We got a couple more government pushes on nuclear, with Canada’s new strategy aiming to bring AtkinsRealis-serviced CANDU reactors to at least four new international markets by 2040…

… and the US DoE committing $17.5B of credit towards the purchase of equipment needed to reach construction on 10 Westinghouse AP1000 reactors by 2030 (owned by Cameco and Brookfield).

As we’ve said previously, aging nuclear fleets in developed economies are driving demand for both refurbishment and new builds…

… so the origin of the underlying technology matters now more than ever, given the geopolitical backdrop.

That means public sector capital will continue to flow to the private sector, which investors have been banking on over the past few years.

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