From Yahoo Finance, September 18:
Nuclear energy represents a $10 trillion potential market opportunity that could hold "the answer to the world's power shortages," according to a new report from Bank of America.
To meet the growing demand for global electrification stoked by energy-intensive projects like the data centers underpinning the AI arms race, global nuclear capacity will have to triple by 2050, the firm estimated. Investment is expected to reach more than $3 trillion in the next 25 years.
"This potential [for nuclear energy] has more momentum than before," Timothy Fox, managing director at ClearView Energy Partners, told Yahoo Finance. "There are data centers looking for firm and dispatchable and clean generation, and nuclear power can cover that."
Rising demand, combined with strong support from the Trump administration and a public narrative turning positive after years of a dour outlook on the sector, has given a share price boost to companies operating throughout the nuclear sector supply chain in 2025.
"In many ways," Bank of America analysts wrote, "nuclear energy has been 'rediscovered' amid surging electricity demand ignited by the rise of AI/data centers, building electrification, industrial growth, and EV."
"Nuclear power is a proven technology that can provide reliable, cheap, clean, and safe power as a bridge to renewable sources if/when they become ready at a larger scale."
According to Bank of America, the answer to meeting this demand amid a "rediscovery" of nuclear's potential benefits may lie in what the bank calls "one of the most consequential energy technologies for the next 25 years": small modular reactors, or SMRs.
SMRs are typically designed to produce around 500 megawatts or less of energy compared to a traditional nuclear power plant's 1,000 MW or more. Unlike traditional nuclear power plants that may take years — if not decades — to bring online, SMRs are cheaper and faster to build, with "modular" parts that can be mass-produced and slotted together on an assembly line....
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