Latest news with #nuclearpower
Yahoo
15 hours ago
- Business
- Yahoo
Palantir Teams Up to Build AI Operating System for Nuclear Power
Palantir Technologies (NASDAQ:PLTR) has inked a $100 million deal with The Nuclear Company to co-develop an AI-driven nuclear operating system (NOS) aimed at making U.S. reactor construction faster, safer, and more predictable. Under the agreement, The Nuclear Company will pay Palantir roughly $100 million to build NOSan AI software platform that uses data analytics and machine learning to optimize every step of nuclear plant construction. The system is designed to turn what has traditionally been a complex, bespoke process into a standardized, repeatable workflow, reducing delays and cost overruns. Palantir shares ticked up about 1% in premarket trading on Thursday following the announcement. As U.S. energy demand hits record levelsdriven in part by power-hungry AI data centersrenewed focus on nuclear power is growing. Last month's executive orders from President Trump mandate building 400 GW of nuclear capacity by 2050 and starting 10 large reactors by 2030. NOS could be a critical tool for meeting those targets, blending advanced software with large-scale infrastructure projects. This partnership marks Palantir's first foray into civilian nuclear construction software. Investors should watch for initial NOS deployments and milestone payments, which could meaningfully bolster Palantir's commercial revenues in the coming years. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
16 hours ago
- Politics
- Bloomberg
Energy Secretary Wright on Iran, Oil, Nuclear Power
US Energy Secretary Chris Wright talks about the impact of airstrikes against Iran's nuclear facilities, oil sanctions that are still in place and the need for more nuclear power in the US. He is on "Bloomberg Surveillance." (Source: Bloomberg)
CBC
16 hours ago
- Business
- CBC
Input wanted on large-scale nuclear power plant in northern Alberta
A significant nuclear power proposal in northwest Alberta is one step closer to reality as the project progresses to its public input phase. The Peace River Nuclear Power Project would see the construction of two twin Candu Monark nuclear reactors at one of two proposed sites, both about 30 kilometres north of the town of Peace River. Calgary-based Energy Alberta, the company proposing the project, said it would cover 1,424 hectares and operate for about 70 years. It would also generate about 4,800 megawatts of energy per year. If approved, it would be the first plant of its kind in the province. Since learning of the project, five local jurisdictions in the region have created a joint committee to advocate for nuclear power. This includes the Town of Peace River, the Municipal District of Peace, Northern Sunrise County, the Town of Grimshaw and the County of Northern Lights. Town halls, workshops and information sessions are being held in and around those communities so people can learn about nuclear power and ask questions to officials about the project. Comments can also be submitted online until late July. "We see this as a once-in-a-generation opportunity to see a real huge economic development in our region at a time when all dollars as a tax assessment dollars really matter," said Northern Lights County Reeve Terry Ungarian, who also chairs the Peace Regional Energy Committee, at a town hall meeting on Tuesday. "[We have] the common goal of bringing probably the biggest economic development that the province would ever see, for sure that this region would ever see." Currently, the Impact Assessment Agency of Canada and the Canadian Nuclear Safety Commission are in the planning phase of the impact assessment process, to determine if an integrated assessment is needed. Information sessions key In a recent interview with CBC's Edmonton AM, Peace River Mayor Elaine Manzer said she has been told the project would bring about 3,500 full-time jobs once the reactors are up and running. She said the project would also created about 5,000 local construction jobs. "There are usually some questions will it affect our water? Will it affect our air or our environment in some ways like that? What are the possible effects on our community in terms of infrastructure or housing? Some of those are hard to have an answer at this point in time until they happen," she said, adding she understands the regulatory process could take about three years. "These information sessions provide the regulators with more questions that they can ask of the company." According to Energy Alberta, if approved, the regulatory process is expected to be complete by 2028 and move into construction by 2029. "We are at the stage were we are out there really talking about it, providing information, getting early feedback to incorporate into our planning," said spokesperson Ali Hounsell. "There's lots of opportunity for the public and nation to participate, both inside and outside the regulatory process as we move forward, with the planning stage." The hope is the first reactor would be in operation by 2035 and all four units would be up and running by 2043, Hounsell said. Candida Cianci, the director of review panels at the Impact Assessment Agency of Canada (IAAC), said public input is needed on the project. "We're out here because we really want to hear from the communities and concerned citizens what their views may be on the proposed project, what their concerns are," she said. "The council and the communities that we've heard from the last two days have indicated they really have a lot to learn and we have a lot to learn about what their views are." After the process is complete, the company will gather information and undertake studies based on feedback, while engaging with stakeholders and Indigenous communities. "We're going to take that feedback. We're going to incorporate it, and we're going to let participants know how we reflected what we heard from them and we are going to finalize those documents," said Cianci. If an integrated assessment is needed, the project will then be referred to a review panel. The second public comment period runs until July 23.
Telegraph
18 hours ago
- Business
- Telegraph
British Gas to take multibillion-pound stake in Miliband's nuclear power plant
British Gas is poised to take a multibillion-pound bet on a nuclear power plant backed by Ed Miliband. Centrica, the owner of British Gas, is preparing to announce a 15pc stake in Sizewell C in the coming weeks, handing a boost to the project after months of prolonged funding talks. The planned investment will hand Centrica the same-sized stake in Sizewell C as French state-owned energy group EDF. It comes after the Energy Secretary confirmed plans earlier this month to invest £14bn into the power plant by 2029, increasing the Government's total investment in the project to £17bn. He is pumping in taxpayer cash as part of a planned nuclear power renaissance in Britain, with Sizewell C set to generate enough electricity for 6m homes. At the time, he said the investment was 'the right choice for bills, the right choice for jobs and the right choice for growth'. Centrica's planned stake, first reported by the Financial Times, signals a shift in investor interest in Sizewell C, as many large funds have previously been put off by years of delays and cost overruns. Sizewell C cost reaches £40bn EDF had initially been planning to open the plant in 2020, but it is now not expected to begin operations until after 2030. Earlier this month, it also emerged that the cost of Sizewell C had more than doubled to £40bn, up from previous estimates of £20bn. The Government has refused to comment on the cost of Sizewell C, although officials have attempted to play down the scale of the cost increase. It has defended the investment in the project by claiming the Government is 'filling the gap with a new nuclear programme which will see greater efficiencies and learnings carried across projects'. A spokesman said: 'Sizewell C will be an almost exact replica of Hinkley Point C – but crucially learning from previous mistakes and replication. 'EDF says that the second unit of Hinkley is getting built at a rate 25pc quicker than the first, and Sizewell C is effectively a third and fourth version of this reactor.' As well as Centrica and EDF, funds such as Amber Infrastructure Partners, Brookfield Asset Management and the Canadian pension fund CDPQ are exploring potential investments.
Yahoo
21 hours ago
- Business
- Yahoo
Raymond James Initiates Coverage of Talen Energy Corporation (TLN) Stock, Gives Outperform
Talen Energy Corporation (NASDAQ:TLN) is one of the Top Energy and Utility Stocks Wall Street Analysts Are Talking About. On June 13, Raymond James analyst J.R. Weston began coverage of the company's stock with an 'Outperform' rating and a price objective of $314. The analyst believes that the upcoming 2025-2026 auction might clear at the $325/MW-day cap, which can act as a near-term catalyst. With the current market momentum favoring acquirers, mainly with Talen Energy Corporation (NASDAQ:TLN)'s story and equity value fueled by the AWS deal, the company's M&A potential has been adding to the upside, according to Raymond James. An agricultural field full of solar panels, capturing the sun's energy for the company. As per the terms of a new power purchase agreement, Talen Energy Corporation (NASDAQ:TLN) plans to supply electricity to Amazon for operations supporting AI and other cloud technologies at Amazon's data center campus adjacent to Susquehanna, with the capability to deliver to other sites across Pennsylvania. Under the expanded PPA, at the full contract quantity, Talen Energy Corporation (NASDAQ:TLN) will offer Amazon 1,920 megawatts of carbon-free nuclear power through 2042, with options to further extend the duration. The power delivery schedule is expected to ramp over time, projecting to achieve full volume no later than 2032. Prosper Stars & Stripes, a long/short equity fund, recently released its Q1 2025 investor letter. Here is what the fund said: 'Talen Energy Corporation (NASDAQ:TLN) was the top contributor in the long book during the first quarter of 2025. Talen is an independent power producer ('IPP') with 10.7 gigawatts ('GW') of power producing assets in the 13 state mid-Atlantic region of the U.S. called the Pennsylvania-New Jersey-Maryland ('PJM') market. As mentioned in previous letters, the company's crown jewel asset is the 2.2 GW Susquehanna nuclear power plant. Talen signed a long-term power purchase agreement ('PPA') with Amazon Web Services ('AWS') for a total of 960 megawatts ('MW'). The first phase for up to 300 MW of power is in place; however, the additional phases are under review by the Federal Energy Regulatory Commission ('FERC'). Given the demand for clean energy and artificial intelligence ('AI') datacenters, we believe a positive resolution is likely, as the dispute centers on interconnect costs and grid reliability. There are only 3.6 GW of new gas-fired generation projects expected to come online by 2030 in the PJM market. Based on management's demand forecasts, this is not enough capacity to meet the expected needs of the market. Talen reached an agreement to extend the lives of its reliability-must-run ('RMR') assets Brandon Shores and H.A. Wagner to the end of the decade rather than ceasing operations in May 2025. These assets will receive fixed payments totaling $180 million annually for the life of the contract. RMR assets are designed to ensure there are fewer or no blackouts when the grid is stressed. We believe the scarcity value of Talen's assets, financial stewardship of its balance sheet and cash flows, and equity valuation support our price target of approximately $300 per share.' While we acknowledge the potential of TLN to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than TLN and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None.
