Topline: As Amazon, Google, and Microsoft invest billions in nuclear energy, AEI’s James Pethokoukis analyzes a recent JP Morgan report on the opportunities and challenges facing efforts to expand US nuclear capacity.
Innovative Tech: Pethokoukis highlights that large tech companies are investing in small nuclear reactors (SMRs) to power their AI data centers. Compared to traditional plants, SMRs are a faster and more cost-effective way to increase nuclear power.
Challenges: Despite growing enthusiasm for nuclear energy, he notes that high construction costs, shifting public support, and limited workforce availability could stymie the nuclear revival. For example, a recent plant in Georgia cost more than $30 billion and took about 15 years to complete.
Future of Energy: While it’s difficult to forecast technology’s impact on US energy production, Pethokoukis writes, “No one said progress would be predictable. . . . That said, it’s becoming clearer every day that energy abundance, broadly, is there waiting if humanity wants it.”