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The actions of nuclear energy has skyrocketed after President Donald Trump signed a set of decrees on Friday intended to accelerate the development of nuclear reactors in the United States and to reorganize the Nuclear Regulatory Commission (CNRC).
The equity prices of nuclear energy companies, especially OKLO (Ok hey-4.48%) (Oklo), nuscal (SMR-2.90%) (SMR) and constellation energy (Branch off-2.56%) (CEG) increased sharply on Friday. For Oklo, the shares increased by almost 30% to $ 51 earlier in the day. Nuscal, on the other hand, increased by almost 23% to $ 31.05 per share.
The four decrees should open the way to the Ministry of Energy to install nuclear reactors on federal land, as well as the expansion of the exploitation and the enrichment of uranium in the United States, the Trump administration also aims to build and more easily exploit nuclear reactors, the CNRC also responsible for examining the nuclear reactor licenses in the next year and a half.
“The first slice of [executive orders] relates to nuclear energy where President Trump takes real measures to inaugurate the American nuclear rebirth, “journalists Michael Kratsios, director of the White House office and journalists, to journalists to journalists As reported by CBS News.
At the White House during the signing, Trump was flanked by the leaders of the Directorate of Nuclear Energy Societies, notably Joseph Dominguez de Constellation Energy and Scott Nolan de General Matter, NBC News reported.
Trump called the nuclear energy “safe and clean”, adding: “It is time for nuclear power and we will do it very large”.
Nuclear has its dangersIncluding the environmental and humanitarian costs of the extraction of uranium, but the source of energy has still attracted bipartisan support in recent times; Democrats see nuclear power plants as alternatives to fossil fuels, while Republicans promote it as a means of strengthening the energy independence of the United States, The New York Times reported.
Trump declared a “national energy emergency” at the start of his second term, saying that the United States lacked enough electricity sources to meet his current needs. Nuclear power provides About 18% of the country’s electricity and only three reactors were built in almost three decades in which is equivalent to a slow process.
