Saturday, September 21, 2024

"Rolls-Royce Nuclear Secures Major Micro Reactor Contract"

 From gCaptain, September 21:

In a move that could redefine the global energy landscape and eventually bring emissions-free energy to shipping, Rolls-Royce has inked a deal with the Czech Republic to deploy its next-generation micro nuclear reactors. As the world scrambles to decarbonize, these compact powerhouses promise a revolution in how we think about nuclear energy.

Rolls-Royce’s small modular reactors (SMRs) are designed to be everything traditional nuclear plants are not: smaller, cheaper, and quicker to build. The British engineering giant claims these reactors, which can be factory-built and shipped to site, will drastically cut down the time and cost associated with nuclear power, providing a much-needed shot in the arm for an industry often criticized for being unwieldy and over-budget. These reactors are not ready for ships yet but industry experts hope that landside contracts like this will eventually find their way offshore....

....MUCH MORE

Following on yesterday's news:
Constellation Energy to restart Three Mile Island nuclear plant, sell the power to Microsoft for AI
a trend does indeed appear to be emerging.

*** 

From a 2008 post:

"A trend is emerging."

I'm sorry, private joke. One of the best securities analysts I know said that in 1999 when looking at this chart, minus the last eight years of course, and right before the stock took a sixty percent dumper. At the time, MO was up approximately "1 billion, gagillion, fafillion, shabolubalu million illion yillion..." percent over the prior twenty five years.

At the time the price chart showed 8 cents to $25.06 without reinvesting dividends.

 

BigCharts

If interested in more background, MarketWatch among many others, posted some research:

What are the most profitable stocks of all time? The answer might surprise you.