{"id":40124,"date":"2023-07-25T06:15:38","date_gmt":"2023-07-25T10:15:38","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/opinion-oppenheimer-gives-stock-investors-another-reason-to-be-bullish-about-nuclear-energy\/"},"modified":"2023-07-25T06:15:40","modified_gmt":"2023-07-25T10:15:40","slug":"opinion-oppenheimer-gives-stock-investors-another-reason-to-be-bullish-about-nuclear-energy","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=40124","title":{"rendered":"Opinion: \u2018Oppenheimer\u2019 gives stock investors another reason to be bullish about nuclear energy"},"content":{"rendered":"
\n

One of the hottest movies of the summer is the staggeringly good biopic \u201cOppenheimer,\u201d about the man who oversaw the frantic race to develop the atomic bomb during World War II.\u00a0<\/p>\n

The atom bomb dropped on Hiroshima, Japan on Aug 6, 1945 was a fission-style device. This also happens to be the same basic physics behind nuclear reactors that are in use today. It\u2019s a reminder that technology can be, at its essence, agnostic: Whether it is used for malevolent or benevolent purposes (in nuclear fission\u2019s instance, an instrument of death or clean, carbon-free electricity) depends upon the intent of the user.\u00a0<\/p>\n

\n

Fission reactors generate about 10% of the world\u2019s electricity today.\u00a0The United States gets even more of its electricity this way,\u00a0about a fifth.<\/p>\n

These percentages are likely to rise as global demand for electricity \u2014 and concerns about global warming and climate change \u2014 rise. This will present opportunities for long-term oriented investors. The lion\u2019s share of this demand \u2014 about 70%, says the Paris-based International Energy Agency (IEA), will come from India, which the United Nations says is now the world\u2019s most populous country, China, and Southeast Asia. Put another way, \u201cthe world\u2019s growing demand for electricity is set to accelerate, adding more than double Japan\u2019s current electricity consumption over the next three years,\u201d says Fatih Birol, the IEA\u2019s executive director.<\/p>\n

While fossil fuels remain the dominant source of electricity generation worldwide \u2014 the Central Intelligence Agency estimates that it provides about 70% of America\u2019s electricity, 71% of India\u2019s and 62% of China\u2019s, for example\u2014the IEA report says future demand will be met almost exclusively from two sources: renewables and nuclear power. \u201cWe are close to a tipping point for power sector emissions,\u201d the IEA says. \u201cGovernments now need to enable low-emissions sources to grow even faster and drive down emissions so that the world can ensure secure electricity supplies while reaching climate goals.\u201d<\/p>\n

<\/p>\n
\n

\n \u201c<\/span> The Biden administration is a big booster of nuclear energy. \u201d<\/span>\n <\/p>\n<\/p><\/div>\n<\/p><\/div>\n

It\u2019s helpful that the Biden administration is a big booster of nuclear energy, which the White House sees as an integral part of its broader effort to move the U.S. economy away from fossil fuels. The Department of Energy says that the country\u2019s 93 reactors generate more than half of America\u2019s carbon-free electricity. But price pressures from wind, solar and\u00a0natural gas (which the feds call \u201crelatively clean\u201d\u00a0even though it emits about 60% of coal\u2019s carbon levels) have putseveral reactors out of business in recent years.\u00a0<\/p>\n

The bipartisan infrastructure bill that Biden signed into law in November 2021 includes $6 billion, spread out over several years, for the so-called\u00a0Civil Nuclear Credit Program, designed to keep reactors \u2014 and the high-paying jobs that come with them \u2014 running. If a plant were to close, it would \u201cresult in an increase in air pollutants because other types of power plants with higher air pollutants typically fill the void left by nuclear facilities,\u201d the administration says. U.S. Energy Secretary Jennifer Granholm has said the Biden administration is \u201cusing every tool available\u201d to get the country powered by clean energy by 2035.<\/p>\n

The private sector is beginning to stir. Last week, Maryland-based X-Energy said it\u00a0would build up to 12 reactors\u00a0in Central Washington state, for Energy Northwest, a public utility. These wouldn\u2019t be the behemoth-type reactors we\u2019re used to seeing, but \u201cadvanced small, nuclear reactors.\u201d X-Energy, which is privately held,\u00a0\u00a0has also been selected by Dow
\n DOW,
\n -0.94%<\/bg-quote>
\n to construct a similar facility in Texas.\u00a0\u00a0<\/p>\n

Other companies are also rolling out new technology to meet demand. Nuclear fusion \u2014 a breakthrough in that it creates more energy than the Oppenheimer-era fission model and at a lower cost \u2014 is likely to be the basis for reactors in the years ahead; the Washington, D.C.-based Fusion Industry Association thinks the\u00a0first fusion power plant\u00a0could come online by 2030. After seven rounds of funding, one fusion company, Seattle-based Helion Energy, is currently valued at around $3.6 billion, and appears headed for a public offering.\u00a0\u00a0 \u00a0<\/p>\n

Here too, the Biden administration is getting involved. In May, the Department of Energy announced $46 million in\u00a0funding for eight other fusion companies.\u00a0\u201cWe have generated energy by drawing power from the sun above us. Fusion offers the potential to create the power of the sun right here on Earth,\u201d\u00a0says Granholm.\u00a0\u00a0<\/p>\n

There are several opportunities here for long-term investors. You can pick your way through any number of publicly held companies, including more traditional utilities, or spread your bet across the industry through a handful of exchange-traded funds.\u00a0The largest of these is the\u00a0Global X Uranium Fund
\n URA,
\n +0.69%<\/bg-quote>,<\/span>
\n with about $1.6 billion in assets. It\u2019s up about 9% year-to-date. The\u00a0VanEck Uranium + Nuclear Energy Fund
\n NLR,
\n +0.25%<\/bg-quote>
\n \u00a0is up almost 10% and sports a 1.8% dividend yield.\u00a0These are respectable year-t0-date returns, even though they lag the S&P 500
\n SPX,
\n +0.40%<\/bg-quote>
\n (up close to 19%) by a wide margin.\u00a0<\/p>\n

More: <\/strong>Net-zero by 2050: Will it be costly to decarbonize the global economy?<\/p>\n

Also read: <\/strong>Fukushima\u2019s disaster led to a \u201clost decade\u201d for nuclear markets. Russia, low carbon goals help stage a comeback.<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

One of the hottest movies of the summer is the staggeringly good biopic \u201cOppenheimer,\u201d about the man who oversaw the frantic race to develop the atomic bomb during World War II.\u00a0 The atom bomb dropped on Hiroshima, Japan on Aug 6, 1945 was a fission-style device. This also happens to be the same basic physics […]<\/p>\n","protected":false},"author":1,"featured_media":40125,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-40124","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nOpinion: \u2018Oppenheimer\u2019 gives stock investors another reason to be bullish about nuclear energy | iFintechWorld<\/title>\n<meta name=\"description\" content=\"One of the hottest movies of the summer is the staggeringly good biopic \u201cOppenheimer,\u201d about the man who oversaw the frantic race to develop the atomic\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=40124\" \/>\n<meta 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