Big tech firms like Amazon are actively speaking with utility companies to build artificial intelligence data centers powered by clean, reliable nuclear energy. This move aligns with the 'Next AI Trade' investing theme, which was introduced to pro-subs in early April.
Greater load demands are projected in the coming years due to AI data centers, electrification of the economy, and reshoring efforts. Recent estimates from North American Electric Reliability Corporation forecast that electricity growth over the next five years will increase from 2.6% to 4.7%, driven by major utilities revising up their estimates. Source NERC - 2022 Long-Term Reliability Assessment as of December-2022. Grid Strategies - The Era of Flat Power Demand is Over as of December-2023.
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