CryptoCurrency
Bill Gates Is Pouring Billions Into Nuclear Power. Is This the Best Nuclear Stock to Buy Now?
All of a sudden, nuclear energy is trendy.
In the last month, three big tech companies, Microsoft, Alphabet, and Amazon, have all signed deals for nuclear energy. That’s not a coincidence. The AI race is forcing the tech giants to reckon with how to power the massive data centers they’re building to run AI applications like ChatGPT.
In fact, the biggest constraint in AI may not be the technology itself, but a source of cheap and available energy, and that’s why the world’s most valuable companies are turning to nuclear, a seemingly forgotten source of energy.
Among the backers of this re-emerging technology is Bill Gates, the Microsoft co-founder who has become an investor and philanthropist in a wide range of areas. Gates has invested more than $1 billion in TerraPower, a privately held start-up that is building small nuclear reactors. The billionaire sees nuclear energy as necessary for bridging the gap in renewable energy and told The New York Times, “If you care about climate, there are many, many locations around the world where nuclear has got to work.” He also said he’s not involved in TerraPower to make money, but “because we need to build a lot of these reactors.”
Since TerraPower is privately held, you can’t invest in it, but there’s a similar stock that you can buy. That’s NuScale Power (NYSE: SMR), and the stock is up more than 400% this year as it’s riding the wave of enthusiasm for nuclear power.
NuScale was founded in 2007 and is focused on developing small, modular reactors. Its core technology, the NuScale Power Module (NPM) can generate 77 megawatts-electrical (MWe).
It’s developing the VOYGR power plant that can include as many as 12 NPMs. NuScale’s technology offers an advantage over renewable alternatives like wind and solar because it generates an equivalent amount of power in a much smaller space, making a more efficient use of land.
NuScale is also the only small modular reactor (SMR) company to have received a standard design approval (SDA) from the U.S. Nuclear Regulatory Commission.
NuScale also benefits from a close relationship with Fluor, a top engineering, procurement, and construction company that is the majority shareholder in NuScale Power.
The company has yet to generate any material revenue today as it has not yet sold any NPMs, though it’s made some negligible service revenue. NuScale faced a setback in 2023 when it canceled a project in Idaho that was expected to build momentum for new nuclear projects. The project was plagued by cost overruns and a lack of sufficient electricity buyers to make the project viable.
As institutional interest in Bitcoin soars, the crypto community grapples with fundamental questions about custody and control.
Developing crypto regulations, along with a political shift toward cryptocurrencies, is a “very positive direction” for the industry, according to Changpeng Zhao.
With the US presidential elections nearing and no clear frontrunner, uncertainty looms over what effect the victor will have on the crypto sector.
It’s Bitcoin White Paper Day, but it’s also Halloween. Here are Cointelegraph’s six crypto mysteries to share around the campfire.
Bitget Wallet’s Telegram Mini App, Bitget Wallet Lite mini, has attracted more than six million users in just three days after its soft launch.
In just 16 years, Bitcoin has grown to become the world’s 10th largest asset and the best currency for “financial freedom,” according to Tether CEO, Paolo Ardoino.
-
Science & Environment2 months agoHow to unsnarl a tangle of threads, according to physics
-
Technology1 month agoIs sharing your smartphone PIN part of a healthy relationship?
-
Science & Environment2 months agoHyperelastic gel is one of the stretchiest materials known to science
-
Science & Environment2 months ago‘Running of the bulls’ festival crowds move like charged particles
-
Technology2 months agoWould-be reality TV contestants ‘not looking real’
-
Science & Environment1 month agoX-rays reveal half-billion-year-old insect ancestor
-
Science & Environment2 months agoMaxwell’s demon charges quantum batteries inside of a quantum computer
-
Money1 month agoWetherspoons issues update on closures – see the full list of five still at risk and 26 gone for good
-
Sport1 month agoAaron Ramsdale: Southampton goalkeeper left Arsenal for more game time
-
Science & Environment2 months agoSunlight-trapping device can generate temperatures over 1000°C
-
Science & Environment2 months agoPhysicists have worked out how to melt any material
-
MMA1 month ago‘Dirt decision’: Conor McGregor, pros react to Jose Aldo’s razor-thin loss at UFC 307
-
Technology1 month agoGmail gets redesigned summary cards with more data & features
-
News1 month agoWoman who died of cancer ‘was misdiagnosed on phone call with GP’
-
Football1 month agoRangers & Celtic ready for first SWPL derby showdown
-
Technology1 month agoUkraine is using AI to manage the removal of Russian landmines
-
Science & Environment2 months agoLaser helps turn an electron into a coil of mass and charge
-
Business1 month ago
how UniCredit built its Commerzbank stake
-
Sport1 month agoBoxing: World champion Nick Ball set for Liverpool homecoming against Ronny Rios
-
Technology1 month agoEpic Games CEO Tim Sweeney renews blast at ‘gatekeeper’ platform owners
-
News1 month ago‘Blacks for Trump’ and Pennsylvania progressives play for undecided voters
-
Science & Environment2 months agoA new kind of experiment at the Large Hadron Collider could unravel quantum reality
-
Science & Environment2 months agoLiquid crystals could improve quantum communication devices
-
Technology1 month agoRussia is building ground-based kamikaze robots out of old hoverboards
-
Technology1 month agoSamsung Passkeys will work with Samsung’s smart home devices
-
Science & Environment2 months agoQuantum ‘supersolid’ matter stirred using magnets
-
MMA1 month agoDana White’s Contender Series 74 recap, analysis, winner grades
-
Entertainment1 month agoBruce Springsteen endorses Harris, calls Trump “most dangerous candidate for president in my lifetime”
-
Science & Environment2 months agoWhy this is a golden age for life to thrive across the universe
-
Technology1 month agoMicrosoft just dropped Drasi, and it could change how we handle big data
-
News1 month agoNavigating the News Void: Opportunities for Revitalization
-
MMA1 month ago‘Uncrowned queen’ Kayla Harrison tastes blood, wants UFC title run
-
Sport1 month ago2024 ICC Women’s T20 World Cup: Pakistan beat Sri Lanka
-
MMA1 month agoPereira vs. Rountree prediction: Champ chases legend status
-
News1 month agoMassive blasts in Beirut after renewed Israeli air strikes
-
Technology1 month agoCheck, Remote, and Gusto discuss the future of work at Disrupt 2024
-
News1 month agoRwanda restricts funeral sizes following outbreak
-
Business1 month ago
Top shale boss says US ‘unusually vulnerable’ to Middle East oil shock
-
TV1 month agoসারাদেশে দিনব্যাপী বৃষ্টির পূর্বাভাস; সমুদ্রবন্দরে ৩ নম্বর সংকেত | Weather Today | Jamuna TV
-
Technology1 month agoMicrophone made of atom-thick graphene could be used in smartphones
-
Science & Environment2 months agoQuantum forces used to automatically assemble tiny device
-
Technology1 month agoWhy Machines Learn: A clever primer makes sense of what makes AI possible
-
Business1 month agoWater companies ‘failing to address customers’ concerns’
-
News1 month agoCornell is about to deport a student over Palestine activism
-
Business1 month agoWhen to tip and when not to tip
-
Sport1 month agoWXV1: Canada 21-8 Ireland – Hosts make it two wins from two
-
News1 month agoHull KR 10-8 Warrington Wolves – Robins reach first Super League Grand Final
-
Science & Environment2 months agoITER: Is the world’s biggest fusion experiment dead after new delay to 2035?
-
Science & Environment2 months agoA slight curve helps rocks make the biggest splash
-
News2 months ago▶️ Hamas in the West Bank: Rising Support and Deadly Attacks You Might Not Know About
-
Technology2 months agoMeta has a major opportunity to win the AI hardware race
-
Technology1 month agoSingleStore’s BryteFlow acquisition targets data integration
-
MMA1 month agoKayla Harrison gets involved in nasty war of words with Julianna Pena and Ketlen Vieira
-
Football1 month ago'Rangers outclassed and outplayed as Hearts stop rot'
-
Science & Environment2 months agoNuclear fusion experiment overcomes two key operating hurdles
-
Sport1 month agoChina Open: Carlos Alcaraz recovers to beat Jannik Sinner in dramatic final
-
Football1 month agoWhy does Prince William support Aston Villa?
-
MMA1 month agoPennington vs. Peña pick: Can ex-champ recapture title?
-
Sport1 month agoPremiership Women’s Rugby: Exeter Chiefs boss unhappy with WXV clash
-
Technology1 month agoLG C4 OLED smart TVs hit record-low prices ahead of Prime Day
-
News1 month ago▶ Hamas Spent $1B on Tunnels Instead of Investing in a Future for Gaza’s People
-
Sport1 month agoShanghai Masters: Jannik Sinner and Carlos Alcaraz win openers
-
Technology1 month agoMusk faces SEC questions over X takeover
-
Sport1 month agoCoco Gauff stages superb comeback to reach China Open final
-
Womens Workouts1 month ago3 Day Full Body Women’s Dumbbell Only Workout
-
Technology1 month agoUniversity examiners fail to spot ChatGPT answers in real-world test
-
Business1 month ago
Bank of England warns of ‘future stress’ from hedge fund bets against US Treasuries
-
Sport1 month agoSturm Graz: How Austrians ended Red Bull’s title dominance
-
MMA1 month ago‘I was fighting on automatic pilot’ at UFC 306
-
Money4 weeks agoTiny clue on edge of £1 coin that makes it worth 2500 times its face value – do you have one lurking in your change?
-
Travel1 month ago
World of Hyatt welcomes iconic lifestyle brand in latest partnership
-
News1 month agoGerman Car Company Declares Bankruptcy – 200 Employees Lose Their Jobs
-
Sport1 month agoWales fall to second loss of WXV against Italy
-
Science & Environment2 months agoTime travel sci-fi novel is a rip-roaringly good thought experiment
-
Science & Environment2 months agoNerve fibres in the brain could generate quantum entanglement
-
Business1 month ago
DoJ accuses Donald Trump of ‘private criminal effort’ to overturn 2020 election
-
Business1 month ago
Sterling slides after Bailey says BoE could be ‘a bit more aggressive’ on rates
-
TV1 month agoTV Patrol Express September 26, 2024
-
Technology1 month agoAmazon’s Ring just doubled the price of its alarm monitoring service for grandfathered customers
-
Technology1 month agoQuoroom acquires Investory to scale up its capital-raising platform for startups
-
MMA1 month agoKetlen Vieira vs. Kayla Harrison pick, start time, odds: UFC 307
-
Technology1 month agoThe best shows on Max (formerly HBO Max) right now
-
Technology1 month agoIf you’ve ever considered smart glasses, this Amazon deal is for you
-
Sport1 month agoURC: Munster 23-0 Ospreys – hosts enjoy second win of season
-
Science & Environment2 months agoHow to wrap your mind around the real multiverse
-
News2 months ago▶️ Media Bias: How They Spin Attack on Hezbollah and Ignore the Reality
-
MMA1 month agoHow to watch Salt Lake City title fights, lineup, odds, more
-
Technology1 month agoJ.B. Hunt and UP.Labs launch venture lab to build logistics startups
-
Business1 month ago
Italy seeks to raise more windfall taxes from companies
-
Business1 month ago
‘Let’s be more normal’ — and rival Tory strategies
-
Business1 month ago
The search for Japan’s ‘lost’ art
-
MMA1 month agoKevin Holland suffers injury vs. Roman Dolidze
-
Sport1 month agoNew Zealand v England in WXV: Black Ferns not ‘invincible’ before game
-
Sport1 month agoMan City ask for Premier League season to be DELAYED as Pep Guardiola escalates fixture pile-up row
-
MMA1 month agoUFC 307’s Ketlen Vieira says Kayla Harrison ‘has not proven herself’
-
News1 month agoTrump returns to Pennsylvania for rally at site of assassination attempt
-
Technology4 weeks agoThe FBI secretly created an Ethereum token to investigate crypto fraud
-
Business1 month agoStocks Tumble in Japan After Party’s Election of New Prime Minister
-
Technology1 month agoTexas is suing TikTok for allegedly violating its new child privacy law
-
Technology1 month agoOpenAI secured more billions, but there’s still capital left for other startups
You must be logged in to post a comment Login