Tech giants Google, Microsoft, Amazon, and Meta are securing long-term power purchase agreements to meet artificial intelligence energy demands. These companies are financing Small Modular Reactors (SMRs) and restarting dormant nuclear plants to power growing data center fleets.
Direct investment from the tech sector has pushed uranium prices to their highest levels in over a decade. Google is currently supporting a nuclear plant restart in Iowa and a power deal in Finland.
Microsoft has backed the restart of a reactor at Three Mile Island. These strategic shifts provide the stable, carbon-free baseload power required for energy-intensive AI computations.