Banks and private equity firms WANT to finance nuclear plants

ByRod Adams

One of the more persistent and frustrating comments that anti-nuclear groups have about nuclear power is that the market has spoken and has rejected the technology.

There are lots of complicated responses to those statements, but here is one that is becoming more true – “That statement is OBE (Overcome By Events).”

Here is an interesting story from Reuters financial pages – sorry that it is kind of time late – I missed it when it appeared last week.

Active market seen in U.S. nuke plant financing – here is the lead for the article:

HOUSTON, Feb. 13 (Reuters) – Banks and private equity firms are keen to finance the construction of nuclear power plants in the United States, despite public opposition to the projects, an investment banker said on Tuesday.

“It’s not something lenders are scared to stick their toe in,” William Montgomery, head of the natural resources group at investment bank Goldman Sachs Group Inc. (GS.N: Quote, Profile , Research), told the Cambridge Energy Research Associates CERA Week conference in Houston.

Rod Adams

Rod Adams is Managing Partner of Nucleation Capital, a venture fund that invests in advanced nuclear, which provides affordable access to this clean energy sector to pronuclear and impact investors. Rod, a former submarine Engineer Officer and founder of Adams Atomic Engines, Inc., which was one of the earliest advanced nuclear ventures, is an atomic energy expert with small nuclear plant operating and design experience. He has engaged in technical, strategic, political, historic and financial analysis of the nuclear industry, its technology, regulation, and policies for several decades through Atomic Insights, both as its primary blogger and as host of The Atomic Show Podcast. Please click here to subscribe to the Atomic Show RSS feed. To join Rod's pronuclear network and receive his occasional newsletter, click here.

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