I continue to see more headlines that somewhat indicate the turning sentiment in nuclear. By virtue of blisteringly high energy prices across the board, and strong climate change forces, nuclear is an obvious solution or at the very least, a bridge.
Germany, the green energy leader (and thus biggest victim of the current state of affairs because green energy isn’t yet mature in capacity to provide reliable base-load power), is turning its coal plants back on:
Democratic constituents are suddenly coming out of the woodwork to tacitly support nuclear:
A nuclear power startup just raised a monster round of funding:
All is to say I continue to smile as one of our holdings, a publicly traded private equity fund (Brookfield Business Partners), owns one of the biggest nuclear power services companies globally and is taking it to market this year. I wrote a bit more about BBU’s nuclear progress prior. I presume the process is moving forward in the background despite major market volatility, as the company is expanding market share systematically due to the absence of Russia in the market:
Time will tell what this business will go for but I’m excited about its prospects to potential buyers.
Disclosure: We own shares of BBU, this is not investment advice. Do your own work.