Key Points
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The International Energy Agency forecasts that data centers, driven by artificial intelligence (AI), will more than double their electricity consumption to 945 terawatt-hours by 2030.
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Nuclear power is identified as the only scalable, carbon-free solution to meet AI’s continuous energy demands, unlike solar and wind power.
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Exchange-traded funds (ETFs), such as the Global X Uranium ETF, provide diversified exposure to the nuclear fuel supply chain, simplifying investment in the sector.
Data centers in the U.S. currently consume about 2% to 4.4% of the nation’s energy, with power demands projected to increase by 165% by 2030 as AI technology expands. Companies like Microsoft and Meta Platforms are exploring nuclear power as a viable energy source for their future operations.
The Global X Uranium ETF holds $3.8 billion in assets and offers diversified exposure across 48 holdings in uranium mining and nuclear technologies, with a year-to-date return of 50.1% as of July 2025. The fund maintains an expense ratio of 0.69%, making it a cost-effective investment option in a complex sector.
