On November eleventh, the US government unveiled a significant push to bolster nuclear power, potentially benefiting companies like Constellation Energy. This initiative marks a shift from a general approach to a focus on specific reactor designs, with a partnership between the government, Westinghouse, and Cameco. The plan involves up to eighty billion dollars worth of new reactors using Westinghouses AP one thousand technology. The Commerce Department will play a crucial role in financing, loan guarantees, and expediting permits and regulatory approvals. This strategy, a departure from the governments usual technology-neutral stance, actively promotes particular reactor designs, like the AP one thousand and the BWRX three hundred, with a preference for low-enriched uranium fuel. Utilities with existing nuclear operating experience, such as Dominion Energy, Duke Energy, Entergy, NextEra, and Southern Company, alongside Constellation Energy, are likely to become the long-term owners and operators of these new plants. This new US initiative also builds on recent trade agreements with Great Britain, South Korea, and Japan, potentially adding hundreds of billions of dollars to the overall development effort.

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