Nov. 7 at 3:23 PM
The U.S. government's new partnership with Westinghouse and Cameco to build nuclear reactors marks a shift in policy and could drive new investments in the sector, according to Bank of America. Analyst Ross Fowler noted that the deal represents a significant financial commitment to next-gen nuclear tech, focusing on Westinghouse AP1000 and BWRX-300 reactors.
The U.S. is moving away from a "technologically agnostic" stance to promote specific reactor designs, aiming to reduce costs through scale. BofA believes regulated utilities could benefit from a "build/own/transfer" model, identifying Constellation Energy , Dominion Energy , Duke Energy , Entergy , NextEra Energy , and Southern Company as potential winners.
The government and private partners plan to build
$80 billion in new reactors with support from Washington, including financing and loan guarantees.
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