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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 368.31

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Nov 7 4:00 PM EST

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To: TobagoJack who wrote (206266)	6/20/2024 7:24:36 AM
From: Julius Wong	1 Recommendation Recommended By Pogeu Mahone of 217638

NuScale Power surges after DoE offers $900M to develop small modular reactors Jun. 18, 2024 2:07 PM ET By: Carl Surran, SA News Editor vchal/iStock via Getty Images NuScale Power (NYSE: SMR) +10.2% in Tuesday's trading and up 14% in two days after the U.S. Department of Energy said it would fund up to $900M to aid in the deployment of small modular nuclear reactors. The DoE said it will provide as much as $800M of the funding for "up to two first-mover teams" of utilities, developers, and end-users committed to deploying a first plant with SMRs, with the other $100M intended to support design, licensing, supplier development, and site preparation. The department said it expects to announce an official solicitation and open up applications for the funding in late summer or fall this year. DoE estimates the U.S. will need 700-900 GW of "additional clean, firm capacity to reach net-zero emissions by 2050, [thus] establishing a committed orderbook of reactors in the near-term is critical to accelerating technology learning and reducing deployment costs." seekingalpha.com

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