"Trump has prioritized nuclear energy since he took office a year ago, issuing four executive orders in May to reform the Nuclear Regulatory Commission, reinvigorate domestic fuel chains, and deploy advanced reactors for national security. These include targets for 5 GW of upgrades at existing plants and 10 new large reactors under construction by 2030. Trump's Davos remarks elevated this agenda internationally, criticizing renewables while highlighting nuclear's role in reliable power."
"President Donald Trump addressed the World Economic Forum in Davos yesterday, where he praised nuclear energy for its safety improvements and affordability. He also announced an executive order directing agencies to approve new nuclear reactors, stating, "We're going heavy into nuclear." This builds on his administration's earlier actions to expand U.S. nuclear capacity to 400 gigawatts (GW) by 2050. Shares of Oklo ( ), NuScale Power ( ), and Nano Nuclear Energy ( ) all rose on the news,"
President Donald Trump praised nuclear energy at the World Economic Forum and issued an executive order to accelerate approvals of new reactors, aiming to expand U.S. nuclear capacity to 400 GW by 2050. Recent executive activity includes four May orders to reform the Nuclear Regulatory Commission, strengthen domestic fuel chains, and deploy advanced reactors with targets of 5 GW in plant upgrades and 10 new large reactors under construction by 2030. The Department of Energy allocated $2.7 billion for uranium enrichment. Market reactions lifted Oklo, NuScale Power, and Nano Nuclear Energy shares despite those stocks remaining roughly 50% below 52‑week highs. Rising AI data‑center demand could increase interest in advanced nuclear developers. Oklo advances a microreactor Aurora design and plans a 2027–2028 operational timeline, backed by a binding agreement with Meta Platforms (NASDAQ:META).
Read at 24/7 Wall St.
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