New Delhi, September 21 (Patrika English News): Nuclear energy could represent a $10 trillion global market opportunity and provide a vital answer to the world’s rising power demand, according to a new report from Bank of America.
The report estimates that global nuclear capacity will need to triple by 2050 to meet soaring electricity needs driven by AI data centers, electric vehicles, and industrial electrification. Investments of over $3 trillion are expected within the next 25 years.
“There are data centers looking for firm, dispatchable and clean generation, and nuclear power can cover that,” said Timothy Fox, managing director at ClearView Energy Partners.
One of the fastest-growing areas is small modular reactors (SMRs), designed to generate up to 500 MW. Unlike traditional plants that take decades to build, SMRs can be mass-produced and assembled quickly. US-based NuScale Power (SMR) hopes to launch by 2030, while startup Oklo (OKLO), backed by OpenAI’s Sam Altman, targets 2027. Their shares have surged more than 100% and 350% this year, respectively.
The sector also depends on uranium supply chains, with companies like Centrus Energy (LEU), Uranium Energy Corp. (UEC), and Energy Fuels (UUUU) seeing major stock gains. The Global X Uranium ETF (URA) is up more than 65% year to date.
Analysts say nuclear is no longer a future option but a present necessity. “Nuclear power is a proven technology that can provide reliable, cheap, clean, and safe energy,” Bank of America noted, calling it one of the most consequential technologies of the next 25 years.
