AMAZON, GOOGLE AND META SUPPORT TRIPLING OF NUCLEAR CAPACITY BY 2050 - FT
AMZN, GOOGL, and META have joined a push to triple global nuclear power capacity by 2050, signing a pledge alongside Occidental, Dow, and other major energy buyers. The statement, coordinated by the World Nuclear Association, aims to encourage governments and utilities to ramp up nuclear expansion to meet rising electricity demand and climate goals.
Amazon, which invested over $1 billion in nuclear last year, called accelerating new reactors critical for U.S. energy security. Meta, which has issued a tender for up to 4GW of nuclear power in the 2030s, said utilities need regulatory clarity and long-term buyers to move forward with large-scale projects.
Since COP28 in 2023, eight new nuclear reactors have come online worldwide, with construction starting on twelve more. Japan is targeting a nuclear share of 20% by 2040, and Italy is laying the groundwork to reintroduce nuclear power.
Despite growing momentum, challenges remain. Small modular reactors (SMRs) are still facing technical, regulatory, and funding hurdles, and energy leaders caution that new nuclear projects may not be commercially viable until at least 2035.