Elementl Power is developing a utility-scale advanced nuclear power project in Ohio using GE Vernova's BWRX-300 SMR technology, signaling a significant step in the nuclear renaissance. BWXT's mPower SMR is also gaining traction for both land and maritime uses through partnerships with Applied Atomics and Core Power. These developments highlight growing commercial adoption of SMRs, which is driving growth in nuclear-focused investment funds like the Range Nuclear Renaissance ETF (NUKZ). This trend reflects a broader shift toward next-generation nuclear reactors in global energy supply chains.
The Utilities Select Sector SPDR Fund (XLU), focused on regulated utilities, has gained 7.03% year-to-date, lagging behind the First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID), which is up over 23%. GRID invests in equipment ...
GE Vernova, spun off from General Electric, is at the center of a power equipment boom driven by AI data centers needing on-site generation. Gas turbine prices have risen about 300% in three years, with major tech companies like Microsoft, Meta, and ...
GE Vernova's gas turbine prices have risen about 300% over three years due to soaring demand from AI data centers, with orders fully booked through 2031. The South Carolina plant produces turbines powering hundreds of thousands of homes, attracting m...
Alger portfolio manager Dr. Ankur Crawford argues that investors are mispricing AI stocks by underestimating earnings rather than focusing on price-to-earnings ratios. She highlights companies like GE Vernova, which dominates the gas turbine market w...
Chevron has entered a 20-year power purchase agreement with Microsoft to provide 2.7 gigawatts of natural-gas-fired electricity to a Microsoft data center in West Texas, supporting the massive energy needs of Microsoft's AI infrastructure. The projec...
