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Nuclear Energy Poised for $10 Trillion Boom as SMRs Gain Traction
Nuclear Energy Poised for $10 Trillion Boom as SMRs Gain Traction
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BTCCSquare news:
Bank of America projects nuclear energy could evolve into a $10 trillion industry, driven by surging global electricity demand—particularly from AI data centers. Global nuclear capacity may need to triple by 2050, requiring over $3 trillion in investments. Small modular reactors (SMRs) are emerging as a game-changer, offering faster deployment and lower costs compared to traditional plants.
NuScale Power, the sole U.S. firm with an approved SMR design, targets its first reactor by 2030. Oklo, backed by OpenAI's Sam Altman, aims for 2027. Both companies have seen explosive stock rallies this year, reflecting investor Optimism about SMRs' role in meeting future energy needs.
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