Nuclear Renaissance
Resurgence in nuclear power development driven by decarbonization, AI power demand, and policy support post-2020.
Marked by hyperscaler PPAs, IRA tax credits, and 10+ GW new capacity announcements. US restarts like Palisades (800 MW, 2025); global SMR firsts in 2028. Stock gains: nuclear ETFs up 50%+ in 2024.
Why it matters now
Nuclear renaissance peaks 2025-2026 with data center deals, SMR NRC approvals, and HALEU production ramps. Positions nuclear for 20%+ US generation share.