Introducing the Future of Nuclear Technology: Small Modular Reactors for Tech Giants
At Extreme Investor Network, we are constantly on the lookout for the latest trends and developments in the world of investing. One area that has caught our attention recently is the emergence of small modular reactors (SMRs) as a viable solution for meeting the growing demand for electricity from tech companies powering artificial intelligence.
Tech giants like Amazon and Google, subsidiaries of Alphabet, are leading the charge in investing in SMRs. Amazon has committed over $500 million to the development of advanced reactors, while Google has agreed to purchase power from Kairos, a developer of small modular reactors. This newfound interest from big tech companies is transforming the SMR landscape, making it more attractive for investors.
According to Morgan Stanley analyst Andrew Percoco, the market for SMRs could see significant growth, with potential demand from tech companies driving the installation of between 6 and 17 reactors by 2035. This presents a unique opportunity for investors looking to capitalize on this emerging trend.
While options for investing in SMRs are currently limited, companies like NuScale and Oklo offer pure-play exposure to the advanced reactor space. NuScale, with a market value of $4.7 billion, has seen a 54% increase in stock value in the past month, while Oklo, valued at $2.5 billion, has more than doubled. These companies are at the forefront of the SMR industry, with plans to deploy reactors in the coming years.
GE Vernova, a subsidiary of General Electric, also offers exposure to SMRs through its BWRX-300 small modular reactor project. With construction set to begin in Ontario next year, GE Vernova is poised to become a key player in the SMR market in the coming decade.
At Extreme Investor Network, we believe that small modular reactors have the potential to revolutionize the energy industry, and we are committed to keeping our readers informed about the latest developments in this exciting space. Stay tuned for more updates on SMRs and other cutting-edge investment opportunities.