Nuclear & Clean Power Renaissance

The world needs to double its electricity output by 2040 and there's no path to get there without nuclear. Microsoft signed a deal to restart Three Mile Island for AI data center power. Google contracted small modular reactors from Kairos. Amazon is buying nuclear-powered campuses. U.S. electricity demand is growing for the first time in two decades — driven by AI data centers, EV charging, and manufacturing reshoring — and renewables alone can't deliver the 24/7 baseload these loads require. Nuclear is the only carbon-free source that runs at 90%+ capacity factor around the clock. This strategy owns the full clean power stack: the nuclear utilities generating the electrons (Vistra, Constellation), the uranium miners and enrichment companies fueling the reactors (Cameco, LEU, Uranium Energy), the next-generation reactor builders designing the future of nuclear (Oklo, NuScale), and the solar, grid, and transmission companies filling the gaps. When clean energy policy, infrastructure spending, or rising electricity demand are driving the sector forward, this strategy rides the momentum. When conditions weaken, it rotates into gold and Treasuries rather than sitting through a drawdown. It's a bet that the energy transition isn't optional — it's a grid emergency — and nuclear is the baseload backbone the world is finally ready to build again.