“`html
Data centers built to support artificial intelligence (AI) are projected to require an additional 60 to 120 gigawatts of electricity by 2030, which equates to adding Italy’s entire power consumption to the U.S. grid. This surge in demand highlights the growing need for reliable nuclear power, flexible gas generation, and expanded transmission infrastructure to support AI deployment.
Constellation Energy (NASDAQ: CEG), the largest nuclear fleet operator in the U.S. with 21 reactors producing about 22,000 megawatts of carbon-free power, is securing multi-year power purchase agreements with major tech companies like Microsoft and Meta. Meanwhile, Vistra (NYSE: VST) reported an adjusted EBITDA of $1.58 billion in Q3, as the company positions itself to meet record energy demand. Quanta Services (NYSE: PWR) saw third-quarter revenue of $7.6 billion and a record backlog of $39.2 billion, driven by accelerating demand for grid upgrades and expansion projects.
The scarcity of reliable power sources is driving premium pricing for nuclear and flexible generation, emphasizing the critical role of these companies in supporting the fast-growing AI market.
“`
