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4 December 2025
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Download the full paper
SMRs don't just replace gas, they replace gas, solar and wind. If you have a SMR generator that provides 24/7 power why would you need solar and wind, why would you turn off a SMR generator to use solar or wind ?
SMRs excel in providing reliable, carbon-free baseload power, especially in regions where renewables struggle due to limited sunlight, wind and space (not Australia). They are particularly useful for replacing fossil fuels if a local industry requires consistent high energy levels (such as AI data bases) while solar and wind can be deployed in various scales making them ideal for remote or highly distributed energy needs e.g. Australia. Solar and wind could combine with SMRs providing electricity during peak demand periods (businesses mainly operate in the day, wind and storage is more consistent) reducing the need for a high reliance on SMR output. If you are over reliant on SRM’s you are also highly reliant on a consistently sourcing enriched uranium. In particular regions (e.g. Australia) solar and wind are a significantly cheaper source of electricity on a per-kilowatt-hour basis, even when considering storage systems to mitigate intermittency.
"highly reliant on a consistently sourcing enriched uranium":Natural uranium and deuterium oxide neutron moderator used in:https://en.wikipedia.org/wiki/CANDU_reactorModified CANDU Reactor SMR:https://www.sciencepg.com/article/10.11648/j.ns.20240903.11Can do Thorium too:https://inis.iaea.org/collection/NCLCollectionStore/_Public/33/011/33011302.pdf
More Australians are retiring with larger mortgages and less super. This paper explores how unlocking housing wealth can help ease the nation’s growing retirement cashflow crunch.
I’ve long seen Buffett as a flawed genius: a great investor though a man with shortcomings. With his final letter to Berkshire shareholders, I reflect on how my views of Buffett have changed and the legacy he leaves.
With investor sentiment shifting and ETFs surging ahead, we pit Australia’s biggest LICs against their ETF rivals to see which delivers better returns over the short and long term. The results are revealing.
Thoughtful tax planning is a cornerstone of successful investing. This highlights 13 legal ways that you can reduce tax, preserve capital, and enhance long-term wealth across super, property, and shares.
Retirement isn’t a clean financial arc. Income shocks, health costs and family pressures hit at random, exposing the limits of age-based planning and the myth of a predictable “retirement journey".
With rates on hold and housing demand strong, lenders are pushing boundaries. As risky products return, borrowers should be cautious and not let clever marketing cloud their judgment.
In an interview with Firstlinks, CEO Mark Freeman discusses how speculative ASX stocks have crushed blue chips this year, companies he likes now, and why he’s confident AFIC’s NTA discount will close.
The ASX's performance this year has again highlighted a persistent riddle facing investors – how to approach an index reliant on a few sectors and handful of stocks. Here are some ideas on how to build a durable portfolio.
Despite three years under the retirement income covenant, regulators warn a growing gap between leading and lagging super funds, driven by poor member insights and patchy outcomes measurement.
The ASX seems a market split in two: between the haves and have nots; or those with growth and momentum and those without. In this environment, opportunity favours those willing to look beyond the obvious.
OpenAI’s business model isn't sustainable in the long run. If markets catch on, the company could face higher borrowing costs, or worse, and that would have major spillover effects.
‘Hyperscalers’ including Google, Meta and Microsoft are fuelling an unprecedented surge in equity and debt issuance to bankroll massive AI-driven capital expenditure. History shows this isn't without risk.
Leveraged ETFs seek to deliver some multiple of an underlying index or reference asset’s return over a day. Yet, they aren’t even delivering the target return on an average day as they’re meant to do.