Nuclear and geothermal energy sectors are experiencing a resurgence, fuelled by the escalating energy demands of data centres powering artificial intelligence. These carbon-free resources are gaining traction due to their capacity to deliver consistent, round-the-clock electricity.
Big Tech companies are increasingly investing in nuclear power purchase agreements and next-generation geothermal solutions to meet the energy-intensive needs of AI. Geothermal's ability to provide both electricity and cooling without straining existing grids makes it particularly appealing. Small modular reactors (SMRs) and advancements in geothermal technology are also attracting significant interest and investment.
This shift towards nuclear and geothermal reflects a broader trend of seeking reliable, low-carbon energy sources to support the rapid expansion of AI and data centre infrastructure. Policy support, including tax credits and streamlined permitting, is deemed crucial for scaling these green energy projects and meeting the surging power demands of the AI revolution.
