Should You Invest in Nuclear Energy?

Money For the Rest of Us

J. David Stein

Economy, Economics, Investing Podcast, Business, Investing

4.3 • 1.3K Ratings

🗓️ 20 November 2024

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Why has there been renewed interest in nuclear power generation in the last couple of years, and how can we invest in it?

Topics covered include:

Why did Microsoft sign an agreement to reopen a nuclear reactor at the infamous Three Mile Island nuclear facility
How much does nuclear energy contribute to global power generation
Why is demand for electricity accelerating
What are the advantages and challenges with nuclear energy
What investment vehicles individuals can use to invest in nuclear energy

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Show Notes

Microsoft in deal for Three Mile Island nuclear power to meet AI demand by Myles McCormick and Jamie Smyth—The Financial Times

Nuclear Power Was Once Shunned at Climate Talks. Now, It’s a Rising Star. by Brad Plumer—The New York Times

Inside Diablo Canyon Nuclear Power Plant | BG2 w/ Bill Gurley & Brad Gerstner—YouTube

Q&A - Germany’s nuclear exit: One year after—Clean Energy Wire

Fukushima Daiichi Accident—World Nuclear Association

Chernobyl Accident 1986—World Nuclear Association

Nuclear Energy in a Low-Carbon Energy Future—NEI

Electricity Mid-Year Update - July 2024—IEA

What is U.S. electricity generation by energy source?—U.S. Energy Information Administration

How old are U.S. nuclear power plants, and when was the newest one built?—U.S. Energy Information Administration

Global price of Uranium—FRED

Investments Mentioned

Pelican Energy Partners

Sprott Physical Uranium Trust Performance (SRUUF)

GlobalX Uranium ETF (URA)

VanEck Uranium and Nuclear ETF (NLR)

Sprott Uranium Miners ETF (URNM)

Sprott Junior Uranium Miners ETF (URNJ)

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Transcript

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0:00.0	Hi, this is David Stein. I wanted to let you know we'll not be releasing an episode next week, Wednesday, November 27th because of the Thanksgiving holiday.
0:08.5	Our next episode will be episode 503 released on Wednesday, December 4th.
0:16.4	Welcome to Money for the rest of us. This is a personal finance show on money, how it works,
0:21.8	how to invest it, and how to live without worrying about it. I'm your host, David Stein. Today is
0:27.8	episode 502. It's titled, Should You Invest in Nuclear Energy? In late September this year,
0:35.9	Microsoft and Constellation Energy announced that they had signed
0:41.4	a 20-year power supply deal that included reopening Unit 1 at 3 Mile Island.
0:49.6	This is a nuclear plant in Pennsylvania.
0:53.5	I was recently talking to Christian Buskin, who is
0:57.0	head of Real Assets Research at my previous advisory firm, F.E.G. advisors. And we laughed because
1:04.4	people my age, Christians age, when you say three mile island, alarm bells go off because in 1979 there was a cooling malfunction
1:14.6	at three-mile island. It led to the release of radioactive gas and it was a turning point in terms of
1:22.7	the U.S. public's perception toward nuclear power. I took a class in high school where we studied what
1:30.2	happened at Three Mile Island. There have been other nuclear accidents, most recently Fukushima
1:36.9	in Japan after a major earthquake there and tsunami in 2011. There were radioactive releases there as the operators
1:46.9	dealt with the aftermath of that earthquake and tsunami. In 1986, there was a Chernobyl accident,
1:54.3	which was the result of a flawed reactor design and inadequate training of personnel.
2:00.7	Germany announced that they were phasing out
2:04.0	all their nuclear power generation. In 1995, it made up 30% of the power mix. By 2022, it dropped
2:10.7	to about 6%. And they closed their last nuclear reactor last year. We have then, at least in my lifetime, all these
2:19.8	anecdotes about nuclear power. It's dangerous. It causes accidents. But then I married into a
2:26.2	family that, where my father-in-law is a nuclear health physicist, my brothers and sisters-in-law,
	...

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