Hyperscaler Nuclear Deals
Agreements between nuclear developers and hyperscale data center operators like Microsoft, Google, and Amazon for dedicated nuclear power supply. Focus on reliable, zero-emission energy for high-demand computing.
These deals often involve restarting idled plants or deploying SMRs, with capacities from 300 MW to multi-GW. Notable examples: Amazon's 320 MW PPA with Talen Energy's Susquehanna plant and Google's SMR commitments with Kairos. They provide revenue certainty amid regulatory hurdles.
Why it matters now
Hyperscaler deals accelerate nuclear renaissance in 2025-2026, funding projects amid data center power needs exceeding 100 GW globally. They bypass intermittency of renewables and tie into PTC/ITC incentives.