President Trump has issued an executive order aimed at quadrupling U.S. nuclear power capacity by 2050, emphasizing American leadership in nuclear technology. This initiative comes amid a renewed interest in nuclear energy, largely driven by the surge in artificial intelligence, which requires substantial energy resources.
Major tech companies including Microsoft, Amazon, Google, and Meta are actively investing in nuclear energy projects, particularly small modular reactors (SMRs), to meet their energy needs and sustainability goals. The Range Nuclear Renaissance Index ETF (NUKZ) encompasses firms in the nuclear fuel and energy sector, featuring key players like Cameco, Constellation Energy, and Oklo.
Given the high costs and lengthy timelines associated with building traditional nuclear plants, the adoption of SMRs is gaining traction as a more efficient alternative. For more insights, refer to the ETF Spotlight podcast featuring Tim Rotolo, CEO of Range Fund Holdings.
