2 Nuclear Stocks Worth Buying as AI and Geopolitics Drive Demand for Power
Nuclear energy is back. And these stocks are positioned to win.
2 Nuclear Stocks Worth Buying as AI and Geopolitics Drive Demand for Power
Overview
For most of the past two decades, utilities companies have faced the challenges of extreme weather, aging infrastructure, and decarbonization goals. None of those problems have gone away, but lately another has been added: supplying enough electricity to power warehouses of computers training artificial intelligence (AI).
The amount of power these warehouses, or data centers, will need is staggering. According to the International Energy Agency (IEA), global electricity consumption for data centers is expected to more than double by 2030. That would be 945 terawatt-hours (TWh) annually, or roughly the amount of electricity the nation of Japan consumes today.
Details
Meeting that demand will require an enormous build-out of generating capacity. The challenge isn't simply producing more electricity but producing it reliably, around the clock, without adding carbon emissions. Few sources of power meet that description better than an old favorite: nuclear power.
Source
Originally published at www.fool.com.
