Matthew Mittelsteadt
@mattinthemittel.bsky.social
Fellow at Mercatus Center I AI and cyber policy | Computer Scientist | Living in the east but forever a Minnesotan ❄️.
For more, check out my recent substack post: digitalspirits.substack.com/p/the-nuclea...
The Nuclear Option
How Tariffs Could Disrupt America's Energy Future
digitalspirits.substack.com
December 13, 2024 at 2:33 PM
For more, check out my recent substack post: digitalspirits.substack.com/p/the-nuclea...
The U.S. exports electricity to Canada as well, but overall we are a net importer taking in more than double the energy we export to our northern neighbor.
December 12, 2024 at 3:24 PM
The U.S. exports electricity to Canada as well, but overall we are a net importer taking in more than double the energy we export to our northern neighbor.
8/8 The bottom line: blanket tariffs aimed at border security could inadvertently kneecap nuclear power expansion, threatening AI development & clean energy. Blanket trade burdens will yeild untold negatives for competing administration priorities. Complex problems demand precise solutions.
December 11, 2024 at 6:39 PM
8/8 The bottom line: blanket tariffs aimed at border security could inadvertently kneecap nuclear power expansion, threatening AI development & clean energy. Blanket trade burdens will yeild untold negatives for competing administration priorities. Complex problems demand precise solutions.
7/8 For AI/data centers one possible result is lowering innovation expectations/investment. Anther possible outcome is pushing corporations to dirtier alternatives. Exxon's new push into natural gas powered data centers is one such alternative future. www.nytimes.com/2024/12/11/b...
Exxon Plans to Sell Electricity to Data Centers
The country’s largest oil company is designing a natural gas power plant outfitted with carbon capture technology to meet the voracious power demand of technology companies.
www.nytimes.com
December 11, 2024 at 6:39 PM
7/8 For AI/data centers one possible result is lowering innovation expectations/investment. Anther possible outcome is pushing corporations to dirtier alternatives. Exxon's new push into natural gas powered data centers is one such alternative future. www.nytimes.com/2024/12/11/b...
6/8 Potential results: Nuclear plants might face 20%+ fuel cost increases. Some predict possible shutdowns within 18 months if alternate supplies aren't found. Such shock could sew long run price increases/uncertainty.
December 11, 2024 at 6:39 PM
6/8 Potential results: Nuclear plants might face 20%+ fuel cost increases. Some predict possible shutdowns within 18 months if alternate supplies aren't found. Such shock could sew long run price increases/uncertainty.
5/8 Trump's proposed 25% tariff on Canada throws a massive wrench into these political and economic winds. These tariffs combined with the Russia/China restrictions mean within just 6 months 39% of US uranium supply would face new trade barriers.
December 11, 2024 at 6:39 PM
5/8 Trump's proposed 25% tariff on Canada throws a massive wrench into these political and economic winds. These tariffs combined with the Russia/China restrictions mean within just 6 months 39% of US uranium supply would face new trade barriers.
4/8 Canada is now the key: today it provides 27% of US uranium imports & the State Department has centered it as the primary supplier in the just announced US-led "Sapporo 5" nuclear fuel alliance. www.state.gov/the-united-s...
The United States Announces Key Measures to Jump Start Deployments of Advanced Nuclear Energy Systems and to Secure Nuclear Fuel Supply Chains, Accelerating the Contribution of Nuclear Energy to Net Z...
Today, at the UN Climate Change Conference in Dubai, United Arab Emirates (COP28), U.S. Under Secretary of State for Arms Control and International Security Bonnie Jenkins and U.S. Export-Import Bank ...
www.state.gov
December 11, 2024 at 6:39 PM
4/8 Canada is now the key: today it provides 27% of US uranium imports & the State Department has centered it as the primary supplier in the just announced US-led "Sapporo 5" nuclear fuel alliance. www.state.gov/the-united-s...
3/8 As demand rises, uranium supply is already being squeezed. A recent congressional ban on Russian/Chinese uranium (includes 20-25% fuel ready uranium) is suddenly jolting supply. In late November, Russia added pressure with new export controls of its own. www.reuters.com/markets/comm...
Russia restricts enriched uranium exports to the United States
Russia has imposed restrictions on the export of enriched uranium to the United States, the government said on Friday, creating supply risks for U.S. nuclear power plants which last year imported a quarter of their enriched uranium from the country.
www.reuters.com
December 11, 2024 at 6:39 PM
3/8 As demand rises, uranium supply is already being squeezed. A recent congressional ban on Russian/Chinese uranium (includes 20-25% fuel ready uranium) is suddenly jolting supply. In late November, Russia added pressure with new export controls of its own. www.reuters.com/markets/comm...
2/8 Tech giants are turning to nuclear to power AI & data centers. Meta, AWS, Google & Microsoft all making big nuclear power moves. New political momentum including Biden's Advance Act and Trump's pro-nuclear stance is also upping demand. The result: Uranium prices soared 233% in 5 years.
December 11, 2024 at 6:39 PM
2/8 Tech giants are turning to nuclear to power AI & data centers. Meta, AWS, Google & Microsoft all making big nuclear power moves. New political momentum including Biden's Advance Act and Trump's pro-nuclear stance is also upping demand. The result: Uranium prices soared 233% in 5 years.