Interest in advanced nuclear developers in the US is accelerating as data center demand grows, but the nascent sector's next steps hinge on reactor technologies, hyperscaler capital plans and policy support. 🔌💡 www.spglobal.com/market-intel...

Investments by private equity and venture capital are pouring into advanced nuclear technologies, financial executives said at the Atlantic Council Nuclear Energy Policy Summit, though challenges to carrying out these projects persist. 🔌💡 www.spglobal.com/market-intel...

The US Energy Department expects data center demand to account for 7% to 12% of the nation's electricity by 2028. If nuclear power is to grow to meet that demand, developers will need to use iterative designs and secure large-scale financing, experts say. 🔌💡 www.spglobal.com/market-intel...

ICYMI: Duke Energy is delaying some renewable additions such as solar and wind while boosting gas-fired assets and weighing a possible large-scale nuclear reactor, according to its latest Carolinas Resource Plan. 🔌💡 www.spglobal.com/market-intel...

Investors are closely watching data center demand growth and how power providers are rising to meet it, though hyperscalers' need for speed may outstrip many options, panelists at the S&P Global Data Center and Energy Innovation Summit in DC said this week. 🔌💡 www.spglobal.com/market-intel...

New: Interest in advanced nuclear developers in the US is accelerating as data center demand grows, but the nascent sector's next steps hinge on reactor technologies, hyperscaler and policy support. 🔌💡 www.spglobal.com/market-intel...

New: TVA has had 272 more nuclear outage days so far than by this same point last FY, driving up fuel & purchased power costs and leading the federal power authority to lean on fossil fuels. 🔌💡 www.spglobal.com/market-intel...

Happening now: House Oversight subcommittee hearing, "The New Atomic Age: Advancing America's Energy Future." 🔌💡 www.youtube.com/watch?v=b7Oy...

Republican leadership in the North Carolina legislature will look to overturn several of Gov. Josh Stein's vetoes next week, including broad energy legislation. 🔌💡 www.spglobal.com/market-intel...

South Carolina public utility Santee Cooper has narrowed the list of candidates to restart its abandoned nuclear units at the V.C. Summer plant. 🔌💡 www.spglobal.com/market-intel...

The US Nuclear Regulatory Commission has accepted the TVA's construction permit application to build what could be the first utility-scale small modular nuclear reactor in the country. 🔌💡 www.spglobal.com/market-intel...

ICYMI: A nominee to the US Nuclear Regulatory Commission told senators that a member of DOGE has been assigned to the agency to oversee President Donald Trump's reform efforts at the independent agency. 🔌💡 www.spglobal.com/market-intel...

ICYMI: NY Gov. Kathy Hochul directed the NYPA to develop and construct an advanced nuclear plant to improve state grid reliability. It could be the first new nuclear facility in the state in decades. 🔌💡 www.spglobal.com/market-intel...

ICYMI: A Texas company co-founded by former US Energy Sec Rick Perry plans to build the "world's largest" advanced energy and AI campus, featuring four 1-GW nuclear reactors, gas generation and solar. 🔌💡 www.spglobal.com/market-intel...

Google has signed an agreement to purchase 200 MW from Commonwealth Fusion System's planned nuclear fusion power plant in Virginia, and is deepening its stake in the company. 🔌💡 www.spglobal.com/market-intel...

The US Energy Dept issued an emergency order to allow Duke Energy's Carolinas subsidiary to operate some power plants beyond permitted emissions limits to reduce the risk of outages during a heat wave across the Southeast this week. 🔌💡 www.spglobal.com/market-intel...

Clean energy trade groups and developers remain optimistic the Senate will soften House Republicans' aggressive phaseout approach to the Inflation Reduction Act's green energy tax incentives. Meanwhile, major careveouts for nuclear incentives. 🔌💡 www.spglobal.com/market-intel...

US Energy Secretary Chris Wright urged the nuclear power industry to shift gears, become more aggressive and position the technology as a solution to accelerating electricity demand at NEI's policy forum this week. 🔌💡 www.spglobal.com/market-intel...

The Tennessee Valley Authority submitted a construction permit application for a small modular nuclear reactor to the US NRC for what could be the first utility-scale SMR in the US. TVA's application is for the GE-Hitachi BWRX-300 design. 🔌💡 www.spglobal.com/market-intel...

The House Ways and Means Committee's budget reconciliation bill puts tax credits and other key benefits for nuclear power into question at a pivotal moment for the industry, nuclear advocates, developers and operators said. 🔌💡 www.spglobal.com/market-intel...

Advanced nuclear developer NuScale Power Corp. expects a "firm customer order" for its SMR technology in 2025. "I just want to get one hard contract right now," President and CEO John Hopkins said. "One, to showcase to the world." 🔌💡 www.spglobal.com/market-intel...

Energy industry experts and finance executives are skeptical about new-build nuclear despite renewed interest in nuclear generation from utilities and large-load customers looking to build datacenters. 🔌💡 www.spglobal.com/market-intel...

Market volatility and policy swings driven by the Trump administration could chill power project financing, planning and execution, experts and industry participants said at the recent S&P Global Power Markets Conference. 🔌💡 www.spglobal.com/market-intel...

US utilities operated the largest commercial nuclear generation fleet in the world in 2024, with 94 nuclear reactors and a total capacity of nearly 97 GW. 🔌💡 www.spglobal.com/market-intel...

US senators from Tennessee Marsha Blackburn and Bill Hagerty urged the TVA to accelerate its small modular nuclear reactor project while criticizing the TVA board for slowing the project with "studies and hurdles that will bog it down." 🔌💡 www.spglobal.com/market-intel...

DOE has confirmed the $900M in funding for small modular reactors is available despite earlier uncertainty following federal funding freezes. A group led by TVA (including Duke and AEP) will reapply for $800M of those funds. 🔌💡 www.spglobal.com/market-intel...

Speaking of nuclear, at CERAWeek, a group of major tech and energy companies, banks, financial institutions and 31 countries pledged to support a goal of at least tripling global nuclear capacity by 2050. 🔌💡 www.spglobal.com/market-intel...

Worth noting on this one that NC utility regulators had already essentially given Duke the green light to stop modeling for the 30% carbon reduction by 2030 goal after the utility argued it wasn't a reasonable expectation.

Meanwhile, SC lawmakers are again taking up sweeping energy legislation after an earlier version died in committee last year to address what state leaders have repeatedly called an "energy crisis." This one also aims to boost nuclear power development. www.spglobal.com/market-intel... 🔌💡

NC lawmakers are quickly advancing a bill to overhaul 2021 energy legislation, including a mandate to cut carbon emissions 30% by 2030 and provide utilities like Duke flexibility to recover costs of ongoing construction projects such as nuclear plants. www.spglobal.com/market-intel... 🔌💡

Holtec has signed an agreement with an engineering and construction firm to build a fleet of small modular nuclear reactors, beginning with two units at its Palisades plant in Michigan. 🔌💡 www.spglobal.com/market-intel...

DOE Sec should work to advance TVA's small modular nuclear reactor project and partner with private high-temp reactor consortiums if he wants to help expand nuclear generation, according to a new @columbiaigp.bsky.social report. 🔌💡 www.spglobal.com/market-intel...

ICYMI: Entergy CEO said the utility is looking at "all forms of new nuclear" including the AP1000 to meet growing energy demand. 🔌💡 www.spglobal.com/market-intel...

The US power system has an avg utilization rate of 53%, meaning that at any given time, half of our generation & transmission infrastructure is typically unused. 🔌💡

Nuclear power will see a significant resurgence in 2025 as energy demands grow globally, but challenges remain to its expansion, according to @iea.org Executive Director Fatih Birol. 🔌💡 www.spglobal.com/market-intel...

ICYMI: Tennessee Gov. Bill Lee proposed $72M for nuclear initiatives and is advocating for TVA's SMR project at Clinch River. 🔌💡 www.spglobal.com/market-intel...

The US power system could accommodate as much as 100 GW of additional load without major capacity/transmission expansion through "load flexibility," or short-duration load curtailment by large customers, according to a @duke-university.bsky.social study. 🔌💡 www.spglobal.com/market-intel...

www.spglobal.com/market-intel... an important read from @abbiebennett.bsky.social

Florida regulators approved nearly $1.5B in initial storm recovery costs for Tampa Electric and Duke Energy Florida for costs incurred after 2023 and 2024 hurricanes, including Helene and Milton. 🔌💡 www.spglobal.com/market-intel...

Federal power provider Tennessee Valley Authority is in the final stages of a license and construction permit application it plans to submit this year to the NRC to build what could be the first utility-scale small modular reactor in the US.🔌💡 www.spglobal.com/market-intel...

Georgia Power proposed power uprates totaling 54 MW for units 1 and 2 of its Vogtle nuclear plant and 58 MW for its Hatch nuclear plant, along with other additions to meet booming demand growth in the state. 🔌💡 www.spglobal.com/market-intel...

South Carolina Gov. McMaster said restarting construction on two partially built reactors at the abandoned V.C. Summer nuclear plant expansion will help meet growing demand for electricity in the state and revitalize nuclear power nationwide. 🔌💡 www.spglobal.com/market-intel...

New: NextEra Energy is taking initial steps to recommission the Duane Arnold nuclear plant in Iowa to help meet growing power demand. The plant was shut down in 2020 after being damaged in a storm a few months before its planned retirement. 🔌💡 www.spglobal.com/marketintell...

“It’s concerning how many people rely on an app for most or all of their news consumption when random content creators aren’t reporters; they’re floating heads over a green screen misinterpreting stories written by actual journalists, if they’re bothering to cite original reporting at all.” 🎯🎯🎯

TVA, Bechtel partner on initial planning for a small modular nuclear reactor in Tennessee that could be the nation's first utility-scale SMR. 🔌💡 www.spglobal.com/marketintell...

Welcome home, baby Aslan 🧿💙 #adoptdontshop

SC utility Santee Cooper is seeking proposals to acquire and complete construction of two abandoned nuclear reactors at the V.C. Summer plant. 🔌💡 www.spglobal.com/marketintell...

Bill Gates-backed TerraPower plans to collaborate with Sabey Data Centers to deploy TerraPower's advanced reactor design in the Rocky Mountain region and Texas to meet SDC's power needs. 🔌💡 www.spglobal.com/marketintell...

ICYMI last week, Duke Energy, TVA and AEP are partnering to pursue DOE grant funds for small modular nuclear reactor development, particularly the BWRX-300 design. www.spglobal.com/marketintell... 🔌💡