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Nuclear energy stocks hit record highs on surging demand from AI.
Amazon and Google deals to deploy small modular reactors are latest step in sector’s revitalisation
Shares in nuclear energy companies surged to record highs this week after Amazon and Google struck landmark power supply deals, boosting efforts to deploy the first small modular reactors (SMRs) in the US. But this week’s euphoria around nuclear energy, and small reactors in particular, masks significant risks in deploying a new generation of technology that has been prone to delays and cost overruns in the past, warn critics. “The euphoria is a little bit overblown,” said Andres Gluski, chief executive of AES, the largest corporate renewables developer, which has signed 5.8GW of power purchase agreements with Google, Microsoft and Amazon.
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