Sweden’s Vattenfall plans new nuclear reactors, choosing between GE Vernova and Rolls-Royce https://t.co/ItDZvzhVvp ...

Core Viewpoint - NANO Nuclear Energy Inc. has been selected to advance to the finals of the U.S. Army's xTechSearch 9 competition, highlighting the potential of its deployable microreactor technology to support national security priorities [1][3]. Company Overview - NANO Nuclear Energy Inc. is focused on developing clean energy solutions through advanced nuclear technology and aims to become a diversified and vertically integrated company across five business lines: portable microreactor technologies, nuclear fuel fabrication, nuclear fuel transportation, nuclear applications for space, and nuclear industry consulting services [4][5]. Technology and Development - The company is developing several advanced reactor products, including the KRONOS MMR™ Energy System, a stationary high-temperature gas-cooled reactor, and the portable LOKI MMR™ system, which are designed to provide on-demand clean energy solutions [5][6]. - NANO Nuclear's subsidiary, Advanced Fuel Transportation Inc. (AFT), aims to build a North American transportation company for HALEU fuel, which is essential for small modular reactors and microreactor companies [6][7]. - Another subsidiary, HALEU Energy Fuel Inc. (HEF), is focused on developing a domestic source for HALEU fuel fabrication to support NANO Nuclear's microreactors and the broader advanced nuclear reactor industry [7]. Strategic Importance - Advancing to the finals of the xTechSearch 9 competition allows NANO Nuclear to showcase its capabilities to Army decision-makers and explore collaboration opportunities that could enhance operational energy resilience and logistical flexibility for the military [3][4].

Core Viewpoint - Nuclear energy is experiencing a surge in interest due to technological advancements in Small Modular Reactor (SMR) technology, which is seen as a potential key energy source to meet the rising electricity demand from data centers. However, the market prices of nuclear stocks, particularly Oklo Inc., are considered to be in bubble territory, raising concerns about their long-term financial viability [1][3][30]. Group 1: Demand and Economic Viability - The marginal cost of production for existing nuclear and natural gas plants is low, making it difficult for new energy sources to compete. Current estimates place the production costs at $34 per MWh for nuclear and $31 per MWh for natural gas [5][12]. - The demand for electricity is increasing significantly, driven by the growth of AI and data centers, with net absorption into colocation data centers reaching 5GW annually [12][44]. - Nuclear energy is becoming increasingly viable due to the Inflation Reduction Act, which introduces a $15 per MWh credit for electricity produced by existing nuclear plants, effective from 2024 to 2032 [25][30]. Group 2: Technological and Regulatory Factors - SMRs are expected to improve the economic viability of nuclear energy by allowing for factory-built modules, which can reduce construction time and costs [28][29]. - The Department of Energy has initiated the Reactor Pilot Program to expedite the approval process for SMRs, which could enhance regulatory understanding and facilitate faster deployment [29][30]. - Despite the advantages of SMRs, the approval process remains stringent due to safety concerns, and most SMRs are not expected to be operational until 2030 or later [26][30]. Group 3: Market Dynamics and Investment Opportunities - The market is currently treating nuclear stocks as if they will provide perpetual financial gains, which is historically inconsistent with energy market dynamics where the "best" energy source fluctuates over time [41][42]. - Companies like Southern Company and Dominion are highlighted as better investment opportunities due to their diversified energy portfolios and reasonable valuations, trading at 22X and 18X forward earnings, respectively [45][46]. - The overall electricity demand surge from data centers presents a significant opportunity for nuclear energy, but it is essential to consider a broader range of energy sources rather than focusing solely on high-flying stocks like Oklo [44][43].

Core Viewpoint - UBS initiated coverage of Oklo stock with a neutral rating and a price target of $65, leading to a nearly 7% drop in shares before a partial recovery [1][3]. Group 1: UBS's Position on Oklo - UBS is "cautiously optimistic" about the potential for a nuclear renaissance in the U.S. due to President Trump's executive orders, which could create a $75 billion market for nuclear power plants and fuel [4]. - Despite this optimism, UBS requires further progress in commercializing Oklo's technology before considering a purchase [4]. - UBS noted that Oklo's stock appears "elevated," suggesting caution regarding its current valuation [5]. Group 2: Oklo's Financial Situation - Oklo currently has no earnings, free cash flow, or revenue, making it difficult to assess its valuation accurately [6]. - Analysts do not expect significant movement in Oklo's stock until 2027, when revenues may begin to materialize, with earnings projected for 2030 at the earliest [6]. - The stock is characterized as speculative, indicating high risk for potential investors [6].

Core Viewpoint - Nuclear energy stocks have shown strong performance in 2025, with Constellation Energy up 44% and NuScale Power up 95% as of August 18, driven by favorable sentiments from AI hyperscalers and the Trump administration [1] Group 1: Constellation Energy - Constellation Energy reported Q2 results that exceeded Wall Street expectations, with revenue $1.2 billion higher than anticipated and adjusted earnings per share beating estimates by 9 cents [2] - Despite strong earnings, the market reaction was muted, with shares down approximately 5% since the report, likely due to unchanged guidance [3] - Analysts have raised price targets for Constellation, with the average target now around $375, suggesting a potential upside of nearly 17% [5] Group 2: NuScale Power - NuScale Power's Q2 earnings were disappointing, with revenue just over $8 million, falling short by $2.4 million, and a larger-than-expected loss [6] - Following the earnings report, shares dropped 12% and have declined over 20% overall, although the lack of revenue guidance complicates performance predictions [7] - Despite the earnings miss, analysts from UBS and Canaccord Genuity raised their price targets, indicating a neutral outlook for the company [8] Group 3: Other Nuclear Companies - Nano Nuclear Energy has not reported revenue yet, but its Q2 loss per share was better than expected, leading to a 2% rise in shares on August 15 [10] - However, shares fell nearly 11% after a downgrade from Ladenburg Thalmann, which lowered its price target significantly [10] - Oklo emerged as a clear winner in Q2, with shares rising 9% after being selected for three reactor pilot programs by the U.S. Department of Energy, leading to multiple analyst upgrades [12]

Core Insights - The collaboration between Kairos Power, Google, and the Tennessee Valley Authority (TVA) marks a significant advancement in the deployment of advanced nuclear energy, specifically through the use of small modular reactors (SMRs) [1][3] - This agreement will enable Google to secure up to 50 MWe of carbon-free baseload power for its data centers starting in 2030, contributing to the company's decarbonization efforts [1][3] - The project aims to bring a total of 500 MWe of advanced nuclear power online by 2035, highlighting a growing commitment to clean energy solutions [3] Industry Implications - The demand for critical minerals, particularly beryllium, is expected to rise significantly as new reactor designs are deployed, with specific beryllium requirements outlined for various reactor types [2][3] - Beryllium is identified as a critical and strategic mineral due to its essential applications across multiple sectors, including clean energy, aerospace, and defense [5] - The supply security of beryllium is emphasized as crucial for enabling next-generation clean energy technologies [4][5] Company Positioning - Rockland Resources Ltd. is strategically positioned in the beryllium market, focusing on the development of its projects in the Spor Mountain region of Utah, which is known for its significant beryllium production [6] - The company is actively working on its portfolio of beryllium projects to meet the anticipated future needs for this critical mineral [5][6] - Rockland holds a 100% interest in the Cole Gold Mine, further diversifying its resource portfolio [7]

Google, Kairos Power and the Tennessee Valley Authority have agreed to supply 50 megawatts of nuclear power to data centers in Tennessee and Alabama. The companies say the deal will help meet rising U.S. energy demand and advance the nation's role in next-generation nuclear power. Under the agreement, Kairos's Hermes 2 Plant in Oak Ridge will feed up to 50 megawatts into the TVA grid that serves Google's facilities. The deal makes TVA the first utility to purchase power from a GEN IV reactor. It also marks ...

The same pattern holds in nuclear.China is #1 in reactors under construction.But India is in second place. https://t.co/dVuLKe1TZW ...

RT Thomas Kurian (@ThomasOrTK)Today with @KairosPower, Google announced our first advanced nuclear project in Tennessee, helping to scale clean energy technology and deliver on the promise of AI. Read more in @CNBC: https://t.co/E6BpxUdVXr ...

Core Viewpoint - Nano Nuclear Energy's stock is experiencing a significant decline following a bearish downgrade from analyst Michael Legg, who has revised the price target down to $9 from $51, indicating a potential downside of 74.9% from the current price of $35.89 [4][5]. Company Analysis - The downgrade was influenced by the company's recent third-quarter 2025 financial results and the belief that its strategy of promoting a broad, diversified model may not be as effective as focusing on core initiatives, particularly the Kronos reactor [5]. - In Q3 2025, Nano Nuclear Energy signed a memorandum of understanding with UrAmerica to enhance its resource capabilities and develop vertically integrated operations [5]. Market Reaction - As of 10:24 a.m. ET, shares of Nano Nuclear Energy are down 7.7%, recovering slightly from an earlier loss of 12.1% [2]. - The negative outlook from Ladenburg is not universally echoed among analysts, suggesting that the bearish sentiment may not be widespread [6].