Our uranium stocks are up big today — again:
“Small modular reactor” maker NuScale Power, meanwhile, gained 40% in just a few hours:
Lots of Good News
What’s happening? A lot of things, including Big Tech companies’s realization that their their AI dreams require unlimited baseline power, which is nuclear’s specialty:
Amazon makes fresh nuclear bet. Is it good news for this year’s hottest stocks?
Tech companies are embracing the construction of new small modular reactors which could have implications for nuclear stocks that have been some of the biggest gainers of 2024
(MarketWatch) - Days after Alphabet Inc. splashed into the world of nuclear energy with a new arrangement that will help power its artificial-intelligence data centers, Amazon.com Inc. is making a similar kind of move.
Amazon already had a deal with Talen Energy Corp. through which the technology giant will make use of an existing nuclear reactor. But on Wednesday, the company took its embrace of nuclear further, as it said it would support the construction of new small modular reactors, or SMRs, in partnership with other players.
“SMRs are an advanced kind of nuclear reactor with a smaller physical footprint, allowing them to be built closer to the grid,” Amazon said in a blog post. “They also have faster build times than traditional reactors, allowing them to come online sooner.”
The agreement could have nuanced implications for nuclear stocks that have been some of the biggest gainers of 2024. Amazon’s earlier arrangement is with publicly held Talen and involves an existing reactor, while Microsoft Corp. recently inked an arrangement with Constellation Energy Corp. which will see that company restart a Three Mile Island reactor. But Wednesday’s Amazon announcement, and Google’s from earlier in the week, involve the building of new SMRs.
Hyperscale cloud companies increasingly are embracing nuclear as they look to power AI data centers, which require huge amounts of energy. The companies see appeal in nuclear as it’s a “clean” energy source but one with more reliable supply than renewables like solar and wind. But there are only so many existing reactors out there, and building new traditional ones can be costly.
Bridge Burning
(Doomberg) - The sudden boom in energy-intensive artificial intelligence (AI) is creating a scenario in many countries, especially in the US, where the hunt for high-quality power is forcing companies to look for solutions beyond the existing quasi-public infrastructure:
“Microsoft Corp. is going to pay a hefty premium for power from the soon-to-be-restarted Three Mile Island nuclear plant, a recognition that carbon-free electricity is more valuable when it’s available around the clock.
The company will pay owner Constellation Energy Corp. at least $100 a megawatt-hour for power from the Pennsylvania plant, according to estimates from Bloomberg Intelligence, while Jefferies LLC puts the figure at about $112. That compares to about $60 a megawatt-hour for wind and solar energy available now in the same region, according to Jefferies.”
Comparing the price of baseload nuclear power to that of intermittent renewable electricity is akin to comparing bananas to potato chips—both are considered food, but their caloric values are anything but equal. In substance, the Three Mile Island deal is consistent with our understanding of how AI will impact the economy, as reported in “Fission Chips” nearly a year ago:
“A useful way to model the economy is to assume society will do whatever it takes to stay on the Kurzweilian path of exponentially increasing computing power, regardless of the financial or energetic barriers that manifest…
The advance of AI, for better or worse, may be the force that finally lifts nuclear from the fallacy of its bad reputation in the US. Kurzweil’s vision requires vastly more nuclear power to be realized, and betting against The Singularity has been a losing trade for decades.”
nuclear is a really dirty, dangerous, potentially catastrophic way to create energy for the A.I. billionaires who seek to enslave you.
Our uranium stocks are up big today — again:
hello John
you are so right......i was watching today's lineup of our Uranium Stocks with great enthusiasm..........yessssssssssssssssss
it is so much fun when we have a good day like today.........tomorrow may be different
but hey.........Today we had fun............yesssssssssssssssssssss