Nuclear power, and recommissioning
STORIES OF TRANSFORMATION: As demand grows for a reliable base load of zero carbon electricity, nuclear has come back into the picture. After years of stagnation, investors and governments are now looking to expand existing capacity, and reopen old plants.
The demand for dependable, zero-emission electricity has reignited interest in nuclear power. After a period of stagnation, both investors and governments are now exploring opportunities to expand existing nuclear capacity and reinstate previously closed plants. Energy Capital Partners (ECP), a firm that entered the nuclear sector in 2013 through the acquisition of EnergySolutions, a nuclear services business, is now returning to the industry with a fresh perspective.
In an interview, Drew Brown, a partner at ECP, discussed the company's decision to reinvest in nuclear power. Brown explained the changes that have occurred since their last involvement in the sector in 2013 and outlined their new investment thesis. He also discussed how ECP plans to create value in the nuclear market, as well as their strategy for hedging against a potential nuclear downturn.
Brown further elaborated on how nuclear power competes with other energy sources and highlighted the opportunity in recommissioning old plants. This presents a significant chance for ECP to generate substantial value in the recommissioning sector.
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