Part 1: A New Nuclear Age Emerges

Goldman's Nuclear and Uranium Theses

A New Nuclear Age Emerges

Backdrop: Trump Signs Executive Orders to Revitalize U.S. Nuclear Sector

President Trump has signed a series of executive orders marking a decisive shift in U.S. nuclear energy policy. The directives aim to streamline regulatory procedures, fortify domestic supply chains, and accelerate the development and deployment of advanced nuclear reactors. The policy package represents a deliberate federal effort to reverse decades of stagnation in the U.S. nuclear sector and reestablish strategic control over nuclear energy infrastructure.

Central to the initiative is the invocation of the Defense Production Act, under which the administration has formally declared a national emergency over U.S. reliance on foreign—specifically Chinese and Russian—uranium supplies. The executive action cites vulnerabilities not only in enriched uranium procurement, but also in processing capabilities and other critical inputs required for reactor construction and operation. ¹

The announcement also followed the release of Goldman Sachs’ "The Nuclear Playbook for Energy Transition," a research note published just ahead of the policy unveiling. The report outlines that bank’s structural investment thesis surrounding nuclear power’s role in the energy transition. It is now considered essential reading for investors positioning around the reallocation of capital toward strategic energy resilience.

GoldFix has broken down and distilled this mammoth metal’s report into 3 sections focusing on: Nuclear’s Re-Emergence, the Global Uranium supply/demand situation, and equities best positioned to benefit according to the bank.

Here is Part 1 focusing on Nuclear’s Re-Emergence