Duke Energy is negotiating with major technology hyperscalers to co-fund its nuclear power expansion. The utility proposes that tech firms share the financial risks of constructing new, high-cost reactors.
These energy-intensive companies would become primary customers to power their expanding data center networks. This arrangement secures a guaranteed, long-term revenue stream for Duke's multi-billion dollar projects.
The utility aims to bring this new nuclear generation online by the mid- to late-2030s. This capacity will help Duke Energy meet soaring electricity demand from the technology sector.