Virgil C. Summer Nuclear Generating Station

The biggest movement that we're seeing in the United States is on behalf of the hyperscalers that are building these data centers largely for AI demand.

Um, the hyperscalers have engaged in multiple long-term, very high-priced power purchase agreements with nuclear operators to de-risk, um, extend the, the operating lives of a plant, in some cases restart plants like Three Mile Island or the Crane Nuclear Energy Center, which it's being called Clean Energy Center right now, um, restarting Duane Arnold, restarting Palisades, restarting the construction of VC Summer.

All of these things are happening due to, uh, either direct or indirect hyperscaler demand for electricity.

The de-risking of the fleet in the US is the biggest story in terms of hyperscaler influence for the near term.

We have the asset.

We have proven that we are investable in that we attracted, because of VC Summer mothballed reactors, Brookfield, a trillion dollar balance sheet came in to help us build this out.

So we can attract investors, but that's a different kind of, that's an early stage mega.

There aren't, Brookfield's an elite pool of capital.

And he talked about the need to create more opportunities and also talked about a major announcement between the University of South Carolina and Westinghouse Electric Company that will fuel the development of AP1000 plants.

If you're talking about the AP1000, that's the reactor that's going in these nuclear plants now that is developed by Westinghouse.

It's what's going on at VC Summer.

It is the reactor of the future that everyone's using, the one down in Georgia.

But as I've said from the very beginning when we even started to kind of think about AI and its influence on this sector, the primary thing that it's going to do, and is already doing, is de-risking the existing fleet, and it's also restarting reactors and restarting construction that was halted.

So the VC Summer plant is going to be restarted in construction, um, and, and Brookfield seems to be aiming to do that.

That's an-another AP1000.

Duane Arnold's going to restart.