The announced expansion comes as the US races to provide huge amounts of electricity for AI data centers, with nuclear power emerging as one of the big winners. The Trump administration is pushing to quadruple output from nuclear plants which will require a leap in uranium fuel production to meet the challenge.
The nuclear power industry is booming. With electricity demand surging, dozens of nations have set a goal of tripling the world’s capacity by 2050. And the US, which has the biggest fission fleet, is pushing to quadruple output from its reactors.
BlackRock Inc.’s Global Infrastructure Partners LP and EQT AB agreed to buy AES Corp. for about $10.7 billion in cash as the market heats up for power plant developers that can provide electricity for energy-hungry AI data centers.
The Trump administration on Wednesday closed a $26.5 billion loan package for Southern Co. power projects in Georgia and Alabama amid rising concern about electricity price affordability and electricity-thirsty data centers.
Standard Nuclear Inc., a uranium startup, raised $140 million to boost production of fuel for advanced reactors in an effort to expand the US energy supply chain amid surging interest in fission power.
US efforts to develop artificial intelligence systems and the nuclear-energy infrastructure needed to power them are comparable to the World War II initiative to build the first atomic bomb, according to Fermi Inc., a power-plant developer planning a massive data-center campus in Texas.
One Nuclear Energy LLC has agreed to go public through a merger with a blank-check company in a deal that valued the developer of nuclear and natural gas power plants at about $1 billion on an equity basis.
Nano Nuclear Energy Inc. has no revenue, no license from the US Nuclear Regulatory Commission and no operating power plant. Yet investors have driven its valuation past $2.3 billion, a figure that may be built more on optimism than fundamentals.
Alphabet Inc.’s Google has agreed to purchase 200 megawatts of power from Commonwealth Fusion Systems’ planned first commercial plant, which is expected to begin delivering electricity to the grid in the early 2030s.
Constellation Energy Corp. agreed to sell power from an Illinois nuclear plant to Meta Platforms Inc. as artificial intelligence sends power demand soaring.
The owner of the shuttered Three Mile Island nuclear plant in Pennsylvania will invest $1.6 billion to revive it, agreeing to sell all the output to Microsoft Corp. as the tech titan seeks carbon-free electricity for data centers to power the artificial intelligence boom.
A month after the US offered $1.5 billion to restart one shuttered nuclear power plant, there’s a growing sense among officials in the industry and government that it may not be the last.
The breakthrough in nuclear fusion is likely to spark investment in the technology that could transform the global energy landscape with nearly limitless clean energy.
Economists like to strip food and energy out of their inflation calculations. They’re too volatile to be meaningful, they say. But for everyday Americans coping with exploding prices, those items are pretty much all they care about right now.
U.S. coal prices surged to the highest in more than 12 years, threatening to bloat America’s already soaring electricity bills and signaling the dirty fuel isn’t get phased out anytime soon.
After languishing at historical lows for the better part of the last decade, uranium suddenly came back from the dead.
