Major companies such as Amazon and Google on Wednesday signed a pledge to support the goal of at least tripling the world's nuclear energy capacity by 2050, on the sidelines of the CERAWeek conference in Houston.

Major technology and energy companies have pledged to support wider use of nuclear power, as surging demand from data centers and factories outpaces current availability.

Four energy stocks power gains for the S&P 500 as the market endures another tough week. Amazon, Google, more make nuclear energy pledge.

Tech giants including Amazon, Meta Platforms, and Google have signed on to a nuclear industry pledge to support tripling nuclear power capacity by 2050.

Google recently signed a deal to purchase nuclear energy from multiple SMRs from Kairos Power. Kairos expects to deploy the first SMR by 2030, followed by further deployments through to 2035. In total, the US-only deal covers up to 500MW across six to seven reactors.

Signing onto the goal aligns the interests of Big Tech and the nuclear industry behind an artificial intelligence-driven industrial expansion.

The latest initiative builds on the commitment made by more than 30 countries, which also set a goal to triple capacity by 2050 in 2023. Nuclear energy, a clean power source, acco

A group of major energy users have signed a pledge to support tripling global nuclear power capacity by 2050. Nuclear power is seeing a resurgence in popularity thanks in part to significant growth in power demand due to AI.

Among companies and banks pledging their support Wednesday to increase the world’s nuclear energy capacity — Amazon, Meta, Google, Goldman Sachs, Morgan Stanley and Bank of America.