"Global data center power demand will quadruple over the next decade, driven by AI data center training and inference that run nonstop. Energy needs will climb from roughly 400 terawatt-hours in 2024 to more than 1,600 terawatt-hours by 2034."
"Nuclear can supply the cheap, reliable power AI data centers require. However, building commercial-scale facilities still takes years due to regulatory reviews and construction timelines."
"The demand surge will arrive far sooner than the new supply, explaining why shares of three high-profile nuclear developers have dropped sharply from their October peaks."
Global data center power demand is projected to increase from 400 terawatt-hours in 2024 to over 1,600 terawatt-hours by 2034, primarily due to AI. Existing energy grids cannot meet this demand alone. Nuclear power is identified as a key source for reliable, carbon-free energy. However, the construction of commercial-scale nuclear facilities will take years, leading to a supply-demand gap. Consequently, shares of several nuclear developers have declined despite the long-term potential of nuclear energy.
Read at 24/7 Wall St.
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