The nuclear trade has run on headlines for two years. A hyperscaler signs a PPA, a DOE loan closes, a reactor gets a permit, and the stocks move. What almost nobody publishes is the project math underneath: what it costs, who’s financing it, who’s buying the power, and what has to go right.
That’s what I’m building. The SEQH Nuclear Project Economics Engine launches November 1.
What’s in it:
- A completed underwrite every month. One project, fully worked: capex, schedule, financing, offtake, key risks. The first is Palisades, which began loading fuel on August 30 and is trying to become the first decommissioned US reactor to return to service.
- The Excel model behind it, so you can change the assumptions and run your own numbers.
- A database of 35 projects: restarts, SMRs, large reactors, enrichment plants and uranium mines.
- A weekly catalyst calendar and a monthly “What Changed” report.
How the work is done: primary sources only. SEC filings, NRC dockets, DOE releases. Every figure is date-stamped. Where a number isn’t public, it’s labeled as an assumption and the reasoning is shown.
Pricing: $150/month at launch. The first 20 members pay $99/month, locked for 12 months, get access on October 30, and vote on which project gets underwritten next.
Join the waitlist: tally.so/r/vGokK8?utm_source=substack
Mark yourself interested in a founding seat and you’ll get the checkout link before anyone else.
The daily recap isn’t changing. Research will still be delivered to Substack members. The Engine is the deeper layer for readers who want to underwrite the projects themselves.
SEQH Capital Research