TerraPower CEO Chris Levesque attributed surging nuclear power interest to hyperscaler data center companies, with his firm planning to announce a deal for a new nuclear plant this year.
The massive energy demands of artificial intelligence and cloud computing are creating fresh opportunities for nuclear power expansion in the United States.
TerraPower, an advanced nuclear reactor developer, is positioning itself to capitalize on this trend. CEO Chris Levesque told Bloomberg News that hyperscalers—major tech companies operating large-scale data centers—are actively seeking nuclear power solutions to fuel their AI infrastructure.
The company expects to announce a data center customer agreement for a new nuclear power plant in 2024. This deal would represent a significant vote of confidence from the private sector in nuclear energy's ability to meet next-generation computing demands.
Beyond securing customers, TerraPower is focused on reducing two critical barriers to nuclear expansion: construction timelines and costs. Levesque emphasized that bringing these metrics down is essential for nuclear power to become a more substantial energy source nationwide.
The shift reflects broader industry recognition that traditional renewable energy sources may struggle to meet the enormous power consumption of modern data centers and AI systems. A single large language model data center can consume as much electricity as a small city, making reliable, carbon-free baseload power increasingly attractive to major tech firms.
TerraPower's involvement in this space builds on years of research and development. The company, which counts Bill Gates among its backers, has been designing advanced reactor systems that promise safer operation and improved economics compared to conventional nuclear plants.
The announcement signals growing momentum in the nuclear sector after decades of stagnation. If hyperscalers indeed commit to nuclear-powered data centers at scale, it could reshape the U.S. energy landscape and accelerate decarbonization efforts across the tech industry.
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