America to Catch Up with China and Russia: Trump Signs Executive Orders, Post-Market Rally in US Nuclear Energy Stocks

On May 23, U.S. President Trump signed four executive orders, according to an advisor, these orders aim to promote the "revival" of civilian nuclear energy in the United States, with the goal of quadrupling nuclear energy production within the next 25 years. Trump stated at a briefing in the Oval Office: "The time has come for nuclear power." Trump also mentioned that he would adopt "very rapid and safe" procedures, particularly hoping that the review of applications for building new nuclear reactors would not exceed 18 months.

Strengthening the fuel supply chain can drive the development of the nuclear energy industry. The flourishing of artificial intelligence has also led to the first increase in electricity demand in the U.S. in 20 years.

U.S. Interior Secretary Boren said that the challenge we face is "producing enough electricity to win the duel with China in artificial intelligence."

A White House official who wished to remain anonymous said that we hope to authorize testing and deployment of nuclear reactors before the end of the president's term, which is January 2029.

The purpose of U.S. President Trump signing the executive order is to launch nuclear energy production by simplifying the regulatory process for approving new reactors, and instructing the Department of Energy and the Department of Defense to identify federal land for nuclear energy deployment, thereby streamlining the current process of the Nuclear Regulatory Commission. As a result, the U.S. nuclear energy stocks surged collectively after market hours.

The draft summary of the executive order shows that Trump will again invoke the U.S. Defense Production Act, citing that the U.S. "depends on China and Russia" in the fields of enriched uranium, nuclear fuel processing, and advanced reactor components, and declare a "state of emergency".

According to AFP reports, the U.S. remains the world's leading civilian nuclear power country, with 94 operating reactors, but their average service life is increasing (42 years).

France, with 57 reactors, remains the country with the highest per capita nuclear energy ownership. The country announced plans in 2022 to build six or even 14 new reactors, with the first reactor expected to be completed by 2038.

China is particularly active, currently having 57 reactors in operation, equal to France, with another 27 under construction. Russia remains a major exporter of power plants, with 26 reactors under construction, six of which are within Russia.

Original Source: https://www.toutiao.com/article/1832998574681289/

Disclaimer: This article represents only the views of the author.