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Big Tech is driving a nuclear power revival, energy guru Dan Yergin says [Video]

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AI Behavioral Targeting

Nuclear power may be making a comeback in the U.S. after years of setbacks — and big tech is the driving force.

As tech giants like Microsoft, Amazon and Google compete to take the lead in the AI revolution, the data centers needed to power the burgeoning technology consume an ever-increasing amount of energy.

In the last two months, those three companies have penned deals to generate more nuclear power — perhaps most notably, Microsoft struck a 20-year agreement with Constellation Energy to restart a reactor at Three Mile Island in Pennsylvania, the site of the most serious nuclear meltdown in U.S. history in 1979. The reopening is planned for 2028.

Speaking to CNBC at the annual International Monetary Fund meetings in Washington, long-time energy market veteran Dan Yergin described the turnaround as nothing short of extraordinary.

“It’s amazing, the change. The nuclear industry was in the doldrums,” Yergin told CNBC’s Karen Tso on Tuesday, …

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