Nuclear Energy as an Investment
Nuclear Power has come under assault in the aftermath of the Fukushima Nuclear Accident with Nuclear becoming a four letter word.However Nuclear Energy cannot be ignored because its nuclear energy uses are unique in some applications and cannot be substituted by any other means.Nuclear Energy is responsible for generating almost 1/6th of the global production of electricity with Developed Countries like Japan,Europe and USA having 20% or more of their electricity being generated by Nuclear Fission.Currently 31 countries in the world have nuclear reactors producing electricity.The total installed nuclear generating capacity in the world is around 375 GW (WNA) with another 170 GW in planning g state and another 170 GW being proposed.Despite the massive opposition that nuclear power has run into,nuclear companies and nuclear power stocks are not going away soon.This is because of the massive installed base and the nuclear plans of emerging countries.For example Middle Eastern countries like Saudi Arabia,UAE are going ahead with their nuclear power plans as are countries like India and Vietnam.
Types of Nuclear Energy Stocks
Note the Nuclear Industry is a massive industry and can be roughly be divided into 3 main cateogries.The biggest nuclear energy stocks are utility stocks which have lots of nuclear power capacity installed.These are like renewable energy utility stocks which have large amounts of renewable power capacity.Then there are nuclear equipment providers or nuclear reactors stocks just like wind turbine or solar panel companies.There are also nuclear material providers which provide uranium and other materials for nuclear power plants.The last is a niche category nuclear waste stocks but they can be highly rewarding as well.This is because top nuclear countries which have vast amounts of nuclear waste which will be have to ultimately disposed of.Currently there are lying in temporary facilities but they will have to be disposed of and then these stocks will make huge profits.
Nuclear Utility Stocks
- Southern Nuclear Operating Company, Inc., also known as Southern Nuclear, is a nuclear power company headquartered in Birmingham, Alabama. The company operates six nuclear power units at three plants
- Exelon (EXC) is one of the largest nuclear utilities in the USA with more than nuclear power plants including the infamous Three Mile Island.
- Electricité de France S.A. (EDF; English: Electricity of France) is the world’s largest utility company. It also has the large nuclear power capacity in the world.It has 58 active nuclear reactors (in France) spread out over 20 sites (nuclear power plants).
- Vattenfall is a Swedish power company and is wholly owned by the Swedish government.The company gets 25% of its power from nuclear souces
- Nuclear Power Corporation of India Limited (NPCIL) is a government-owned corporation of India based and exclusively generates nuclear power for electricity.
- Entergy (ETR)
- Dominion Resources (D) is a power and energy company headquartered in Richmond, Virginia and has more than 41% of its power being generated from nuclear resournces
- Constellation Energy (CEG)
- NRG Energy’s (NRG)
- Edison International (EXI)
- Horizon Nuclear Power is a British energy company expecting to build new nuclear power stations in the United Kingdom. It is an E.ON UK and RWE npower joint venture, established in 2009, with its head office in Gloucester.
- China Guangdong Nuclear Power Holding Co., Ltd. (CGNPC) was established in September 1994 with a registered capital of RMB 10.2 billion with nuclear power as its core business. With CGNPC as its core enterprise, China Guangdong Nuclear Power Group (CGNPG) comprises more than twenty wholly owned or controlling subsidiaries.
- Nuclearelectrica is a Romanian state-owned company with installed capacity of 1,400 MW and an annual average power production of 5.613 GWh meaning 18 % of the total national output of Romania
- Korea Electric Power Corporation, better known as KEPCO, (??????: Hanguk Jeollyeok Gongsa) is the largest electric utility in South Korea
Nuclear Reactors Stocks
The Nuclear Energy Equipment market which is supposed to grow to a Trillion Dollar Market by 2030 is dominated by Three Companies/Joint Ventures.French Energy Giant Areva,Toshiba-Westinghouse and General Electric-Hitachi are the three Combines ruling over the Nuclear Energy Reactor Market currently.There are also two smaller players Russia’s ZAO Atomstroyexport and Korea Electric Power Corp.Toshiba has been an aggressive player in this market buying US based Westinghouse in a Billion Dollar deal earlier.
2) General Electric
4) Korea Electric Power
6) ZAO Atomstroyexport7) Babcock & Wilcox (B&W)has supplied the nuclear industry with 1,300 large, heavy-walled components worldwide. With dedicated manufacturing operations in the U.S. and Canada, B&W suppliesfabricating pressure vessels, reactors, steam generators, heat exchangers, valves and other auxiliary equipment.
Mini Nuclear Reactor Companies
- Hyperion Power Generation, Inc. is a privately held corporation formed to construct and sell several designs of relatively small (70 MW thermal, 25 MW electric) nuclear reactors, which they claim will be modular, inexpensive, inherently safe, and proliferation-resistant.
- NuScale Power, Inc. is a corporation formed to construct and sell dedicated design of relatively small (160 MW thermal, 45 MW electric, hence 28% efficient) nuclear reactors, which they claim will be modular, inexpensive, inherently safe, and proliferation-resistant.
- TerraPower is a nuclear reactor design spin-off company of Intellectual Ventures that is headquartered in Bellevue, Washington in the United States. TerraPower is investigating a class of nuclear fast reactors called the traveling wave reactor (TWR). One of TerraPower’s primary investors is Bill Gates
- Flibe Energy is a company that intends to develop small modular reactors based on liquid fluoride thorium reactor (LFTR) technology. It was founded on April 6, 2011
Nuclear Fuel and Nuclear Material Companies
- Nuclear Fuel Services Inc. is an American company that has been a major supplier of fuel for the United States Navy’s fleet of nuclear-powered vessels since the 1960s. In recent years it has also processed weapons-grade uranium into nuclear reactor fuel. It operates a 65-acre (260,000 m2) gated complex in Erwin, Tennessee
- Nukem GmbH, together with its subsidiary Nukem Inc., markets nuclear (reprocessed) fuel components and speciality products utilities worldwide. Since the 1970s, Nukem has transitioned from playing a modest role in uranium brokerage to becoming one of the world’s largest intermediaries in the international nuclear fuel marke
- Korea Nuclear Fuel or KNF is a South Korean public enterprise e to provide high quality nuclear fuel. It provides nuclear fuels to 20 nuclear power plants in South Korea
- Japan Nuclear Fuel Ltd. (JNFL) is a nuclear energy company involved in the production of nuclear fuel, as well as the reprocessing, storage and disposal of nuclear waste.
- Kazatomprom is a state-owned nuclear holding company in Kazakhstan, which operates in the field of Uranium and nuclear fuel cycle services
- Tekhsnabexport (TENEX) is a state owned Russian company founded in 1963 which trades uranium fuel and fuel processing services abroad
Uranium Companies and Stocks
Note most of the uranium companies are based in Canada and the others are state owned uranium companies which are not publicly traded.
- Denison Mines Corp. (TSX: DML, NYSE: DNN) is a Canadian uranium exploration, development, and production company
- Cameco Corporation (TSX: CCO, NYSE: CCJ) is the world’s largest publicly traded pure play uranium company.It is the world’s second largest uranium producer, accounting for 16% of world production
- Uranium One (TSX: UUU, JSE: UUU) is a Canadian based uranium mining company with operations in Australia, Canada, Kazakhstan, South Africa and the United States.
- USEC Inc. (USU) supplies low enriched uranium (LEU) to commercial nuclear power plants in the United States and internationally. In addition, the company provides nuclear energy solutions and services, including the design, fabrication, and implementation of spent nuclear fuel technologies,transportation and storage systems for spent nuclear fuel; and nuclear and energy consulting services.
- China Nuclear International Uranium Corporation is a Chinese Government owned corporation involved in prospecting, and eventually mining, overseas sources of Uranium.
Nuclear Waste Stocks
Nuclear Waste is one of the most difficult waste products to transport and store because of its dangerous radioactive effects.Given the long life of some of the transuranic elements Nuclear Waste has to be stored in a safe manner for thousands of years which is a tough given that the chances of leakage become enormous in such a long time scale.Storing of Nuclear Waste has to be performed in a extremely complicated manner which is also enormously costly.Also there are problems of NIMBY with Nuclear Waste Storage as nearby residents don’t want such toxic waste stored anywhere close especially as it does not bring any economic or social benefits.Not there is no permanent storage site despite many decades of planning and billions of dollars being spent.While Japan and Europe reprocess the fuel in the hope that they will be used again that remains a dream with thousands of tons of HLW piling up.
- COVRA (Centrale Organisatie Voor Radioactief Afval) is a Dutch nuclear waste processing and storage company which stores the waste produced in the Borssele nuclear power plant after it is reprocessed by Areva NC
- The Deutsche Gesellschaft zum Bau und Betrieb von Endlagern für Abfallstoffe mbH (DBE) is responsible for planning, construction and operation of the facilitiesor securing and disposal of radioactive waste on behalf of the Federal Republic of Germany.
- The Nuclear Decommissioning Authority (NDA) is a non-departmental public body of the United Kingdom formed by the Energy Act 2004. It came into existence in late 2004, and took on its main functions on 1 April 2005. Its purpose is to deliver the decommissioning and clean-up of the UK’s civil nuclear legacy in a safe and cost-effective manner, and where possible to accelerate programmes of work that reduce hazard