World Stock Watch

Nuclear Power Surges as Tech Giants Seek Sustainable Energy Solutions

The race to power the future of artificial intelligence and data centers is heating up, and nuclear energy is emerging as a top contender. Oklo, a California-based nuclear power company, has seen its shares skyrocket by 150% in just a month, with a year-to-date increase of nearly 50%. This remarkable surge is largely driven by the growing interest of tech giants in nuclear power as a sustainable energy solution.

A New Era of Clean Energy

Oklo’s innovative approach to nuclear power is centered around its Aurora powerhouse, capable of producing 15 megawatts of electrical power. This cutting-edge technology has the potential to scale up to 50 megawatts and operate for ten years or longer before refueling is required. With three project sites already underway, Oklo is poised to play a significant role in the global transition to clean energy.

Microsoft Leads the Charge

The recent power purchase agreement between Microsoft and Constellation Energy has sent shockwaves through the industry. This 20-year deal will restart the Unit 1 reactor at Three Mile Island, marking a significant milestone in the adoption of nuclear power. As a result, Constellation’s shares have risen by 36% in the past month, with a year-to-date increase of 138%. The Crane Clean Energy Center, expected to come online by 2028, will add a substantial 800 MW of carbon-free electricity to the power grid.

Google Joins the Nuclear Revolution

Hot on the heels of Microsoft’s announcement, Google has revealed its own plans to purchase nuclear energy from small modular reactors developed by Kairos Power. This groundbreaking agreement marks the world’s first corporate deal of its kind, with Google expecting to bring Kairos Power’s first SMR online by the end of the decade. As the tech giants continue to drive innovation in nuclear power, one thing is clear: the future of sustainable energy has never looked brighter.