Goldman Adds SMRs to Nuclear Model, Sees 17% Upside in Uranium Demand
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Goldman’s latest edition ofNuclear Nuggets: Global Reactor Trackerreinforces that the buildout of the cleanest and most reliable form of so-called “green” energy, nuclear power, continues to gain momentum.
The theme wefirst laid out in December 2020continues to broaden, with buildouts accelerating across both large-scale and small modular reactors, even as the growing risk of a massive uranium supply deficit emerges.
Focusing on the latest North American reactor progress and announcements: 4/16/2026 – Canada – Bruce Power has signed an MoU with SaskPower to share its experience in large-scale nuclear reactors, including project development and long-term operations, as Saskatchewan evaluates large reactor technologies alongside its SMR program.
The agreement formalizes information-sharing and aligns provincial and federal nuclear strategies.
4/24/2026 – United States – Duke Energy’s Robinson nuclear power plant has been cleared for extended operation to 80 years, after the U.S.
Nuclear Regulatory Commission completed its fastest-ever subsequent license renewal review.
The approval allows the 759 MW Robinson Unit 2 in South Carolina to operate until 2050 under new accelerated federal timelines.
NRC has approved subsequent license renewals for St.
Lucie Units 1 and 2, clearing the Florida Power & Light plant to operate for up to 80 years, with Unit 1 licensed to 2056 and Unit 2 to 2063.
The decision follows aging-management reviews for the extended operating period and secures the long-term operation of the two pressurized water reactors.
5/5/2026 – United States – Brookfield and The Nuclear Company have formed a JV to manage the potential completion of the two VC Summer AP1000 units in South Carolina, supporting due diligence and execution if the project proceeds, subject to approvals and a final investment decision.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | ▲ +0.34% |
| WTI Crude | $96.90/bbl | ▲ +0.21% |
| EN590 Diesel | $846/MT | ▲ +0.18% |
| Jet Fuel A-1 | $1090/MT | ▲ +0.55% |
| Mazut M100 | $450/MT | ▼ -0.15% |
| Bitumen 60/70 | $470/MT | ▲ +0.08% |
| Sulphur Gran 99.5% | $470/MT | ▼ -0.44% |
| Urea 46% Gran | $650/MT | ▲ +1.12% |
| NPK 16-16-16 | $460/MT | ▼ -0.28% |
| Nat Gas TTF | $15.42/MMBtu | ▲ +0.92% |
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