In 2025, AI And Evs Gave The Us An Insatiable Hunger For Power
You may be surprised to learn electricity only accounts for 21 percent of the world’s energy consumption. Fossil fuels and the rest all play their part to make the world go around, but their role is likely to diminish no matter what happens. The International Energy Agency believes electricity’s share of global energy consumption is going to double in the next decade alone. You all know the causes: Electrification, EVs, data centers and AI mean the planet needs to dramatically increase its power generation, transmission and storage capacity. It’s a shame, then, that the world is nowhere near ready to satisfy such an outrageous surge in demand.
The US has certainly spent the year opening doors to dramatically increase domestic energy production. Part of that has to give the signal that the US will embrace nuclear power in ways it hasn’t for generations. This January, an executive order titled Unleashing American Energy included an instruction for the government to eliminate rules and regulations related to power generation. Its primary focus was to destroy environmental regulations limiting the extraction of oil, natural gas and coal, but also to remove roadblocks to the construction of new nuclear plants. Then, in May, a subsequent order declared a desire to ensure the deployment of “advanced nuclear technologies.”
As the driving force behind the AI push, big tech has made some high profile moves to buy up extra generation capacity. Meta signed a 20-year deal with Constellation to own the output of the Clinton Power Station, preserving the 1.1GW facility once its state tax credit expires next year. Microsoft has its own 20-year deal with Constellation to own the power generated by reactor 1 at Three Mile Island, now renamed the Crane Clean Energy Center. On November 18, that project was also given the backing of the Department of Energy which authorized a $1 billion loan. But even without the backing of big tech, other mothballed reactors are being restarted, like the Palisades plant in Michigan. Earlier this year, the Department of Energy handed out a $1.52 billion loan to get the facility, capable of generating 800MW, back up and running.
Big tech is also betting on the future of nuclear power, signing deals with a number of startups looking to build out a new generation of reactors. Google, for instance, has backed Kairos Power and its plan to build a series of small, modular reactors. Amazon, meanwhile, invested in X-Energy and has published plans f
Source: Engadget
