One historical nuclear plant is coming back online

In 1979, Three Mile Island's Unit 2 reactor melted down – causing the most serious nuclear accident in the United States. The reactor suffered a mechanical accident that led to its immediate shutdown. But Unit 1 remained fully operational until 2019 when the facility closed due to financial reasons. Now, it’s coming back online... [Header]( One Historical Nuclear Plant Is Coming Back Online Dear reader, Last Friday, Constellation Energy (CEG) said that it plans to reopen the infamous Three Mile Island nuclear power plant in Pennsylvania. In 1979, the plant’s Unit 2 reactor melted down – causing the most serious nuclear accident in the United States. The reactor suffered a mechanical accident that led to its immediate shutdown. But Unit 1 remained fully operational until 2019 when the facility closed due to financial reasons. Now, it’s coming back online. Constellation signed a 20-year contract in which Unit 1 will supply tech giant Microsoft (MSFT) with energy to run its data centers. The application still needs approval by the Nuclear Regulatory Commission (NRC). But if achieved, Three Mile Island will be the first nuclear power plant to be decommissioned and restarted. And if all goes well, the reactor could be up and running by 2028. While the Three Mile Island meltdown in 1979 released minimal radiation into the atmosphere, it still played a large role in changing the way people view nuclear energy. However, those views are beginning to change… Demand for energy – particularly clean energy – has increased dramatically in recent years, and more tech firms are turning to nuclear resources as an option. And a poll of Pennsylvania residents showed that people are in favor of reopening of the plant by a 2-to-1 margin. --------------------------------------------------------------- $24 Trillion 'E-AI' Trend REVEALED [MMI Sept 18 Ad]( Two major tech trends are converging right now, ushering in a bigger wealth explosion than we’ve ever seen. Technology investing analyst Matt McCall recently traveled all the way to Spartanburg, South Carolina to reveal everything. In this video, Matt McCall exposes a new technology being rolled out at this obscure facility right now. It’s called “E-AI.” And it could soon be responsible for $24 trillion in new wealth. Will you miss out? [Click here now](. --------------------------------------------------------------- This is the second major nuclear-related announcement we’ve seen from Pennsylvania. Earlier this year, Amazon (AMZN) announced a similar deal with Talen Energy (TLN) to power its data using nuclear energy from one of its Pennsylvania plants. Overall, the news has been met with a positive response from residents and investors alike. Plus, nuclear power and utility stocks offer us another way to invest in the growth of artificial intelligence (AI)... According to Wells Fargo, demand for AI-related power is expected to increase 550% by 2026. By the end of this decade, the investment bank sees demand increasing by an incredible 1,150%. The VanEck Uranium and Nuclear Energy ETF (NLR) surged 4.8% on Friday and another 3.4% on Monday in response to Constellation’s announcement. Meanwhile, the Sprott Uranium Miners (URNM) is up 9% over the same time frame. This strength in the nuclear energy space boosted the Utilities Select Sector SPDR ETF (XLU) to a historic high on Friday as well. The utility sector remains the top performer this year with a gain of 26%. [mmi 9-24] As you can see above, Constellation has performed incredibly well this year – thanks in part to last week’s news. The stock rallied 22% on Friday to a new all-time high, and it’s up about 450% and easily crushing the overall market since going public in early 2022. Constellation is the largest operator of nuclear power plants in the U.S. based on megawatt capacity. It had of 27, 864 megawatts of capacity in 2023, which was well above the number two operator – Duke Energy (DUK). [mmi 9-24] Duke Energy has also traded well in 2024 and is trading near an all-time high. Its six nuclear power plants are located in North Carolina – a region of the U.S. that’s experiencing a growth in data centers right now. This attractive location could be a boom for the company as more tech firms decide to build data centers in the state. Overall, the nuclear energy and AI data center megatrends will benefit more than just the utility sector. Check out some of Friday’s biggest movers… - NuScale Power (SMR), Oklo (OKLO), and Nano Nuclear Energy (NNE) – three publicly-traded companies in the small modular reactor (SMR) industry – all rallied double digits. - Cameco (CCJ) – one of the largest uranium miners in the world – jumped 8%. - Vistra (VST) – another utility company with exposure to nuclear and natural gas power plants – was up 16%. It has reportedly been in talks to supply power to some large tech firms. - And some of my other favorites in the trend – including Centrus Energy (LEU), BWX Technologies (BWXT), Sprott Physical Uranium Fund (SRUUF), and Rolls-Royce Holdings (RYCEY) – traded well, too. Nuclear energy isn’t a new trend. But it’s in the early stages of a huge revival. Nuclear energy stocks are a great way to increase your exposure to the AI megatrend outside of pure technology stocks. So, if you haven’t already, now might be a good time to start building out your watch list in the space. You can bet I’m doing the same. Here’s to the future, [Matt McCall signature] Matt McCall Editor, Market Insights Check Out My Latest Podcast [MMI Sept 18 Podcast]( I’m willing to bet most folks don’t think too much about energy drinks as an investment idea. But what if I told you one energy-drink maker was one of the best-performing stocks over the last 30 years? [On this new episode of SteadyTrade Podcast](, Tim Bohen and I dive into this particular stock. But it’s not the only consumer-staple stock that has been flying under the radar recently. This industry has more than doubled the return of the tech sector here in 2024. And two niche areas within this broader space could be the next big winners. [Click here to tune in now](. © Centurion Publishing 13809 Research Blvd, Suite 500, Austin, TX 78750 [CenturionPub.com]( *Results are not typical. Past performance does not indicate future results. All investing carries risk. Our Privacy Policy, along with our Term & Conditions, governs your use of this site. By using our site, or by accepting the Terms of Use (via opt-in, checkbox, pop-up, or clicking an email link confirming the same), you agree to be bound by our Terms & Conditions and our Privacy Policy. 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