nuclear power Archives - Learners Live

Nuclear Power Could Be a $10 Trillion Industry That ‘Holds the Answer to the World’s Power Shortages’

William Attardi on September 23, 2025

Nuclear energy represents a $10 trillion potential market opportunity that could hold “the answer to the world’s power shortages,” according to a new report from Bank of America. To meet the growing demand for global electrification stoked by energy-intensive projects like the data centers underpinning the AI arms race, global nuclear capacity will have to triple by 2050, the firm estimated. Investment is expected to reach more than $3 trillion in the next 25 years. Small Modular Reactors, or SMRs are typically designed to produce around 500 megawatts or less of energy compared to a traditional nuclear power plant’s 1,000 MW or more. Unlike traditional nuclear power plants that may take years — if not decades — to bring online, SMRs are cheaper and faster to build, with “modular” parts that can be mass-produced and slotted together on an assembly line. Nuclear power could be a $10 trillion industry that ‘holds the answer to the world’s power shortages’

DOE Announces Accelerated Siting of Data Centers

William Attardi on May 29, 2025

Oak Ridge National Laboratory (ORNL) and Elementl Power have teamed up to advance a data-driven siting approach for advanced nuclear projects. The work started through a U.S. Department of Energy (DOE) GAIN voucher and contributed to Elementl’s recent agreement with Google to prepare three U.S. sites for advanced nuclear deployment. Each site would have at least 600 megawatts of capacity and would likely be used to power large-scale data centers. Nuclear energy can provide around-the-clock abundant and reliable electricity, making it an attractive solution to meet rising energy demand from AI and data centers. Google will provide early-stage capital to develop three sites for advanced reactor projects with final technology selection and site confirmation pending further development milestones. DOE Announces Accelerated Siting of Data Centers – electrifiED

N.J. Explores Nuclear Strategy for Energy Goals

William Attardi on May 10, 2025

New Jersey is projected to need as much as 10 gigawatts of clean, firm energy capacity by 2035 to maintain system reliability and meet the state’s clean electricity goals. The New Jersey Board of Public Utilities has initiated a request for information to evaluate the possible role new nuclear power plants could have in meeting the state’s energy objectives. The RFI seeks insights into how nuclear can support growing energy demands, particularly from large consumers like AI data centers. New Jersey BPU eyes potential for new nuclear | Utility Dive

The Push to Triple Global Nuclear Energy by 2050

William Attardi on April 8, 2025

In recent years, the world has faced unprecedented growth in energy demand caused by digitalization, the development of artificial intelligence, electric vehicles, and other energy-consuming technologies. In an attempt to handle this challenge, Amazon, Meta, and Google — top stock gainers during previous years — as well as 14 leading banks and financial institutions, energy suppliers, and representatives of heavy industry, have joined forces to achieve the ambitious goal of tripling global nuclear power capacity by 2050. The World Nuclear Association initiated this program — for the first time, companies not directly involved in nuclear energy have publicly supported scaling nuclear power plants to meet their needs. Powering the Future: The Push to Triple Global Nuclear Energy by 2050 – Programming Insider

DOE Green-Lights $57M Loan to Restart Michigan Nuclear Plant by Francisco “A.J.” Camacho

William Attardi on March 18, 2025

The Department of Energy has approved a $57 million loan disbursement to restart the Palisades Nuclear Plant in Michigan, marking the first financial commitment from the Trump administration for nuclear revival. DOE’s disbursement is part of an existing $1.52 billion loan guarantee aimed at restoring the 800-megawatt facility, which, if successfully restarted, would be the first U.S. commercial nuclear reactor to resume operations after being shut down. DOE green-lights $57M loan to restart Michigan nuclear plant – E&E News by POLITICO

Will Nuclear Power Be the Answer for Data Centers’ Voracious Energy Needs? by John Caulfield

William Attardi on March 14, 2025

The need to balance energy demands with carbon footprint reduction goals is motivating Big Tech companies to explore nuclear as an alternative power source. That is what’s motivating Big Tech companies—which pumped more than $180 billion into data center expansions and related infrastructure in 2024, according to the research firm Dell’Oro Group—to turn to nuclear as a future alternative power source. Several companies have struck strategic investment agreements to secure their access to this cleaner power, and to support the development and potential commercialization of advanced nuclear reactors. Will nuclear power be the answer for data centers’ voracious energy needs? | Building Design+Construction

Constellation Energy Awarded More Than $1B in Government Contracts

William Attardi on January 7, 2025

Constellation Energy signed two contracts awarded by the U.S. General Services Administration (GSA) worth more than $1 billion. The contracts are to supply power to more than 13 government agencies and perform energy savings and conservation measures at five GSA-owned facilities in the Washington, D.C. region. One of them is a 10-year, $840 million contract, the largest in GSA history. Through this contract, Constellation will supply more than 1 million megawatt hours of nuclear energy annually to various government agencies beginning in 2025. The second is a $172 million contract to enhance energy efficiency. decrease emissions and save on energy costs at five government facilities through upgrades like LED lighting, electric boilers, heat pumps, upgraded HVAC and building control equipment. Constellation Energy awarded more than $1B in government contracts – Daily Energy Insider