How The U.S. Government's Nuclear Announcements Are Shaping the Industry

Now, switching gears a bit, Steve.

Nuclear energy also getting attention as the US government announced an80 billion dollar partnership which is being called one of the most ambitious plans in US atomic energy in decades.

What impact will this have on the outlook for nuclear energy? >> Yeah, this is, you know, another instance of the government moving past rhetoric and and starting to move to action.

Uh it's a very significant investment where we see uh the US government uh looking to take um you know this $80 billion investment with Westinghouse which is owned by Kamico which is the the largest uranium uh miner in the in the world by market cap and with Brookfield.

Um so this is a joint venture where the US government can not only uh finance and work through the permitting process to bring nuclear reactors uh to the United States uh through the Westinghouse technology uh but it also can convert to an equity stake as there's a profit sharing uh incentive in there as well.

So, not only do taxpayers have a potential benefit from increased nuclear energy capacity, uh the government gets it through energy security, uh but this equity stake or the potential for an equity stake is also in there to limit taxpayer um uh involvement or risk as it relates to some of these stakes.

It's different than what we've seen in the past where we've seen uh you know, the government through various grants just provide funding.

Uh the equity stake is really a move we're starting to