Nuclear energy represents a $10 trillion potential market opportunity that could hold "the answer to the world's power shortages," according to a new report from Bank of America.
To meet the growing demand for global electrification stoked by energy-intensive projects like the data centers underpinning the AI arms race, global nuclear capacity will have to triple by 2050, the firm estimated. Investment is expected to reach more than $3 trillion in the next 25 years.
"This potential [for nuclear energy] has more momentum than before," Timothy Fox, managing director at ClearView Energy Partners, said. "Data centers are looking for firm, dispatchable, and clean generation, and nuclear power can cover that."
Rising demand, combined with strong support from the Trump administration and a public narrative turning positive after years of a dour outlook on the sector, has given a share price boost to companies operating throughout the nuclear sector supply chain in 2025.
