Interest in nuclear energy is on the rise, with tech giants like Microsoft, Alphabet, and Amazon recently securing nuclear power deals to support the high energy needs of AI data centers. While the technology behind AI is advancing quickly, one of its biggest challenges is finding reliable, cost-effective energy to fuel vast data operations. With its potential for high energy output, nuclear power offers a promising solution, drawing the attention of influential investors like Microsoft co-founder Bill Gates. Gates has invested over $1 billion into TerraPower, a private company focused on small modular reactors (SMRs), which he sees as essential for achieving sustainable energy in AI development.
For those looking to invest in public companies, NuScale Power, a developer of SMRs, presents a similar opportunity. Founded in 2007, NuScale specializes in modular reactors capable of producing 77 megawatts of power through its NuScale Power Module (NPM) and is developing the VOYGR plant, which can house up to 12 NPMs. Unlike solar or wind farms, NuScale’s reactors require far less space, making them an efficient choice for high-demand power in limited areas. Further, NuScale is currently the only SMR company with a design approval from the U.S. Nuclear Regulatory Commission (NRC).
Despite setbacks, including the cancellation of an Idaho project due to budget issues, NuScale’s close connection with Fluor, a major engineering firm and its primary shareholder, offers advantages in infrastructure, customer outreach, and financial support. While high risk remains—NuScale has yet to generate significant revenue—its strong alliances, innovative technology, and potential market for AI-driven power needs may attract risk-tolerant investors.
From a conservative standpoint, nuclear energy’s resurgence highlights the importance of energy independence and technological innovation. Supporters see nuclear energy as not only a solution to climate and energy challenges but as a pathway to strengthen national energy security. With rising demand from sectors like AI, NuScale and similar firms may play a crucial role in establishing a stable, homegrown power supply for America’s future industries.
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