Article
Source: The Economist
Article
10.31.24
Energy partner Vince Zabielski recently wrote in a letter to the editor featured in The Economist that the rising interest in artificial intelligence is increasing demand for clean energy—especially nuclear power—and attracting investments from big tech.
In his letter, Zabielski said that the growing interest presents a significant development opportunity for the nuclear industry but will likely require innovation in the way nuclear plants are financed. As such, to meet AI’s energy needs, existing financing models must be adapted to spread the costs associated with first-of-a-kind projects over fleets comprising multiple projects.