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

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’

Scaling Intelligence: The Exponential Growth of AI’s Power Needs

The rapid advancement of artificial intelligence (AI)—particularly the training of large-scale “frontier models”—is driving renewed growth in electricity demand. This report analyzes the technical drivers of AI power consumption, projects future demand trajectories for individual training sites and broader AI needs, and highlights energy sector implications. Their analysis found not only that the power demands of AI have increased steadily, but also that they will keep increasing. While training large, advanced AI models currently requires between 100 and 150 megawatts each, they are projected to require more than four gigawatts apiece by 2030.This Product is publicly available at Electric Power Research Institute (EPRI): Scaling Intelligence: The Exponential Growth of AI’s Power Needs

The Push to Triple Global Nuclear Energy by 2050

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

NEMA Releases Grid Reliability Study

The National Electrical Manufacturers Association (NEMA) has released its new study on grid reliability, “A Reliable Grid for an Electric Future”, which focuses on challenges we face with electric demand, consumption and production over the next 25 years. The study highlights U.S. electricity demand outlook to 2050 and outlines technology and policy solutions to meet demand growth. Two key drivers behind the demand will be data centers and EV charging. To prioritize grid reliability and ensure our electrical infrastructure can adapt to surging demand and the integration of renewable energy, we can’t build capacity fast enough. We need to invest in a suite of innovative near-term technologies to meet demand growth and prioritize policy and regulatory certainty to deliver a reliable and affordable energy system. makeitelectric.org Study at: pa-nema-grid-flexibility-study.pdf

2025’s Energy Crossroads: 6 Trends Redefining the Global Power Sector

The report prominently highlights new uncertainties embedded in volatile shifts in power demand and supply dynamics, an ever-more urgent need for grid modernization, and the growing precariousness of supply chains amid geopolitical tensions.

    1. Electricity Demand Is Set to Skyrocket. Can the Grid Keep Up?
    2. Energy Security Ever-More Dependent on Electricity.
    3. Pressure Is Mounting to Sustain Adequate Power Supply.
    4. Natural Gas Demand Rising, but Long-Term Role Uncertain.
    5. Supply Chain Risks—the Achilles’ Heel of the Clean Energy Transition.
    6. China Is Now an Undeniable Influential Powerhouse.

Sonal Patel is a POWER senior editor.

2025’s Energy Crossroads: 6 Trends Redefining the Global Power Sector

 

 

The Genesis of the U.S. Space Force – On December 20, 2019, President Donald Trump signed the National Defense Authorization Act (NDAA) for Fiscal Year 2020, officially creating the United States Space Force, a new and independent branch of the U.S. military. The establishment of the Space Force marked a historic shift in how the U.S. views and manages its military operations in space, reflecting the growing importance of space as both a domain of strategic competition and national security. The Space Force is tasked with ensuring the U.S. maintains its superiority in space, focusing on both the defense of space assets and the development of offensive capabilities. Its mission includes:

  1. Space Operations: Overseeing space-based systems, such as satellites, that provide essential services to the U.S. military, including communication, reconnaissance, and missile defense.
  2. Space Security: Protecting U.S. space infrastructure from threats, including anti-satellite weapons, cyberattacks, and other potential forms of disruption by adversarial nations.
  3. Space Research and Development: Developing and deploying cutting-edge space technologies, including space-based defense systems, that ensure the U.S. maintains an edge in space exploration and military operations.
  4. Supporting National Defense: Integrating space capabilities into broader national defense strategies, ensuring that U.S. forces can operate effectively in space as part of a multi-domain approach to warfare.

The Space Force is designed to streamline and strengthen the U.S. military’s space operations, which were previously under the purview of the U.S. Air Force. By separating space operations into a distinct branch, the government hoped to increase focus on space as a critical area of national defense and enhance the U.S. military’s ability to respond to emerging threats. Source: Day in History