Biden Goes Nuclear

Two months ago, Japan marked the tenth anniversary of the Fukushima Daiichi nuclear disaster.

That meltdown — a result of the plant’s reactor cooling systems failing after it was hit by an earthquake and tsunami — caused only a single fatality.

But it covered the world’s newspapers in headlines about “the worst nuclear disaster since Chernobyl” — and dashed the public’s confidence in nuclear energy for a decade.

Is that reaction rational?

In a word, no. Nuclear energy actually has one of the best safety records of any power source. Even Chernobyl — the worst nuclear disaster in history — was less deadly than many coal mining accidents.

Per kilowatt-hour of electricity generated, it’s the safest form of electricity generation that humanity has ever known.

Now that a decade has passed since Japan’s nuclear scare, the country is getting over its fears — and restarting its reactors.

In fact, it recently restarted a reactor at the Onogawa complex which had been damaged by the 2011 tsunami (and extensively repaired since).

What’s more, Japan isn’t the only advanced economy that is coming back to nuclear power. In fact, the US is leading the charge...
The U.S. Is Building New Reactors For The First Time In Years

Plant Vogtle is a nuclear power plant located on the Georgia-South Carolina border.

Its two pressurized water reactors supply some 2,430 MW of power — but its output is about to get much larger.

As you can see in the photo below, the plant is expanding. It’s adding two additional pressurized water reactors.

They will be America’s first new reactors in nearly a decade.

Upon their completion later this year, Plant Vogtle will become the largest nuclear power plant in the US — and one of the largest in the world.
The Department of Energy, under both Trump and Biden, has also been aggressively funding research into a new reactor design. The Advanced Reactor Demonstration Program pulled $230 million in federal funding last year for a public-private effort to develop two new prototype reactors by 2027.

And the US’s recent nuclear kick doesn’t just involve new reactors, either...
Biden Backs Subsidies To Keep Old Reactors Running

In a recent interview with the Washington Examiner, Energy Secretary Jennifer Granholm noted that the US’s 93 operational nuclear reactors currently supply a majority of the country’s carbon-free electricity.

“We are not going to be able to achieve our climate goals if nuclear power plants shut down. We have to find ways to keep them operating,” she said.

One of those ways is a subsidy program the Biden administration is pushing through Congress. It could seriously improve the financial prospects of nuclear fuel production companies like Cameco (NYSE: CCJ), Uranium Energy (NYSE: UEC) and Ur-Energy (NYSE: UR) in the years ahead.

But as Granholm told the Examiner, we have to explore every possible solution if we’re going to meet this administration’s emission reduction goals and avert the worst effects of climate change.

Part of that means reconsidering energy sources like nuclear.

But part of it also means reconsidering the energy grid itself.

I’ve been recommending a company that could revolutionize the way Americans get their power —  and make it much cleaner and cheaper in the process.

Shares are cheap now, but I don’t expect them to remain that way for long.

Get a look at the profitable future of energy here. 

Call it like you see it, 

Nick Hodge
Editor, Daily Profit Cycle

Nick Hodge is the co-owner and publisher of Daily Profit Cycle and Resource Stock Digest. He's also the founder of Hodge Family Office, the umbrella organization for his three premium services: Foundational ProfitsFamily Office Advantage, and Hodge Family Office . He specializes in private placements and speculations in early stage ventures, and has raised tens of millions of dollars of investment capital for resource, energy, cannabis, and medical technology companies. Co-author of two best-selling investment books, including Energy Investing for Dummies, his insights have been shared on news programs and in magazines and newspapers around the world.

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