• The nuclear phaseout has left Germany heavily dependent on gas for baseload energy.
• European gas prices have surged +60% since the Iran war, triggering another energy shock.
• German electricity prices are now ~4x higher than France, which relies on nuclear.
• High energy costs are hurting industry and slowing economic growth projections.
• Germany’s GDP growth forecast cut to ~0.6% for 2026, nearly half prior expectations.
• Other EU countries (France, Sweden, Poland) are expanding or extending nuclear capacity.
Germany is now considering participation in new nuclear technologies (SMRs, fusion) rather than restarting old plants.
⚡ Stocks aligned with this shift: Supply Chain Infrastructure and Next-Gen reactors
Nuclear Infrastructure / Supply Chain
• GE Vernova ($242 Billion Valuation)
→ Turbines, grid, nuclear systems
→ Picks & shovels of the nuclear + energy transition.
Next-Gen / High Beta Nuclear
• Nano Nuclear Energy ($1 Billion Valuation)
→ Microreactors / portable nuclear
→ Very high risk / high reward early-stage play.
