It’s widely accepted that in order for governments and large corporations around the world to reach net-zero carbon emissions, nuclear power must play a significant role in energy generation.
What’s not agreed upon is the path we’ll take to get there…
China approved five new nuclear power projects over the past week. One of those approvals was the first phase of Jiangsu Xuwei. It’s being built by a subsidiary of China National Nuclear Power – which trades on the Shanghai Stock Exchange under the ticker symbol “601985.SS.”
As you can see below, the stock has a great looking chart.
But as China moves ahead with the expansion of its nuclear power industry to supply itself with clean, reliable energy, other countries are moving in the opposite direction…
Germany has spent the last decade-plus shutting down its nuclear power plants. Just last week, it imploded two giant cooling towers at the Grafenrheinfeld nuclear plant, which was taken offline in 2015 after 33 years of service.
Eight more nuclear power plants were taken offline in late 2011 when former Chancellor Angela Merkel panicked following after the Fukushima accident in Japan. She ordered the country to phase out all nuclear power, and nothing has changed since.
The last three nuclear power plants were permanently closed in April 2023 – officially ending a 60-year run of safe and low-emission power for the German residents.
I believe Germany is moving in the wrong direction – especially considering the country also relies on gas from Russia and Ukraine, which have been engaged in a war that currently has no end in sight. It’s an example of politicians pushing a narrative they’re not educated on.
There are currently about 440 nuclear power reactors in the world that provide approximately 9% of the world’s electricity. According to the World Nuclear Association, roughly 30 countries are either considering, planning, or starting nuclear power programs.
Three of those countries – Egypt, Turkey, and Bangladesh – have their first nuclear reactors under construction today. Meanwhile, several Eastern European countries and oil-rich Saudi Arabia have proposed nuclear reactors.
In total, 60 nuclear reactors are under construction and another 110 are planned for the future. It shouldn’t come as a surprise that the majority of those are located in Asia.
I could write about this topic daily because there are so many statistics that back the use of nuclear power to generate energy. The progress that’s happening is moving rapidly. But I don’t want to overload you with information.
Instead, it’s a topic I’ll cover from time to time. And you should expect to see nuclear power related stocks showing up in my investment letters, too. This is a megatrend you can’t afford to miss, and I want to ensure that my subscribers are in position early.
Here’s to the future,
Matt McCallEditor, Market Insights
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