Biden’s $1.5B Clean Energy Boondoggle

Jeff Siegel

Written By Jeff Siegel

Updated May 15, 2024

Environmentalists swear that clean energy isn’t too expensive to pursue.

But that’s not always true.

In fact, last week we got word that the Feds have agreed to pony up $1.5 billion for a single “clean energy” power plant in Michigan.

That’s billion — with a “B.” 

And this isn’t even new construction. 

This is actually $1.5 billion just to restart a 50-year-old nuclear power plant that couldn’t compete with other sources of energy, so it was decommissioned in 2017.  In some cases, the power from this power plant cost 57% more than competing sources.

In an honest free market, such a thing would never happen.

But let’s be honest.  As much as we like to talk a good game about free market capitalism when it comes to energy, there’s no free market.  There never has been.  But this one is particularly absurd.  Because not only are the Feds shelling out $1.5 billion to restart this old power plant, but the state is pitching in another $150 million too.

And on top of that, the power company that has agreed to buy power from this power plant is seeking funding from the Feds as well.  Just so it can afford the power that will be produced at this power plant.  

Even the company that owns the old power plant announced that it would’ve decommissioned the site had the Biden administration not handed over all that filthy lucre. 

Still, the U.S. government has decided that this is a good use of $1.5 billion.  

It’s absolutely absurd.  Especially when you consider that 13 nuclear reactors have closed down in the past ten years, due primarily to the fact that traditional nuclear power simply can’t compete with cheaper natural gas and renewables.  Even the Department of Energy has gone on record, saying that roughly half of the nation’s nuclear reactors are at risk of closing due to economic factors.

But this isn’t necessarily a critique of the nuclear power industry.

Instead, it’s a critique of the government, once again, investing in the wrong stuff.

While Biden seems to have a hard-on for restarting a 50-year-old nuclear power plant with 1.5 billion taxpayer dollars, the industry itself is actually moving away from those relics of the nuclear power past, and moving toward the future with small modular reactors (SMRs).

If you’re unfamiliar, SMRs are advanced nuclear reactors that only provide about one-third the generating capacity compared to conventional nuclear power reactors.

Despite the smaller size, SMRs can be built in fleets, thereby providing just as much, if not more generation capacity as the older, outdated nuclear power plants. 

They’re also much cheaper to build and maintain.  Subsidies aren’t even necessary to get these things up and running. Which is why so many governments are actively investing in, and building, new fleets of SMRs.  China, the U.S., Russia, and countries within the EU are all seeking to take the lead in SMRs.

And of course, this presents a very attractive opportunity for investors who want to make a killing in the next nuclear power bull market — which only exists now, because of SMRs. 

And if you don’t believe it, just look at the evidence for yourself.

Because make no mistake: there’s a lot of money to be made in the SMR game.  Particularly when it comes to Tri-Fuel 238, which is the fuel that is required to power SMRs.

In fact, there’s so much money to be made in Tri-Fuel 238, our research team has put together a special report that explains exactly what Tri-Fuel 238 is, and of course the Tri-Fuel 238 stocks that’ll give you the most bang for your buck.

You can download that report here.

To a new way of life and a new generation of wealth…

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Jeff Siegel

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Jeff is the founder and managing editor of Green Chip Stocks. For more on Jeff, go to his editor’s page.

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