corporation (NYSE:FLS) is an industrial company that focuses on industrial flow management equipment. On August 28, 2026, Flowserve Corporation (NYSE:FLS) closed at $80.33 per share. The one-month return of Flowserve Corporation (NYSE:FLS) was 4.95%, and its shares gained 49.70% over the past 52 weeks. Flowserve Corporation (NYSE:FLS) has a market capitalization of $10.21 billion.
MD Sass Concentrated Value Strategy stated the following regarding Flowserve Corporation (NYSE:FLS) in its Q2 2026 investor letter:
"We initiated a position in Flowserve Corporation (NYSE:FLS), a global leader in pumps, valves, seals, and other flow control equipment used across energy, power generation, chemicals, water, and general industrial markets. The company operates through its Pumps and Flow Control divisions and benefits from a large installed base that generates recurring, high-margin aftermarket revenue. Over the past several years, management has materially improved the quality of the business through more selective bidding, portfolio rationalization, and its 80/20 operating framework. Adjusted operating margins reached 14.8% in 2025, up 300 bps from the prior year, and management is targeting approximately 20% by 2030.
While continued margin expansion and aftermarket growth support the investment case, the crux of our thesis is nuclear power. FLS is one of the leading suppliers of highly engineered pumps and valves used in nuclear reactors. These

Over the coming decades, nuclear energy will be a $10 trillion opportunity. That's according to Bank of America ****** ysts, who are particularly excited about a relatively novel method of producing nuclear power: small modular reactors, or SMRs.
"Amid surging electricity demand, driven in part by the rise in AI/data centers, nuclear energy offers a potential solution," Bank of America concluded in a recent report. "And new advancements in technology may now make the tipping point in sight for small modular reactors (SMRs) to reshape nuclear energy supply chains over the next decade."
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
NuScale Power (NYSE: SMR) is currently the only company in the U.S. approved by regulators to build an SMR system. On a recent call with investors, CEO John Hopkins stressed that the company remains "the only SMR company in the world to have earned U.S. Nuclear Regulatory Commission standard design approval," adding that it has "done it for two separate designs, our 50-megawatt and our 77-megawatt modules."
Many other companies are currently working through the approval process for SMRs. But NuScale has leveraged its early approvals to secure large deals, including a 6-gigawatt project for the Tennessee Valley Authority (TVA). If built, that system would be the largest SMR facility in the world by a large margin.

#smrs #company #nuscale

The long-term growth story for nuclear power is clear. Artificial intelligence (AI) companies are scaling energy-intensive data center infrastructure as quickly as humanly possible. And the current energy grid isn't prepared for this unprecedented build-out. New energy sources will be needed quickly, and nuclear energy could deliver the reliable, low-carbon baseload power the AI industry craves.
NuScale Power (NYSE: SMR) has long appreciated this data center infrastructure demand tailwind. The company's small modular reactors (SMRs) are a great fit for adding large amounts of reliable power generation to the grid.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
This year, however, I think there's an even more exciting catalyst to pay attention to than general industry demand tailwinds.
NuScale remains the only nuclear developer in the U.S. approved by regulators to build an SMR system. But it has yet to even commercialize its approved designs. That could change later this year when the company suspects it could reach a power purchase agreement (PPA) with a major customer.

#signal #nuclear #data

On August 13, Brookfield (NYSE:BN) held its second-quarter earnings call, and the story management told was less about property spreadsheets and more about power lines and reactors. Distributable earnings before realizations climbed 15% year over year to $1.4 billion for the quarter, and executives spent much of the call explaining how a $100 billion Kentucky data center project and a nuclear buildout fit into that growth.
Brookfield's pitch centers on a gap between AI's appetite for electricity and the grid's ability to supply it. CEO Bruce Flatt described a $100 billion partnership with the US Department of Energy to build an AI campus in Kentucky on federally owned land, a deal he said requires few approvals because of that federal ownership. Alongside that, the Department of Energy committed a further $17.5 billion to Brookfield and its utility partners to acquire long lead time items for Westinghouse's reactor pipeline, which the company says is now under construction on 14 reactors with visibility into 40 more and another 100 beyond that.
The ****** et management engine backing these bets had its own strong quarter. Fundraising hit a record $77 billion, pushing fee-bearing capital up 19% to $672 billion and fee-related earnings up 20% from a year earlier. The Oaktree acquisition closed in July, and Wealth Solutions distributable earnings rose 23% year over year to $480 million as the newly acquired Just Group added $45 billion of insurance ****** ets. Real estate leasing added another data point: office tenants signed 4.5 million square feet globally at net rents 19% above what was expiring, including leases in Canada priced more than double prior rates.
Flatt opened his remarks by naming the risks directly, pointing to geopolitical conflict, higher energy prices and uncertainty around interest rates as factors shaping the near-term market environment. That acknowledgment sits alongside a Just Group integration that is still a work in progress. Management said it exited an early-stage direct-to-consumer initiative and is still working through reducing the business's cost base, and Just contributed just $29 million of earnings in its first quarter under Brookfield ownership, a starting return on equity of about 12%.
Capital return also raises questions for income-focused shareholders. The board declared a quarterly dividend of only $0.07 per share, while the company spent roughly $580 million on buybacks year to date at an average price of $42, showing where management prefers to direct spare cash. Separately, the approved simplification of Brookfield's capital structure requires taxable Canadian and UK shareholders to actively file an election if they want a tax-deferred share exchange, an administrative step that falls on investors rather than the company. Management also acknowledged the annuity business operates in a competitive market, even as it held spreads above 200 basis points.

#energy #company

LYNCHBURG, Va. - The sci-fi-worthy machine soaring 120 feet tall in the hills outside Lynchburg had been all but left for dead - a $400 million experiment that collapsed as the energy economy shifted and the financial prospects for next-generation nuclear technology soured.
The faux eight-story reactor in Lynchburg, built to mimic a nuclear plant but run on electricity so engineers can safely monitor and tinker with it, languished a decade unused on a Liberty University engineering campus.
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Now, with the AI build out exploding across the country, a pair of engineering wizards with a nuclear start-up and ******* eX pedigree see in it a lucrative solution to one of the country's most vexing challenges: powering the proliferation of data centers.
They are betting that they can leverage a forgotten test facility started in 2009 as a launchpad to build the small, more nimble nuclear reactors that the industry has been promising for decades could create cheap, reliable energy.

#post #engineering #washington

On August 6, Curtiss-Wright (NYSE:CW) held its second quarter 2026 earnings call and reported that the company's sales climbed 5% year-over-year to $924 million, but the real story was underneath. Operating income grew 12%, more than double the pace of revenue, pushing margins up 110 basis points, and free cash flow jumped 37% to $160 million. Management liked what it saw enough to raise full-year guidance across the board, and that raise is worth digging into.
Orders are the clearest signal here. Second quarter bookings rose 8%, giving Curtiss-Wright a book-to-bill above 1.1x, and year-to-date orders are up 12% against 9% sales growth, a book-to-bill above 1.2x, usually a preview of what revenue looks like a few quarters out. Defense Electronics led the charge, with orders up nearly 50% year-over-year in the quarter and more than 30% year-to-date, fueled by turret drive stabilization systems for international ground vehicles and tactical communications gear for the US Army, Marine Corps and Air Force.
The Aerospace & Industrial segment stood out, with sales up 12%, operating income up 25% and margin expansion of 180 basis points, helped by demand for actuation equipment on the Army's IFPC program. Naval & Power is leaning on submarine production timing and the CVN-81 carrier program, with full-year sales guidance there raised to 7% to 9% growth.
Commercial nuclear is the multi-year lever management keeps pointing to. In June 2026, the Department of Energy issued a conditional $17.5 billion loan commitment for up to 10 new Westinghouse AP1000 reactors, and Curtiss-Wright's reactor coolant pumps are expected to be among the long-lead equipment purchased. A DOE launch customer toured the company's operations in July 2026 and came away impressed, and management expects an AP1000 order before year-end.
Not every segment cooperated. Defense Electronics sales fell 3% as tactical communications orders shifted timing, though the segment still posted a 28% operating margin. Naval & Power orders also declined year over year, driven by the timing of submarine defense orders, a reminder that this business runs on lumpy government contracts.

#year

SEOUL, Aug 14 (Reuters) - TerraPower and South Korea's SK Innovation signed on Friday a preliminary global agreement on small ‌modular reactors (SMRs), Seoul's Industry Ministry said, opening a path ‌for the SK Group affiliate to participate in the U.S. company's projects at home and abroad.
The agreement was signed at a meeting in Seoul between TerraPower co-founder Bill Gates, SK Group Chairman Chey Tae-won and Industry Minister Kim Jung-kwan, the ministry said.
The deal gives SK Innovation, ‌the parent of South ⁠Korea's largest oil refiner, an opportunity to take part in development of TerraPower's SMR projects in the ⁠United States and overseas, the ministry said. It did not disclose financial terms or the scope of any investment.
TerraPower, backed by Gates, is developing its sodium-cooled Natrium reactor project in Kemmerer, Wyoming. The company ‌received a construction permit from the U.S. Nuclear Regulatory Commission in March and is targeting commercial operation in 2031, the ministry said.
South Korea's Doosan Enerbility said on Friday it won a contract from TerraPower to manufacture key components for the reactor, including the ‌reactor vessel, support structures and internal structures, without disclosing the value of the deal.

#ministry #south #innovation #gates

On August 6, Allient (NASDAQ:ALNT) reported its second-quarter fiscal 2026 results, where revenue climbed 10% year-over-year to $153.8 million, gross margin hit a record 34.9%, and orders jumped 49% to $201.3 million, with a book-to-bill ratio of 1.31x. The company also flagged data center demand as a rising piece of its story. So is this durable, or a single strong quarter dressed up as a trend?
The breadth of the quarter stands out. Industrial revenue rose 17%, Aerospace & Defense grew 16%, and Medical increased 9% on demand for surgical robotics and other precision motion work. Data center and infrastructure sales, part of the Industrial bucket, reached $16.3 million, or 10.6% of total revenue, up 60% from a year earlier. On a trailing 12-month basis, those sales hit $57.1 million, up 69% year over year, tied to power quality products like harmonic filters and line reactors that help data centers manage increasingly dense electrical loads.
Profitability improved just as sharply. Operating income rose to $15.6 million from $11.7 million, pushing operating margin to 10.2%, the highest level in roughly a decade. Net income jumped 85% to $10.4 million, or $0.61 per diluted share, while adjusted EBITDA rose 18% to $23.7 million. Backlog ended the quarter at $298 million, with most of it expected to convert to revenue within three to nine months, giving management a clearer read on the back half of the year.
The Vehicle market was the exception to an otherwise strong quarter, with revenue falling 7% on weaker powersports demand. Aerospace & Defense growth of 16% also came despite the previously announced cancellation of the M10 Booker program, a reminder that individual defense contracts can disappear even as the broader segment grows. Management itself cautioned that the record gross margin benefited from favorable mix, and mix can be lumpy, meaning quarter-to-quarter variability should be expected even if the structural trend holds.
Restructuring and business realignment costs, tied partly to the Dothan facility transition, came in at $600,000 for the quarter and are expected to total $2 million to $3 million for the full year. Inventory turnover slipped slightly to 3.1x from 3.2x in 2025, reflecting deliberate investments in inventory and strategic material buys to support growth and hedge against tariff uncertainty. The company also noted it has submitted or expects to submit about $1.3 million in tariff refund claims tied to IEEPA, but hasn't recorded any receivable given the uncertainty around timing and amount.

#defense

The momentum behind artificial intelligence (AI)-linked nuclear energy stocks hit a brick wall in July, sending high-flying names like Oklo (NYSE: OKLO) into a nose-dive.
Shares of the nuclear energy start-up tumbled 25.8% last month, according to data provided by S&P Global Market Intelligence. By the end of July, the drop had wiped about 80% of the stock's value from its October 2025 peak of $193.84.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
For a company promising to fuel the AI build-out with fast-fission reactors, winning important approvals from the Department of Energy (DOE), and securing massive partnerships, the sudden mid-summer fallout left many investors asking where the power went.
Oklo is building fast-fission nuclear power plants called Aurora powerhouses and is still a pre-revenue company.

#oklo #company #called

Constellation Energy (NASDAQ:CEG) gave investors a lot to unpack on August 6 with the release of its second-quarter earnings report. The report raised full-year adjusted operating earnings guidance to $11.50 to $12.50 per share and stacked on a run of nuclear contract wins and regulatory approvals tied to its Crane Clean Energy Center restart. The headline story is growth. The details show a company juggling more moving parts than it has in years.
Constellation signed 920 megawatts of new long-term power purchase agreements in the quarter, contracts running 15 to 20 years that won't start delivering power until 2029 through 2032. One, a 176-megawatt deal with Walmart (NASDAQ:WMT), split into two 15-year contracts that start in 2029 and 2030, will fund a 30-megawatt expansion at the Dresden Clean Energy Center, located in Illinois. The batch averages 18.5 years in length, adding to earlier 20-year agreements with Microsoft Corp. (NASDAQ:MSFT) and Meta Platforms (NASDAQ:META).
The bigger prize is Crane, the plant once known as Three Mile Island Unit 1. FERC granted a waiver letting Constellation shift grid connection rights to Crane, and the NRC approved its fuel license amendment, clearing two of the last hurdles before the 835 megawatt unit restarts in 2027 to serve its Microsoft contract. Constellation also filed to extend the licenses of its Ginna and Nine Mile Point 1 reactors in New York out to 2049, stretching value from ****** ets it already owns. Management guided to 20% annualized adjusted earnings growth through 2029, a number that excludes any contracts signed after this quarter.
GAAP numbers moved the other way. Earnings per share fell to $1.42 from $2.67 a year earlier, even as adjusted operating earnings rose to $2.55. Part of that gap traces to a bigger share count after the Calpine acquisition, with average diluted shares outstanding climbing to 360 million from 314 million. The nuclear fleet had a rougher quarter too: output slipped to 44,160 gigawatt-hours from 45,170, and the capacity factor at plants Constellation operates fell to 93.0% from 94.8%, with planned refueling outage days more than doubling to 86 from 41.
There's also cleanup work left from Calpine. Constellation agreed to sell the 606 megawatt Brazos Valley Energy Center to LS Power for $860 million, the last divestiture regulators required, but the deal still needs Department of Justice approval to close. And as a merchant power seller, Constellation stays exposed to regulatory pushback, including from consumer advocates who argue that connecting data centers directly to nuclear plants lets big tech dodge grid costs that land on residential customers instead.

#quarter #center

Cameco (NYSE: CCJ) recently reported ugly second-quarter results. The nuclear fuel supplier's revenue fell 7%, while its adjusted earnings per share missed the ******* ysts' consensus estimate by a mile (0.18 Canadian dollars per share vs. CA$0.36 per share, or $0.13 to $0.26).
However, things for the uranium company weren't as bad as they initially looked. The earnings miss was almost entirely due to lower equity earnings from its investment in Westinghouse Electric, which it co-owns with Brookfield Renewable. That trend could quickly reverse as its owners are preparing to take Westinghouse public, which could unlock significant value for Cameco.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Cameco bought a 49% interest in Westinghouse in late 2023, with Brookfield Renewable purchasing the remaining 51% stake. The deal valued Westinghouse at CA$8.2 billion ($5.9 billion) at the time of its closing.
As a co-owner of Westinghouse, Cameco accounts for its interest in the business on its financial results using the equity method of accounting in Canadian dollars. During the second quarter, Cameco reported a CA$10 million ($7.2 million) loss attributable to its Westinghouse share. That was down from CA$126 million ($90.4 million) in earnings in the year-ago period. However, that was entirely due to some lumpiness in Westinghouse's business. Cameco's equity earnings from Westinghouse were higher in 2025 due to its participation in the construction of two nuclear reactors at a power plant in the Czech Republic.

#earnings #NVIDIA

Experts are increasingly bullish on the potential of nuclear energy. Multiple Wall Street companies are predicting a multi-trillion-dollar opportunity for investors.
"After decades of underinvestment, a convergence of generational technological breakthroughs, intensifying geopolitical competition, and the need for clean, dense, reliable power are positioning nuclear energy for a renaissance," predicts Goldman Sachs.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Analysts at Goldman Sachs are particularly excited about relatively new forms of nuclear power, including small modular reactors, or SMRs.
"[H]yperscalers have ... helped lead investment in the commercialization of next-generation nuclear power, namely small modular reactors (SMRs) and fusion energy," the bank's ******* ysts conclude. "These technologies, long brushed off as too far from commercialization, are now drawing significant public and private sector support."

#nuclear #signal #energy #power

BUCHAREST, Romania (AP) — Romania raced on Thursday to sink four barges laden with rock into the Danube River in an attempt to redirect water downstream toward a nuclear power plant, to buy more time before its second reactor is likely forced offline due to record-low water levels.
Extreme heatwaves and low rainfall across the region have left the Danube at record lows over the past week, forcing the shutdown of a reactor at Romania's Cernavoda nuclear plant last week. The state-owned nuclear power plant accounts for about 20% of the country's electricity generation when fully operational and uses river water to cool its reactors.
The four barges were loaded with rock that Romania's military blasted from the river this week using explosives near the Danube's Bala Canal. Once submerged, the barges will create an underwater barrier to redirect the water down the river's main channel and toward the Cernavoda plant.
Speaking to local news channel Digi24, the plant's director Romeo Urjan said Thursday the Danube's water level had decreased about two centimeters (0.7 inches) from Wednesday to Thursday and that, without sinking the barges, the plant's second reactor would likely have to be shut down in five to six days.
"If the installed barges bring surplus water ... instead of five to six days, we will talk about nine to 10 days of operation from today onward," he said.

#plant