- (1:30) - Breaking Down All The Recent Nuclear Power Deals
- (9:20) - The Race For Commercial Nuclear Power: Small Modular Reactors and Nuclear Fusion
- (16:15) - Why Are Uranium Prices So Volatile?
- (22:35) - Sprott Uranium Miners ETF: URNM
- (25:20) - What Is The Supply and Demand For Alternative Energy Materials?
- (31:15) - Episode Roundup: CEG, VST, URA, SETM
- Podcast@Zacks.com
In this episode of ETF Spotlight, I speak with John Ciampaglia, CEO of Sprott Asset Management, about investing in the nuclear renaissance and the energy transition.
Last month, Microsoft MSFT announced a 20-year power purchase agreement with Constellation Energy CEG, the largest owner of nuclear power plants in the US. As part of the deal, Constellation will restart Pennsylvania’s Three Mile Island nuclear reactor to generate the additional power needed for the tech giant’s data centers.
Google GOOGL is also exploring how to bring electricity from nuclear power plants to its data centers, according to CEO Sundar Pichai in a recent interview.
Shares of Constellation and other nuclear power producers, such as Vistra VST, which had already been surging this year, received an additional boost from the deal.
NVIDIA NVDA CEO Jensen Huang expects that companies could spend up to $1 trillion over the next four years on data center infrastructure to meet the growing demand from AI applications.
Many tech giants, driven by sustainability goals, have pledged to use renewable energy to power their data centers and are increasingly exploring nuclear energy as a solution.
This surging demand has led to rising interest in Small Modular Reactors (SMRs). Oracle ORCL is designing a data center that would be powered by three small modular reactors, according to chairman Larry Ellison.
Nuclear fusion, the process that powers the sun and stars, could offer a seemingly endless source of clean, carbon-free energy. However, fusion reactors designed to produce electricity are still in development and have yet to reach commercial viability.
While demand for uranium continues to rise, supply faces many challenges, and expanding it will take time. The Sprott Uranium Miners ETF URNM and the Global X Uranium ETF URA provide exposure to uranium and uranium mining companies.
In addition to uranium, other critical materials such as copper, nickel, cobalt, and lithium are essential for clean energy generation, battery storage, and energy transmission. For exposure to these materials, consider the Sprott Energy Transition Materials ETF SETM.
Tune in to the podcast to learn more.
Make sure to be on the lookout for the next edition of ETF Spotlight! If you have any comments or questions, please email podcast@zacks.com.
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Microsoft Corporation (MSFT): Free Stock Analysis Report
Constellation Energy Corporation (CEG): Free Stock Analysis Report
NVIDIA Corporation (NVDA): Free Stock Analysis Report
Oracle Corporation (ORCL): Free Stock Analysis Report
Alphabet Inc. (GOOGL): Free Stock Analysis Report
Global X Uranium ETF (URA): ETF Research Reports
Vistra Corp. (VST): Free Stock Analysis Report
Sprott Uranium Miners ETF (URNM): ETF Research Reports
Sprott Energy Transition Materials ETF (SETM): ETF Research Reports