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U.S. nuclear stocks surged in pre-market trading as President Trump is expected to sign an executive order easing regulations and strengthening the nuclear fuel supply chain, aiming to boost the domestic nuclear industry and reduce reliance on Russia and China.
#YonhapInfomax #NuclearIndustry #Trump #ExecutiveOrder #Oklo #NuScalePower #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
en.infomaxai.com/news/articleV

Yonhap Infomax · Nuclear Stocks Rally in Pre-Market Trading on Expectations of Trump Executive Order to Boost Industry
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#Nuclear fallout: Scrapped reactors and Manchin’s move

By HANNAH NORTHEY, 11/09/2023

"A highly anticipated advanced nuclear energy project was scrapped this week, signaling that the technology may have a rocky future despite billions of dollars in federal investment.

"#NuScalePower and a group of local electric utilities announced on Wednesday that they’re abandoning plans to build six first-of-a-kind modular reactors near Idaho Falls, #Idaho, writes Zach Bright. The project was set to receive as much as $1.4 billion from the Department of Energy — in a so-called cost-share deal — but couldn’t attract enough power subscribers.

"Small, factory-built reactors have long been touted as a possible lifeline for the nation’s aging nuclear sector and a carbon-free way to replace retiring coal-fired power plants. But some experts have questioned whether the industry can grow fast enough to curb power emissions.

"'It could be seen as another notch towards the idea of ‘this is a bit more #hype than reality,' said Eric Gimon, a senior fellow for energy think tank Energy Innovation. Electricity from the #NuScale reactors, he said, was ultimately too costly for local utilities."

politico.com/newsletters/power

#NRC#DOE#NoNukes