ByTsvetana Paraskova– Mar 12, 2025, 8:20 AM CDT
A group of large energy users, including technology giants Amazon, Google, and Meta, on Wednesday pledged their support to the goal of at least tripling global nuclear capacity by 2050.
The tech firms were among the founding signatories of the pledge as a cross-industry group of eight large energy users teamed up for the first time to launch a cross-sector pledge “to emphasize nuclear energy’s essential role in enhancing energy security, resiliency and providing continuous clean energy.”
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The pledge was signed on the sidelines of CERAWeek 2025, the top U.S. energy conference running in Houston this week.
The founding signatories – Amazon, Google, Meta, Dow, Occidental, Allseas, OSGE, and IHI – expect the pledge to gain more support over the coming months, reflecting growing interest in nuclear power from industries including the maritime, aviation, and oil and gas sectors.
The eight companies have come together to publicly back an extensive and concerted expansion of nuclear power to meet increasing global energy demand. They also urge other energy users to support the goal to triple nuclear energy.
With Wednesday’s pledge, the signatories join 14 major global banks and financial institutions, 140 nuclear industry companies, and 31 countries in supporting the goal to triple global nuclear capacity by 2050.
In September 2024, banks including Morgan Stanley, Goldman Sachs, Bank of America, Barclays, and BNP Paribas, recognized the key role that nuclear energy must play in the global energy transition and that improving access to financing can help unlock nuclear energy’s potential.
As energy demand is soaring with the advancements in AI, Big Tech firms are backing the development of next-generation nuclear reactors.
Renewables plus battery storage cannot meet all the growth in demand, so nuclear power has become the next best thing for Big Tech, which is looking to boost AI advancements and climate commitments at the same time.
By Tsvetana Paraskova for Oilprice.com
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