BREAKING: EU Announces New Nuclear Power Program

Jeff Siegel

Written By Jeff Siegel

Updated March 25, 2024

Something pretty remarkable happened in the EU last year.

For the first time ever, wind generation exceeded that of natural gas.

This, according to the latest data from energy industry think tank Ember, which also showed that fossil fuels provided less than one-third of the EU’s electricity generation in 2023 while renewables accounted for 44%.

What’s particularly interesting about this is that a couple years ago, when the whole Ukraine thing unfolded, the general consensus was that lack of natural gas from Russia would reignite the coal industry. 

There was a slight 7% bump in 2022, but coal’s reprise was short-lived.  This was mostly due to the EU’s rapid expansion of solar, wind, and energy efficiency and conservation measures. Because last year, coal generation fell by 26% and contributed only 12% to the EU’s electricity mix. 

Of course, the question is, can the rapid development and deployment of renewable energy keep pace with demand, which is expected to rise dramatically in the coming years, with some of that coming from more EVs entering the marketplace.

While I don’t doubt that renewable energy growth will continue to break records for the foreseeable future, if the EU is determined to kick fossil fuels to the curb, it’ll likely need some nuclear power in the mix to complement its renewable energy sources.

So I wasn’t surprised when earlier this week, EU energy commissioner Kadri Simson announced the EU’s decision to establish an industrial alliance on small modular reactors (SMRs) to facilitate the deployment of the first of those reactors by 2030.

Now before this was even announced, Poland had already started moving forward on SMRs after announcing that construction was set for 24 new SMRs in six different locations. 

Then in November, France announced plans to allocate $1.3 billion to fund new SMR projects, and Romania is now actively replacing a former coal plant with an SMR power plant. 

So this recent news on the industrial alliance on SMRs is exciting, but not at all surprising.  Make no mistake: in the coming years, you’re going to see fleets of SMRs being built all across the globe.  And you better believe we’re going to profit from this.

In fact, we’ve already started by investing in one of the only companies that’s producing the fuel to power these new SMRs.  The fuel is called Tri-Fuel 238, and this is the stock we believe will be the big winner in the race to build thousands of SMRs

While it’s true that the renewable energy industry is booming in the EU, it’s not the only way to profit from the EU’s transition away from fossil fuels.  

Bottom line: there’s a boatload of cash to be made in the SMR game, so you might as well make it.  Here’s how you can get started.

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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