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Nuclear power is back, largely due to the skyrocketing demand for electricity, including big tech’s hundreds of artificial intelligence data centers across the country and the reshoring of manufacturing. But it returns with an old and still-unsolved problem: storing all of the radioactive waste created as a byproduct of nuclear power generation.
In May, President Trump issued executive orders aimed at quadrupling the current nuclear output over the next 25 years by accelerating construction of both large conventional reactors and next-gen small modular reactors. Last week, the U.S. signed a deal with Westinghouse owners Cameco
and Brookfield Asset Management to spend $80 billion to build nuclear plants across the country that could result in Westinghouse attempting to spinoff and IPO a stand-alone nuclear power company with the federal government as a shareholder.
There’s a growing consensus among governments, businesses and the public that the time is right for a nuclear power renaissance, and even if the ambitious build-out could take a decade or more and cost hundreds of billion of dollars, it will be an eventual boon to legacy and start-up nuclear energy companies, the AI-fixated wing of the tech industry and investors banking on their success.
