Over the past 12–18 months, Tech giants and U.S. utilities have ramped up investments in alternative power sources—particularly nuclear energy and on-site natural gas fuel cells—to address the growing power needs of data centers. Recent deal announcements (Meta with Vistra/Oklo/TerraPower and AEP with Bloom Energy) underscore an accelerating trend, reinforcing Powering AI and Nuclear Power…
Just months after President Donald Trump signed a series of executive orders aimed at reigniting the U.S. nuclear energy sector and initiating the construction of 10 new reactors by 2030, U.S. companies are already moving rapidly on this front. Two major announcements in the last couple of days underscore that momentum: Clean energy developer Brookfield…
According to Bloomberg, U.S. Energy Secretary Chris Wright is urging the Federal Energy Regulatory Commission (FERC) to grant expedited reviews for data-center grid connections. Under the draft rule, reviews would be capped at 60 days, compared with the years such approvals currently take. If adopted, the measure would mark another step in the Trump administration’s…
U.S. Energy Secretary Chris Wright stated yesterday at the International Atomic Energy Agency’s annual conference that the United States is “furiously at work” to rebuild its nuclear fuel supply chain and called for a significant increase in strategic uranium reserves. Data from the IAEA highlight the urgency: U.S. uranium inventories cover only about 14 months…
Cameco announced last night a cut to its production guidance for the McArthur River mine, one of the world’s largest and highest-grade uranium deposits. Output is now expected at 14–15 million lbs in 2025, down from the previous 18 million lbs target, as operations were hampered by development delays and the timing of ground freezing.…
The largest U.S. electric capacity auction, run by grid operator PJM— which serves roughly 20% of the U.S. population — cleared at $329.17/MW-day last night. That’s a 22% increase over last year’s record and well above market expectations. PJM’s capacity auctions determine how much electric utilities will be paid in exchange for committing to provide…
Constellation Energy, the largest operator of nuclear power plants in the U.S., announced yesterday that its Three Mile Island / Crane nuclear facility in Pennsylvania—shut down in 2019 for economic reasons—will restart operations in 2027, nearly a year ahead of schedule. As a reminder, Constellation disclosed in September last year that it would bring the…
After Amazon and Microsoft last year, Meta has become the third hyperscaler to secure a long-term nuclear power supply agreement to support its AI infrastructure. Starting in June 2027, Meta will purchase the full output of Constellation Energy’s Clinton nuclear plant in Illinois—a facility that had previously been slated for closure—under a 20-year deal. This…
On Friday, President Donald Trump signed a series of executive orders designed to reignite the U.S. nuclear energy sector. These orders instruct the Nuclear Regulatory Commission to streamline the licensing process and cut regulatory red tape for new reactors and power plants—a timely move as U.S. electricity demand is forecast to reach record highs in…
In line with President Trump’s policy, the US House of Representatives yesterday passed a budget bill that basically kills the Inflation Reduction Act (IRA)—a cornerstone of the Biden administration’s clean energy agenda and a key source of subsidies for renewable energy projects over the past few years. While the original draft proposed a gradual phase-out…