Nuclear-related investments beyond uranium look set to flood the market

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 70 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 31%
  • Publisher: 92%

United States News News

United States United States Latest News,United States United States Headlines

Many advanced fission companies are expected to follow in the footsteps of NuScale Power, which recently went public, in the coming years

. Get exclusive investment industry news and insights, the week’s top headlines, and what you and your clients need to know.

Right now, Mr. Geringer says the largest players in nuclear construction, maintenance and waste disposal are either privately held – such as Jupiter, Fla.-based Holtec International – or they ‘e part of large, diversified multinationals such as Bechtel Corp., Fluor Corp.Irving, Tex.-based Fluor Corp. took NuScale Power Corp.public in May on the New York Stock Exchange via a special purpose acquisition company. Corvallis, Ore.

One of those companies is Sunnyvale, Calif.-based Oklo Inc. While the company’s also privately held, co-founder and chief operating officer, Caroline Cochran, says new opportunities for public investors to invest in SMRs generally will arrive a lot faster in the next few years. to launch a venture capital fund dedicated to the advanced nuclear space. NuScale, he says, “paved the way [for] a whole fleet of really interesting developers and service and support companies that will help this industry scale.”“I would caution folks not to think of this as a 2040 story because you’re going to see significant scaling of these technologies in the 2030s and you’re going to see order books placed for them in the mid-2020s,” he says.

“For the vast majority of all nuclear fuel produced in the world, uranium is put inside zirconium tubes,” he says. There are several publicly-traded mining companies with zirconium production around the world.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

New women-run ETFs hit the market to highlight their strength as money managersInflows for women-focused ETFs have been relatively flat this year due in part to competition from other sustainability investments on the market, says an analyst globeinvestor great timing
Source: globeandmail - 🏆 5. / 92 Read more »