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Major Companies Pledge to Triple Global Nuclear Energy Capacity by 2050
Tech Giants and Industry Leaders Join the Initiative
During the CERAWeek conference in Houston on March 12, 2025, major corporations, including Amazon, Google, Meta, and Dow, committed to supporting the goal of tripling the world’s nuclear energy capacity by 2050. This initiative, facilitated by the World Nuclear Association (WNA), aims to enhance energy security, meet growing demand, and contribute to climate change solutions.
The Current State of Nuclear Energy
Nuclear power currently generates about 9% of the world’s electricity from 439 reactors. In 2023, over 30 countries had already pledged to triple their nuclear capacity by 2050.
The Role of Big Tech in Nuclear Energy
The increasing energy consumption of data centers, especially with the rise of artificial intelligence, has driven tech companies to explore nuclear power.
- Amazon has invested over $1 billion in nuclear energy projects, including small modular reactors (SMRs).
- Google has signed agreements to power its data centers with SMRs, signaling a shift toward nuclear solutions to meet energy needs.
Challenges Facing Nuclear Expansion
While SMRs offer benefits such as lower costs and faster deployment compared to traditional reactors, several obstacles remain:
- High initial costs and financial risks
- Regulatory hurdles slowing deployment
- Competition from other energy sources like natural gas and renewables
- Concerns about uranium supply, radioactive waste, and safety
The Future of Nuclear Energy
With support from major corporations, nuclear energy is poised for expansion. Their backing is expected to drive policy, financial, and regulatory changes to accelerate the growth of nuclear power worldwide.
“Major Companies Pledge to Triple Global Nuclear Energy Capacity by 2050” “Major Companies Pledge to Triple Global Nuclear Energy Capacity by 2050”