Trump administration to offer states deals to host nuclear waste - Reuters

[Modern Powerplant producing heat]
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The Trump administration will seek interest from U.S. states as soon as this week on storing nuclear waste [https://www.reuters.com/business/energy/us-offer-states-deals-host-nuclear-waste-source-says-2026-01-21/] in return for incentives to build nuclear reactors, Reuters reported Wednesday, but the Department of Energy said no decisions have been made.

Overcoming local opposition to waste storage is considered critical to achieving the administration's ambitious nuclear expansion goals, which include quadrupling U.S. nuclear power capacity to 400 GW by 2050 to help meet surging electricity demand.

Radioactive and toxic nuclear waste currently is kept onsite at nuclear power plants, first in spent fuel pools and then in concrete and steel casks.

A plan several years ago had focused on Nevada's Yucca Mountain as a single repository for all U.S. waste, but former President Obama stopped the project due to local opposition.

President Trump touted nuclear power at the World Economic Forum in Davos on Wednesday, saying the fuel can be developed at "good prices" and be safe despite his own previous concerns.

Trump's remarks helped lift most nuclear-related stocks, as Cameco (CCJ [https://seekingalpha.com/symbol/CCJ]), Denison Mines (DNN [https://seekingalpha.com/symbol/DNN]), Uranium Energy (UEC [https://seekingalpha.com/symbol/UEC]), NuScale Power (SMR [https://seekingalpha.com/symbol/SMR]), Oklo (OKLO [https://seekingalpha.com/symbol/OKLO]), Lightbridge (LTBR [https://seekingalpha.com/symbol/LTBR]), Nano Nuclear Energy (NNE [https://seekingalpha.com/symbol/NNE]), NexGen Energy (NXE [https://seekingalpha.com/symbol/NXE]) and BWX Technologies (BWXT [https://seekingalpha.com/symbol/BWXT]) all finished higher.

ETFs: (NLR [https://seekingalpha.com/symbol/NLR]), (URA [https://seekingalpha.com/symbol/URA]), (URNM [https://seekingalpha.com/symbol/URNM])

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* Uranium 2026: Why I'm Switching ETFs, From URA To NLR [https://seekingalpha.com/article/4857861-uranium-2026-why-im-switching-etfs-from-ura-to-nlr]
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