A New Wave of Federal Nuclear Support & Coordination

Group 1 - The U.S. government is increasing support for the nuclear industry through funding for advanced reactor development, fuel production capacity, and expedited licensing processes [1] - A new Department of Energy (DOE) funding bill allocates $49 billion to the Office of Nuclear Energy, redirecting over $3 billion from other DOE offices [1] - The funding will support the Advanced Reactor Demonstration Program and provide $800 million to GE Vernova and Holtec for small modular reactors [1] Group 2 - The DOE has issued a request for information (RFI) for states to express interest in hosting Nuclear Lifecycle Innovation Campuses, which will support activities across the nuclear fuel life cycle [1] - States such as Wyoming, Tennessee, Texas, Utah, and Idaho are competing to host these campuses, which could attract $50 billion in private sector capital investments [1] - Hosting these campuses may provide significant ongoing revenue for the states and localities, along with the potential for advanced reactor deployment [1] Group 3 - BWX Technologies and GE Vernova are part of the VettaFi Nuclear Renaissance Index, which includes a diversified group of companies across the nuclear value chain [1] - The index serves as the underlying index for the Range Nuclear Renaissance Index ETF, providing investors with exposure to the global growth opportunity in nuclear power [1]