Stifel becomes latest financial institution to join World Nuclear Association

Issued Friday 6 February 2026

World Nuclear Association is proud to announce that Stifel’s European platform, a leading sector-focused growth investment bank, has officially joined as our newest member. Membership underscores the increasing engagement between the finance community and nuclear industry.

Stifel recently hosted the latest session of the Association’s Financing Nuclear Briefing Series (FNBS) at their Cheapside offices in London, bringing together financiers, analysts, and industry leaders to examine nuclear’s real cost of capital from the perspective of market practitioners. Their active engagement in nuclear finance dialogue underscores the value they bring as a new member of the Association.

During the recent FNBS session hosted at Stifel, Sama Bilbao y León, Director General of World Nuclear Association, remarked: “As the global nuclear industry works to at least triple global nuclear capacity by 2050, we recognise that engagement with the finance community is essential to raise investment across the full nuclear value chain. Stifel joining the Association highlights our efforts to turn policy momentum into delivery action, by sharing knowledge across sectors to demystify nuclear for investors and scale at the pace global energy systems now demand.”

“Stifel is committed to facilitating the access to high-capital requirements of the nuclear sector, which is now being seen by many financial institutions as an essential component for delivering clean, reliable, baseload power, including meeting the surging energy demands of emerging AI technologies” said Pierre Gaulier, Managing Director, Energy Transition, Stifel Investment Banking.

“Hosting the recent Financing Nuclear Briefing Series highlighted the importance of strengthening collaboration between industry and finance to unlock the financing necessary for nuclear power to thrive” said Alex Boyce, Head of Capital Solutions, Stifel Investment Banking.

Boyce, joined expert panellists at the FNBS session to discuss how market practitioners view nuclear’s cost of capital. Discussions at the briefing emphasised that the nuclear sector is at a unique moment, with major energy users signalling urgent demand for long-term, clean, reliable power for the energy transition.

A full summary of the Financing Nuclear Briefing Series session hosted by Stifel is available here.

Stifel joins a growing cohort of financial institutions engaging proactively with the nuclear sector as global policy, market signals and investor appetite converge around the need to triple nuclear capacity by 2050.

Their participation enhances the Association’s expanding financial sector membership, complementing engagement from banks, insurers, analysts, and market practitioners across the entire nuclear value chain.

Background Notes to Editors

> Nuclear generation reached an all-time high of 2667 TWh in 2024. This helped avoid 2.1 billion tonnes* of carbon dioxide emissions from equivalent coal generation — enough to wipe out the carbon footprint of the entire global aviation industry nearly twice over. Nuclear energy provides 9% of global electricity production, the second largest source of clean electricity after hydropower.

> Announced plans and targets across 50 country governments for new nuclear build would deliver 1446 GWe of nuclear capacity by 2050 if combined with extending the operations of existing reactors up to 80 years and construction of reactors currently planned and proposed. With almost all existing reactors expected to remain in operation, nuclear capacity is projected to reach 502 GWe by 2030, driven mainly by the completion of reactors already under construction.

> The World Bank and other Multilateral development banks have revised lending policies to include nuclear energy projects, and 16 major financial institutions have affirmed their support for the goal to triple global nuclear capacity by 2050.

About Stifel

Stifel Financial Corp. (NYSE: SF) is a diversified financial services firm providing wealth management, commercial and investment banking, trading, and research services to individuals, institutions, and municipalities. Founded in 1890 and headquartered in St. Louis, Missouri, the firm operates more than 400 offices across the United States and in major global financial centers. As a firm where success meets success, Stifel works closely with retail and institutional clients aiming to transform opportunities into achievement.

To learn more about Stifel, please visit the Company’s website at www.stifel.com
For global disclosures, please visit www.stifel.com/investor-relations/press-releases

About World Nuclear Association Membership

World Nuclear Association is the international organization that represents the global nuclear industry. Its mission is to promote a wider understanding of nuclear energy among key international influencers by producing authoritative information, developing common industry positions, and contributing to the energy debate, as well as to pave the way for expanding nuclear business. 

> Members of World Nuclear Association are located in 44 countries and cover all aspects of the value chain encompassing:

> All major reactor vendors.

> Nuclear utilities providing 70% of world nuclear generation.

> Virtually all of the world’s uranium mining, conversion, enrichment, and fuel fabrication companies.

> Major nuclear engineering, construction, and waste management companies; and research and development organisations.

> Companies providing international services in nuclear transport, law, insurance, brokerage, industry analysis, and finance.

For more information, visit world-nuclear.org/our-association/join-us