Tech giants like Amazon, Alphabet, Microsoft, and Meta Platforms turn to nuclear energy for AI power.
From Nasdaq: 2024-12-20 11:32:00
Artificial intelligence (AI) is driving innovation but faces an energy crisis. Gartner predicts 40% of AI data centers will face power shortages by 2027. Companies turn to nuclear energy for sustainable power. Amazon, Alphabet, Microsoft, and Meta Platforms lead this shift towards nuclear energy in 2025, enhancing AI capabilities and promoting a greener future.
Amazon actively supports nuclear energy by investing in Small Modular Reactors (SMRs) and partnering with energy companies to power data centers with clean energy. Amazon’s commitment to nuclear energy development reflects its focus on reliable and sustainable energy sources. The company’s stock has shown positive growth, with a 46.9% increase year to date.
Alphabet, the parent company of Google, partners with Kairos Power to procure 500 MW of nuclear energy from SMRs by 2025. This move aligns with Alphabet’s goal to power its data centers with clean and scalable energy solutions. The company’s stock has risen by 35% year to date, showcasing investor confidence in its strategic initiatives.
Microsoft enters a 20-year agreement with Constellation Energy to revive the Three Mile Island nuclear plant in Pennsylvania, aiming to provide carbon-free electricity for its expanding data centers. This investment in nuclear energy reflects Microsoft’s commitment to sustainable power solutions. The company’s stock has risen by 16.3% year to date, indicating positive market sentiment.
Meta Platforms plans to identify nuclear energy developers to add 1-4 GW of new nuclear generation capacity in the U.S. by the early 2030s. This initiative aligns with Meta’s goal to support its data centers with clean energy and contribute to a sustainable energy future. The company’s stock has shown significant growth, with a 68.2% increase year to date.
Read more at Nasdaq: Nuclear Energy is Preferred to Power AI: 4 Tech Giants to Gain in 2025