AES Corporation CEO Andrés Gluski said the"euphoria" over nuclear power has been a"little overblown."
Some Wall Street analysts have predicted a nuclear renaissance as power demand increases thanks to artificial intelligence, data centers, re-industrialization and the electrification of the vehicle fleet. Nuclear provides reliable, carbon-free energy, though new projects have long lead times and are expensive.
Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weekly"The Street got ahead of it saying you're not going to build renewables, it's all going be nuclear," Gluski said."It's going to be natural gas and renewables, but the bulk of it's going to be renewables," the CEO said.is 54% renewables, 27% natural gas, and 17% coal.
Goldman Sachs estimates that power demand from data centers will more than double to 8% of total U.S. electricity consumption by 2030, according to an April report. The investment bank sees natural gas supplying 60% of the demand growth, and renewables 40%.
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