Demand for energy has never been higher—the U.S. Energy Information Administration estimated that the United States' total power demand for 2024 was 4.1 trillion kilowatt-hours (kWh), a record, and estimates for 2025 are even larger.

Energy storage company Energy Vault and nuclear power start-up NuCube Energy disclosed a partnership on Wednesday.

Nuclear reactors take a long time to build and Big Tech will use gas power to bridge the gap and meet its energy demands.

Shares of NuScale Power ( SMR 13.81%) are flying today. The stock is up 12.7% as of 1:45 p.m. ET., but gained as much as 14.5% earlier in the day. The upward movement comes as the S&P 500 and the Nasdaq Composite were up 1% and 4%, respectively.

Oklo (OKLO 7.51%), and Nano Nuclear Energy (NNE 5.55%) all rose today after a report from the International Energy Agency (IEA) was released. Cameco,

The demand for electricity to power AI data centers is skyrocketing, placing immense pressure on traditional energy sources.

"Nuclear power is emerging as a preferred solution to meet the growing energy demands of data centers, particularly for AI and high-performance computing applications. Tech companies are the largest occupiers of data center space, and they have among the most aggressive net zero targets."

One of the factors driving the rising appetite for nuclear power is the stunning growth of AI, which relies on data centers requiring a huge amount of energy. Last year brought new interest from tech giants looking to nuclear as a potential solution to the AI power crunch.

Researchers from Skoltech and the Institute of High Temperature Electrochemistry of UB RAS have developed and tested a model based on machine learning that predicts the properties of molten salts. These compounds are already used in metallurgy and hold promise for resolving the problem of mounting nuclear waste.

The UK is planning special districts for constructing data centers and will explore dedicating nuclear energy to the sites as part of a Labour government project to boost technology growth and the ecosystem for artificial intelligence.

More than a nuclear power station’s worth of electricity will be needed to meet surging demand for artificial intelligence (AI), experts have warned, as Sir Keir Starmer unveils plans for a data centre blitz.

President Biden's executive order addresses the race to build domestic data centers and clean energy plants in order to retain America's AI leadership.