Former Secretary of Energy Rick Perry is a charismatic speaker – and he has the resume to back it up…

He attended Texas A&M University before serving in the U.S. Air Force. After that, Rick won a seat in the Texas House of Representatives in 1984… and then, in 1990, the election for Texas’ agriculture commissioner. Ten years later, he was in the governor’s mansion.

Most recently, he served as U.S. Secretary of Energy under President Donald Trump.

I saw Rick speak at the Stansberry Conference in Las Vegas last week… And at this year’s event, he shared the perspective he’d gained on America’s energy future from his perch in the nation’s highest energy office.

His message ran counter to today’s global energy consensus. Investors may be wise to hear him out…

When he was governing in the mid-2000s, Rick persuaded companies to grow their profiles in Texas. He pulled in major businesses, including Toyota Motor, Caterpillar, and Tesla.

At the Department of Energy, Rick’s job was the same. He traveled the world… and sold U.S. energy to other countries.

Today, Rick thinks there’s a major mistake in the energy market: the focus on renewable energy…

To be clear, Rick does support wind and solar energy. In fact, he led the charge to bring wind energy to the Lone Star State after he took office in the early 2000s.

More than 50% of Texas’ grid is renewable today. But that change was no match for the demands of a modern energy grid…

You probably remember the 2021 Texas power crisis. That February, a series of winter storms froze the Southeast. And it caused the worst power crisis in Texas history.

As Rick explained to the audience last week, the U.S. energy grid is in serious need of innovation. Specifically, we need more “baseload power.”

“Baseload” is the minimum amount of electric power a grid needs to function day to day. And as America’s energy needs grow, we’ll need more baseload power to ensure a stable grid.

But Rick notes that this boost in the baseload won’t come from renewable energy. It will come from nuclear power.

This trend is already starting…

As of this year, Amazon, Alphabet, and Microsoft are pouring billions of dollars into “small modular reactors” (“SMRs”) for use in their warehouses and data centers.

SMRs are nuclear reactors shrunk down to a much smaller scale. They’re designed in a factory. They’re shipped to buildings and businesses. And they power operations on-site.

SMR technology is still in its infancy. But this technology could define America’s clean, abundant energy future. And with the new race to develop the tech, a game-changing energy innovation is likely on the way.

In fact, the International Energy Agency (“IEA”) has scouted this trend already.

The IEA is among the world’s top international energy-policy advisories. And the group made a bold call in January. As it wrote then…

Clean sources of generation are set to cover all of the world’s additional electricity demand over the next three years.

The agency expects an all-time high in nuclear-power generation in 2025. It also found that energy-sector emissions have likely peaked and are entering decline, thanks to renewable energy… and nuclear power.

In short, the energy future is brighter than the consensus view today. And Rick asserts that some of the biggest action in the coming years will be in nuclear power.

That’s a reality most investors are unprepared for… but you don’t have to be.

Good investing,

Sean Michael Cummings

Strange change at your bank [sponsor]
At least 41 major US banks have just made a drastic change to the way money in America works. It could have some major implications for you, your money and your retirement. But it's crucial you understand what's happening, before these changes get applied to your bank account. Here's everything you need to know.

Source: Daily Wealth