AI 전력 수요가 핵에너지 부흥을 견인하고 있으며, 소형 모듈식 원자로 주식들이 IPO 파이프라인에 진출하면서 유틸리티 기업들이 전력망 안정성을 확보하고 있습니다.
There are many nuclear energy stocks available to investors, but only a small handful are actively involved in the design and production of small modular reactors, or SMRs. Research from Bank of America suggests that rising energy demand from the artificial intelligence sector will spur a renaissance in nuclear energy, creating a $10 trillion opportunity. SMRs will play a pivotal role in this expansion. “Amid surging electricity demand, driven in part by the rise in AI/data centers, nuclear energy offers a potential solution,” the bank concludes. “And new advancements in technology may now make the tipping point in sight for small modular reactors (SMRs) to reshape nuclear energy supply chains over the next decade.”
Currently, only a few SMR systems are in commercial operation worldwide, though more than 80 projects are in development. While dozens of firms are working to scale SMR infrastructure, only a small fraction are publicly traded, and even fewer are primarily focused on SMRs; the remainder are typically diversified industrial conglomerates. Oklo Inc and NuScale Power stand out as two of the most popular pure-play SMR stocks on the market today. However, another SMR-focused business may soon conduct an initial public offering, allowing the public to purchase shares for the first time.
According to reports, Westinghouse Electric—a major SMR developer backed by uranium miner Cameco Corp and renewable energy investors Brookfield Renewable Partners—is preparing for a potential IPO. Although the company traces its origins to 1886, the original entity bears little resemblance to today’s operations, which are exclusively dedicated to nuclear energy. Notably, Westinghouse Electric operates completely independently from Westinghouse Air Brake Technologies Corporation, a separate firm that serves the freight rail and passenger transit markets.
Like Oklo and NuScale Power, Westinghouse Electric’s growth opportunity lies in developing new, clean energy infrastructure capable of generating large, reliable power loads for both the AI sector and electric utilities at large. As Forbes notes, “Electricity demand is rising, artificial intelligence has turned access to power into a strategic issue, and governments are once again treating nuclear energy as an essential part of national energy policy.” The publication adds that “Westinghouse appears positioned to benefit. Its technology supports reactors around the world, its services are embedded across the nuclear fleet, and its AP1000 reactor has become central to several proposed new-build programs.”
Westinghouse Electric has yet to determine how many shares it will sell or settle on a potential offering price, leaving the company’s valuation uncertain. While there is no guarantee the company will proceed with a public listing, current reporting indicates that an IPO remains the objective, contingent upon prevailing market conditions. According to The Wall Street Journal, “Westinghouse and its owners last year signed an agreement with the Commerce Department that will see the U.S. government arrange financing and facilitate approvals for at least $80 billion in nuclear reactors powered by Westinghouse technology.”
In the broader regulatory landscape, NuScale Power remains the only company approved by U.S. regulators to build an SMR system. Both Oklo and Westinghouse Electric are currently navigating the application process. Oklo has secured a robust pipeline of data center customers, while NuScale is concentrating on utility-scale systems, supported by a $25 billion government subsidy allocated to its financing partner, ENTRA1. Westinghouse Electric’s strategic approach will likely mirror NuScale Power’s, particularly given its substantial $80 billion in government-backed support. Further operational and financial details will be disclosed once a formal IPO prospectus is filed.