As demand for electricity surges due to artificial intelligence and hyperscale data centers, the United States is witnessing a structural power deficit. This has prompted technology firms to form partnerships to revitalize nuclear power, with companies like Vistra Corp. securing unprecedented 20-year power purchase agreements (PPAs) to supply energy directly to giants such as Meta Platforms and Amazon.
In January 2026, Vistra Corp. finalized a significant 2.6-gigawatt PPA with Meta, securing energy output from three of its nuclear assets. Additionally, Vistra signed a 1.2 GW PPA with Amazon, while Constellation Energy is restarting the Three Mile Island plant, backed by a 20-year PPA with Microsoft. These long-term contracts enhance cash flow visibility and reshape market perceptions of utility operators.
On the investment front, Brookfield Asset Management has initiated a joint venture with The Nuclear Company to explore the completion of the abandoned V.C. Summer Nuclear Units 2 and 3 in South Carolina, aiming for a revitalized nuclear landscape. Analysts project uranium prices could reach $130 per pound by late 2026, indicating a favorable market for nuclear energy amidst rising electricity demand and supportive policy frameworks.
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