Amazon Just Signed a 20-Year Nuclear Power Deal. Here's the 1 Industrial Stock That Benefits Most.
This company-specific news is just a sampling of a much bigger, broader trend.
Overview
If there were any doubt that AI data center owners/operators are serious about using nuclear power to shore up their energy supply, Alphabet and Amazon just erased it.
Last week, the e-commerce powerhouse made a 20-year commitment to purchase electricity from Constellation Energy's (NASDAQ: CEG) Calvert Cliffs Clean Energy Center in Maryland. Then, early this week, Google's parent company Alphabet made a separate-but-similar 20-year deal with Constellation to purchase nuclear-generated power from 11 different facilities in Illinois, Pennsylvania, and New Jersey.
Details
Read between the lines: The tech industry knows that nuclear energy will feature prominently in its future mix of power sources, largely because it's proven, scalable, and ready to go right now.
Source
Originally published at www.fool.com.