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Amazon, Google, and Mark Zuckerberg’s Meta have joined a growing list of energy-intensive companies calling for governments and utilities to triple nuclear power capacity by 2050, signaling a significant boost for the nuclear industry’s revival.that tech giants Amazon, Google, and Meta have stepped forward to support the goal of tripling nuclear power capacity by 2050.
The backing from these major energy consumers comes at a critical time for the nuclear sector, which has seen a resurgence in interest as countries seek to reduce their carbon footprints and meet growing energy demands. Since the COP28 UN climate conference in November 2023, eight new nuclear reactors have been connected to grids worldwide, and construction has begun on 12 more, according to the WNA.
Despite the growing support, the nuclear industry still faces challenges, particularly in the development of next-generation technologies such as small modular reactors . While technology groups have signed numerous nonbinding memorandums of understanding with SMR developers, only a few have committed funding to projects.
However, the nuclear industry remains optimistic about its future, buoyed by rising electricity demand in advanced economies and projections from the International Energy Agency that demand will grow by three percent annually for the next decade. As countries like Japan and Italy revisit their nuclear policies, the industry is poised for significant growth in the coming years.Trump Administration Kicks South African Ambassador Out of the U.S.
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