Big Tech boosts interest in small nuclear reactors as market outlook improves

Big Tech's interest in small modular reactors (SMRs) is growing, driven by the need for carbon-free energy to support AI. Amazon and Google recently announced significant investments in SMR projects, marking a shift in the market's outlook. Morgan Stanley reports that the potential market for SMRs could expand by two to five gigawatts by 2035, largely due to demand from tech companies. This could translate to 6 to 17 new reactors, depending on their size. Currently, investment options in SMRs are limited. Companies like NuScale and Oklo are gaining attention, but their stocks are volatile. GE Vernova is also involved, planning to start construction on an SMR in Ontario next year.