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U.S. government and major tech companies are backing nuclear energy expansion to support economic growth and the AI revolution. The government aims to triple nuclear power capacity by 2050, with President Trump signing an executive order to expedite this process.
On June 3, Meta announced a 20-year nuclear power deal with Constellation Energy, emphasizing the link between AI growth and nuclear energy. Meta, along with Microsoft and Amazon, are pushing for nuclear energy to power their AI needs while reducing fossil fuel reliance. Big Tech firms are projected to spend $325 billion on AI investments in 2025, contributing to a global clean energy investment forecast of $2.5 trillion.
Mirion Technologies, which specializes in radiation safety for the nuclear sector, reported a 95% stock increase in the past year, largely due to its focus on the nuclear industry. Meanwhile, Rolls-Royce has seen a 900% stock growth in the last three years as it pivots towards nuclear technology, aiming for a significant profit increase by 2028.
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