Santee Cooper is actively seeking proposals for the acquisition and completion of two nuclear reactors at the V.C. Summer Nuclear Station in South Carolina.
The move comes amid heightened demand for electricity and a burgeoning interest in nuclear power, particularly from tech companies aiming to support AI data center expansions.
Short term bullish momentum, but nuclear energy business is still too capital intensive that requires more government support and funding, with low profit compared to Natural Gas.
There might be more constructions in the future as we see inventory of Uranium stocking up, and the demand of energy from AI data centers will cause a surge in energy prices.
Investment cycle is lengthy for their projects, thus investors better be cautious about their valuations, ensure a good margin of safety.
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