Cameco(CCJ) The Motley Fool·2024-12-06 09:18Core Insights - The rise of artificial intelligence (AI) is prompting companies to reevaluate their energy strategies while committing to reduce carbon emissions to combat climate change [1] - Several countries have endorsed a Declaration to triple nuclear energy capacity by 2050, supported by major financial institutions, highlighting nuclear energy's critical role in future clean energy needs [2] Company Summaries - Constellation Energy: As a leading clean-energy producer in the U.S., Constellation generates 32,400 megawatts of capacity, with 86% from nuclear sources. The company supplies about 10% of the nation's clean energy and 90% of its energy is carbon-free. The demand for carbon-free nuclear power positions Constellation as a strong investment opportunity [6] - Cameco: A major player in the uranium industry, Cameco operates significant mining operations in Canada and the U.S. The company is set to produce 23.1 million pounds of uranium this year. With tight supplies and rising demand, particularly due to the U.S. ban on Russian uranium imports, Cameco is well-positioned for growth [8][10] - NuScale Power: NuScale is pioneering small modular reactors (SMRs), which offer a scalable approach to nuclear energy. The company has secured Standard Design Approval for its 50-megawatt SMR. Despite facing challenges, such as project delays, NuScale's technology is attracting interest from tech companies and investors, making it a stock to watch [11][14][15]