There’s been a significant push, especially in the European Union (EU) and the United States (US), to promote increased investments in new nuclear power as a strategy to decarbonize economies. In Europe, new nuclear power plants are being planned in several countries, including France, Czechia, Hungary, Poland, Bulgaria, Slovenia, Sweden, and the United Kingdom. The focus of the article is primarily on the US and Europe, not on China, where the dynamics of nuclear energy profitability are different due to government-set electricity prices and subsidized capital costs.