For me, I think there's really three buckets you can look at to invest in nuclear power.

It's folks who own and operate existing nuclear sites.

Think about these as the utility companies we talked about earlier.

You can have folks who are playing in the supply chain, so whether that's, you know, folks like

BWX technology and make fuel components, that sort of thing, or the uranium producers, which is an

interesting segment of the market where there's potential kind of crunch there, or you can look

at folks who are developing reactors. And if it's me, I'm really looking in those first two buckets,

folks that have operating businesses today that have been doing this for quite a long time.

I'm Mary Long, and that's Nick Seiple, an analyst for our full Canada service and an energy

industry watcher.

As we close out the year, we're sitting down with a number of analysts to look back on key

industries to review what's happened and what might be coming in 2025.

To kick us off, my colleague, Ricky Mulvey, caught up with Nick to look at the energy sector.

They talk about AI's insatiable need for power, how the U.S. has gotten better at getting oil

out of the ground, growing interest in small nuclear reactors, why investors have soured on

renewable stocks, and some other stories that Nick's keeping an eye on in the year to come.

As we wrap up the year, we're looking back on some industries on the show.

And for energy, one of the industries that has dominated the S&P top performing stocks of the year,

even though you may not have heard about it as much, we're bringing in Nick Se Cyple to talk about it. Nick, what are your top energy headlines for 2024?

Thanks, Ricky. Great to be here. I'd say really that the big energy headline this year is the headlines that dominated everything this year is AI. And how is that related to energy

at all? It's really, this is the year energy demand or expectations around electricity demand really went straight vertical.

I think a lot of folks don't realize energy consumption in the U.S. hasn't really increased that much in the past 20 years, up about 5% since 2005.

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