Big Tech's Nuclear Gamble Could Change The Course of the Energy Transition

Microsoft recently struck a deal to restart of the Three Mile Island nuclear power plant. Google partnered with small modular reactor developer Kairos to build 500MW of generation capacity. Amazon bought stock in another SMR developer, X-energy. Big Oil loves nuclear. This could change the course of the energy transition. Until quite recently, Big Tech was fully dedicated to the energy transition in its original form, envisaging a massive buildout of wind and solar capacity to replace gas and coal as sources of electricity. Then the AI race began,…