Big AI Tech Companies are Scrambling to Invest In Nuclear Power, Fueling US Nuclear's Growth [Yahoo! Finance]
US NUCLEAR CORP Common stock (UCLE)
NASDAQ:AMEX Investor Relations:
usnuclearcorp.com/investor-relations
Company Research
Source: Yahoo! Finance
many to invest heavily into the nuclear power market to help power their data centers. As a top provider to nuclear power plants and fusion power startups, this nuclear power revival will fuel US Nuclear's (OTC-QB: UCLE) growth. Nuclear power currently accounts for about 19% of energy production domestically, and 10% globally. However, demand for nuclear power is projected to double or even triple by 2050, requiring up to 800 GW of new nuclear power plants. Artificial intelligence is growing at lightning speeds, but will require tremendous amounts of energy, with some figures estimating that these servers could consume 85 terawatt hours per yearmore than what many small countries use annually. The transitioning to electric vehicles is already straining the power grid. As a result, many tech firms, especially AI firms, are rushing to invest heavily in nuclear power. Helion Energy, a fusion energy startup, has raised over $600 million with the help of Sam Altman, the CEO of OpenAI w
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News
- US Nuclear Forced to Expand Its Ohio Production Floor and Shipment Volume to Keep Up With the Surge of Incoming Orders [Yahoo! Finance]Yahoo! Finance
- US Nuclear Forced to Expand Its Ohio Production Floor and Shipment Volume to Keep Up With the Surge of Incoming OrdersGlobeNewswire
- S&P 500 Nuclear Energy Stocks Prices Surge 800% on Largest U.S. Power GridGlobeNewswire
- Pacific Northwest Hydrogen Association Granted Phase 1 Award Status from U.S. Department of Energy [Yahoo! Finance]Yahoo! Finance
- Why AI Needs Nuclear Power Plants and Why They Need US Nuclear Corp [Yahoo! Finance]Yahoo! Finance
UCLE
Sec Filings
- 8/16/24 - Form NT
- 8/1/24 - Form 10-Q
- UCLE's page on the SEC website