H2R
3 weeks ago
Meta seeks nuclear power developers for reactors to start in early 2030s
By Timothy Gardner
December 3, 20244:20 PM MSTUpdated 14 hours
WASHINGTON, Dec 3 (Reuters) - Meta (META.O), opens new tab said on Tuesday it is seeking proposals from nuclear power developers to help meet its artificial intelligence and environment goals, becoming the latest big tech company to take interest in atomic power amid an expected boom in electricity demand.
The company wants to add 1 to 4 gigawatts of new U.S. nuclear generation capacity starting in the early 2030s, it said in a release. A typical U.S. nuclear plant has a capacity of about 1 gigawatt.
"At Meta, we believe nuclear energy will play a pivotal role in the transition to a cleaner, more reliable, and diversified electric grid," the company said in a release.
U.S. data center power use is expected to roughly triple between 2023 and 2030 and will require about 47 gigawatts of new generation capacity, according to Goldman Sachs estimates.
But it will be tough to swiftly meet soaring power demand with nuclear reactors, as companies face an overburdened U.S. Nuclear Regulatory Commission, potential uranium fuel supply obstacles and local opposition.
Microsoft (MSFT.O), opens new tab and Constellation Energy (CEG.O), opens new tab announced a deal in September to restart a unit at the Three Mile Island plant in Pennsylvania in what would be the first-ever restart for a data center.
That announcement followed a similar agreement in March in which Amazon.com (AMZN.O), opens new tab, purchased a nuclear-powered data center from Talen Energy (TLN.O), opens new tab.
Meta said it is seeking developers with expertise in community engagement, development and permitting, and would consider either small modular reactors, an emerging part of the business that is not yet commercial, or larger nuclear reactors similar to today's fleet of U.S. nuclear plants.
Meta said it will take submissions from developers that want to take part in the request for proposals until Feb. 7, 2025.
The company said it was using the request-for-proposal process because, compared to renewable energy projects like solar and wind, nuclear is more capital-intensive, takes longer to develop, and is subject to more regulatory requirements.
"An RFP process will allow us to approach these projects thoroughly and thoughtfully with these considerations in mind," it said.
Let's see if NuScale benefits.
Best of luck with your investments.
H2R
3 weeks ago
Quite a drop on J. Engel's selling shares
VP Jacqueline F. Engel sold 18,186 shares of NuScale Power stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $29.00, for a total transaction of $527,394.00. Following the completion of the sale, the vice president now owns 3,801 shares of the company's stock, valued at approximately $110,229. The trade was a 82.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC.
https://www.marketbeat.com/instant-alerts/nuscale-power-nysesmr-stock-price-down-55-on-insider-selling-2024-12-03/
8% drop on this news? Dang!
Best of luck with your investments!
H2R
1 month ago
NuScale on White House Announcement
Shares of NuScale Power (NYSE: SMR), a developmental-stage maker of small modular reactors, initially popped this morning on an announcement from the White House on expanding nuclear energy production.
While the stock jumped as much as 13% in morning trading, it gave back those gains amid a broader pullback in small-cap stocks in a sign that the boom from Trump's election was fading.
The new plan from the White House aims to triple nuclear energy production by 2050, and the plan is supportive of small modular reactors (SMRs), which it said have "strong potential for both grid-based and behind-the-meter resilient electricity."
It also name-checked NuScale's VOYGR power modules, and the plan aims to deploy $900 million for new SMR deployments, some of which could go directly to NuScale.
The Trump administration is expected to be favorable to nuclear power, including SMRs like the kind NuScale is focused on building.
https://www.msn.com/en-us/money/topstocks/why-nuscale-power-stock-popped-and-then-dropped-today/ar-AA1tYcKG
Best of luck with your investments!
H2R
1 month ago
Two main takeaways from yesterday's CC
* Proceeding with Fluorβs Phase 2 Front-End Engineering and Design (FEED Phase 2) study for the RoPower Doice?ti small modular reactor (SMR) power plant
* Supply chain partner Doosan Enerbility making progress producing the first NuScale Power Modules™
And still on track for the 77 MWe module approval mid-year. The cash position looks steady.
The start around AI, energy independence, etc., sounded like a sales pitch as opposed to real info, surfing on recent announcements and the election results.
The two slides with some actual substance:
*Slide 6:
RoPower Project Progressing
▪ In 3Qβ24, RoPower authorized the Front-End Engineering and Design Phase 2 (βFEED Phase 2β) project for its
Doice?ti small modular reactor power plant to proceed under contract with Fluor Corporation
▪ NuScale executed revenue-generating agreements with RoPower and Fluor in relation to the advancement of Doice?ti
project FEED Phase 2
▪ FEED Phase 2 work began on September 30th and the expected duration is 12-14 months
▪ RoPower targets 462 MW installed capacity, using six NuScale Power Modules at the former Doice?ti coal plant site
and slide 10 (production here means being produced, not being operated):
The Only U.S. NRC-Approved Small Modular Reactor in Production
Today's market reaction seems to indicate I'm not the only one to be optimistic about NuScale after the CC.
Best of luck with your investments!
Mother Lode
2 months ago
The Fly:
"Bullish option flow detected in Nuscale Power Corp (SMR) with 21,879 calls trading, 3x expected, and implied vol increasing over 1 point to 141.21%. 11/1 weekly 30 calls and 10/25 weekly 20 calls are the most active options, with total volume in those strikes near 6,800 contracts. The Put/Call Ratio is 0.21. Earnings are expected on November 7th.
Going_4_It
2 months ago
Kairos Power, mentioned in the article, is a competitor of NuScale Power.
Kairos is a private company so no shares are available to buy in the market. If it weren't so I would certainly be a shareholder already.
But I do own shares in NuScale Power. IMO, the only other SMR stock play that might be a good investment play longer term is OKLO, Inc. Sam Altman of OpenAI and ChatGPT is heavily involved.
In terms of actually installing a workable SMR, NuScale appear to be at least two years ahead of OKLO. However, I will probably buy some OKLO at some point.
NuScale Power (SMR) shares are just a couple of bucks more expensive than OKLO. So I own NuScale and no OKLO.
All just my opinion...
Going_4_It
3 months ago
CNBC: Small nuclear reactors could power the future β the challenge is building the first one in the U.S.
https://www.cnbc.com/2024/09/07/how-small-modular-reactors-could-expand-nuclear-power-in-the-us.html
Dominion is currently evaluating whether it makes sense to build a small modular reactor at its North Anna nuclear station in Louisa County, Virginia, northwest of Richmond. The utilityβs service area includes the largest data center market in the world in Loudoun County, less than 100 miles north of the plant.
Electricity demand from these computer server warehouses is expected to surge because artificial intelligence consumes more energy. In the case of Dominion, the peak power demand from data centers is forecast to more than double to 6.4 gigawatts by 2030 and quadruple to 13.4 gigawatts in 2038.
Dominion asked SMR technology companies in July to submit proposals evaluating the feasibility of developing a small reactor at North Anna. Carr said interest in the proposal process has been high. The utility is currently working with vendors to make sure they understand Dominionβs needs and to figure out which technology might be suitable, Carr said.
mick
4 months ago
What is an E2 Center?
The Energy Exploration (E2) Center is an innovative learning environment that offers users a hands-on opportunity to apply nuclear science and engineering principles through simulated, real-world nuclear power plant operation scenarios.
https://www.nuscalepower.com/en/products/e2-centers
How the E2 Center Works
Using state-of-the-art computer modeling within a VOYGR™-12 power plant control room simulator, the E2 Center allows users to assume the role of control room operator. Workstation interfaces allow control room operators to:
Input a set of parameters
Run a variety of simulated scenarios
Observe the plantβs response to these inputs
Each workstation is able to view the status of any of the 12 units within the model.
E2 Center Features
Several innovative features incorporated into the E2 Center simulator are unique to our control room design. These features allow users to engage in hands-on learning about human factors engineering, human-system interface design, advanced diagnostics, control room automation, integrated nuclear plant operation, and more.
Hover over (or tap) the icons below to view some of these unique features.
mick
4 months ago
About NuScale Power
NuScale Power (NYSE: SMR) is poised to meet the diverse energy needs of customers across the world. It has developed small modular reactor (SMR) nuclear technology to supply energy for electrical generation, district heating, desalination, commercial-scale hydrogen production, and other process heat applications. The groundbreaking NuScale Power Module™ (NPM), a small, safe pressurized water reactor, can generate 77 megawatts of electricity (MWe) and can be scaled to meet customer needs. NuScaleβs 12-module VOYGR™-12 power plant is capable of generating 924 MWe, and NuScale also offers four-module VOYGR-4 (308 MWe) and six-module VOYGR-6 (462 MWe) power plants, as well as other configurations based on customer needs.
Founded in 2007, NuScale is headquartered in Portland, Ore., and has offices in Corvallis, Ore.; Rockville, Md.; Charlotte, N.C.; Richland, Wash.; and London, UK.
mick
4 months ago
PARTNER $SMR --- About ENTRA1
https://www.nuscalepower.com/en/news/press-releases/2022/nuscale-power-habboush-group-and-entra1-form-strategic-alliance
ENTRA1 is a private investment platform purpose-built to create value by addressing global transformations.
ENTRA1 believes in supporting investments and developments that bring positive impacts to communities
around the world with a focus on global energy, infrastructure and related technology sectors.
As different parts of the world adopt new ways related to energy transition and sustainable infrastructure,
ENTRA1 believes in contributing skillsets in origination, development, structuring, management
and execution of proprietary large-scale global opportunities across the capital structure.
About Habboush Group
HG is an international private asset management firm focused on developing, managing, operating
and financing proprietary opportunities predominantly in energy and infrastructure sectors drawing on
more than 40 years of experience and capabilities in executing projects.
HG, along with its professional team, brings a history of strategically partnering
and working with publicly-traded organizations and financial institutions.