Data centers are the new oil refineries. The exponential growth of Artificial Intelligence has created a voracious appetite for electricity that renewables alone cannot feed. Solar and wind are intermittent; AI training models need 24/7 baseload power.
This has birthed an unlikely marriage between Silicon Valley and the nuclear industry. In 2026, we are seeing hyperscalers (like Meta and Google) signing long-term Power Purchase Agreements (PPAs) directly with nuclear operators. They are essentially funding the restart of dormant reactors and the development of Small Modular Reactors (SMRs).
For investors, this is a signal: Nuclear is no longer a “utility” play; it is a “tech infrastructure” play. The business case for SMRs has shifted from government-subsidized science projects to commercially critical assets required to keep the internet running.
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