Nuclear energy sector expansion and investment

The nuclear energy sector is experiencing a period of technological testing and increased investment, driven largely by the rising electricity demands of data centers and electrification.

In the United States, Lightbridge Corporation has secured a position to test its advanced nuclear fuel technology at the Idaho National Laboratory. This testing aims to enhance reactor safety and economics for both existing light-water reactors and new small modular reactors (SMRs). Concurrently, a survey of 21 American utilities indicates plans for 33.6 GW of new nuclear generation over the next 15 years, with many companies looking to extend the operation of existing units for up to 100 years.

Investment in U.S. nuclear startups has risen to $4.6 billion this year, with significant interest directed toward SMRs due to their ability to be fabricated off-site and deployed in smaller footprints. While the World Nuclear Association projects that power production could triple by 2050, experts note that widespread commercialization of new technologies may not occur until approximately 2035 due to regulatory complexities, high costs, and supply chain challenges. Currently, only two new commercial reactors are under construction in the United States and Canada.