U.S. Plows $900M into Nukes, But Private Sector Will Drive Most of the Growth

The U.S. Department of Energy has committed $900 million to develop small modular nuclear reactors — known as Generation III — as part of the 2024 Consolidated Appropriations Act. However, Doug McIntyre suggests this funding is unlikely to be a particularly big driver of nuclear power’s growth; instead, private companies, such as tech giants Google and Microsoft, will drive a majority of nuclear advancements due to their need for reliable power for burgeoning AI and data centers.