Learn More about Lumida ETF
Powered by LumidaWealth.com
Lumida News
  • Home
  • EarningsNEW
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Macro
    • Markets
    • Real Estate
  • Lifestyle
    • Family Office
    • Health and Longevity
  • Themes
    • Aging & Longevity
    • AI
    • CRE
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
  • About Us
No Result
View All Result
Lumida News
  • Home
  • EarningsNEW
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Macro
    • Markets
    • Real Estate
  • Lifestyle
    • Family Office
    • Health and Longevity
  • Themes
    • Aging & Longevity
    • AI
    • CRE
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
  • About Us
No Result
View All Result
Lumida News
No Result
View All Result
  • Lumida Wealth
  • Lumida Ledger
  • LUMIDA ETF
  • About Us
Home News Markets

Nuclear-Powered Data Centers: The Next Big Thing?

by Team Lumida
May 24, 2024
in Markets, Nuclear Renaissance
Reading Time: 3 mins read
A A
0
Share on TelegramShare on TwitterShare on FacebookShare on LinkedinShare on Whatsapp

Key Takeaways

  1. White House endorses nuclear energy, including SMRs, for sustainable data centers.
  2. AWS leads with a 960 MW data center connected to a nuclear plant.
  3. New SMR technology promises safer, scalable, and reliable power for data centers.

What Happened?

The White House Office of Science and Technology Policy has officially endorsed nuclear power, including small modular reactors (SMRs), as a sustainable energy source for data centers. At Data Center World 2024, Assistant Director Rian Bahran emphasized the increasing energy consumption of data centers, which account for 1-2% of annual US energy use.

Amazon Web Services (AWS) has already acquired a 1,200-acre site in Pennsylvania, connected to a 2.5 GW nuclear plant, and plans to expand its data center capacity to 960 MW. Bahran highlighted that nuclear power provides a stable and firm backbone, complementing renewables like wind and solar.

Why It Matters?

The endorsement marks a significant shift in energy policy, opening doors to reversing the trend of closing nuclear power facilities. This move addresses the growing power demands of data centers, especially with the rise of AI technologies. Nuclear energy offers a reliable and carbon-free solution, supporting job creation and emissions reduction.

The Inflation Reduction Act and state-level actions have made nuclear power economically competitive, evidenced by the $1.5 billion commitment to repower the Palisades nuclear plant in Michigan. Nuclear power is now seen as essential for maintaining grid stability and meeting future energy needs.

What’s Next?

Expect an increase in data centers located near nuclear plants, with AWS and other hyperscalers likely announcing similar plans. SMRs will play a pivotal role, with 2 GW of new-build nuclear projects expected over the next five years. Companies like Standard Power and NE Edge are already planning to deploy multiple SMRs.

The nuclear fleet’s recommissioning will ensure a continued clean energy supply, with modernized plants operating for decades. The next few years will see a blend of large-scale nuclear facilities and smaller, modular reactors powering data centers, making nuclear energy a cornerstone of sustainable tech infrastructure.

Source: Datacenterknowledge
Previous Post

Banks Target Risky Private Credit: What Investors Need to Know

Next Post

JP Morgan’s Bold Move into Private Credit

Recommended For You

Alphabet’s $200 Billion Capex Forecast Spooks Investors — Stock Falls 4% After-Hours Despite Red-Hot Cloud Revenue

by Team Lumida
2 days ago
Alphabet $GOOGL Q2 2024 Results

Google parent Alphabet raised its capital expenditure forecast to a range extending past $200 billion while reporting Q2 earnings, sending the stock down more than 4% in after-hours...

Read more

Wall Street’s Trading Bots Are Already Wired Into Trump’s Truth Social — Executing Positions in Milliseconds

by Team Lumida
2 days ago
stock market candlestick chart on dark screen

Major investment firms have built automated systems to monitor Truth Social, detect key terms in Trump's posts, and initiate or cancel positions in a fraction of a second...

Read more

Tesla’s $5.8 Billion Capex Quarter Sends Free Cash Flow Negative for First Time in Two Years — Earnings Miss, Stock Falls

by Team Lumida
2 days ago
blue coupe parked beside white wall

Tesla spent $5.8 billion in Q2 — sending free cash flow negative for the first time in two years despite a revenue surge — as CEO Elon Musk...

Read more

Private-Equity Assets Trapped in ‘Zombie Funds’ Hit Record $348.5 Billion — 100x the 2005 Level

by Team Lumida
3 days ago
close-up photo of monitor displaying graph

The net asset value of US private equity assets stuck in funds at least 10 years old reached an all-time high of $348.5 billion at the end of...

Read more

GM Beats Forecasts and Pivots to Big Trucks and Defense as Trump Policy Reshapes Its Strategy

by Team Lumida
3 days ago
white and black suv on gray asphalt road under blue and white sunny cloudy sky during

General Motors raised its full-year profit forecast and reported higher revenue despite declining car sales, as the company doubles down on its largest, most profitable vehicles and launches...

Read more

BlackRock Leads $12 Billion Financing for Meta’s 1-Gigawatt Texas Data Center — The Largest Private AI Infrastructure Deal Yet

by Team Lumida
3 days ago
Is BlackRock the New Leader in Alternative Investments?

BlackRock is leading a debt sale targeting at least $12 billion for its El Paso, Texas data-center project backed by Meta Platforms, with BlackRock holding an 80% stake...

Read more

Gold Is Down 22% Since the Iran War Started

by Team Lumida
3 days ago
stacked gold bullion bars

Gold has fallen 22% since US-Iran hostilities began on February 28, a counterintuitive decline for an asset marketed as a hedge against geopolitical instability and inflation — driven...

Read more

The Pentagon Is Starting to Buy From Defense-Tech Startups — But It’s Not Replacing the Old Guard

by Team Lumida
4 days ago
Pentagon Expands Chinese Military Company List, Adding Tech and Industrial Giants

Defense Secretary Pete Hegseth has rewritten Pentagon procurement rules and delivered on his promise to direct billions toward defense-tech startups — but a surging overall defense budget means...

Read more

China Built Enough Battery Storage to Power Texas and California — In Five Years. Now It Controls 90% of the US Market.

by Team Lumida
5 days ago
China’s Bold Economic Moves: What You Need to Know Now

China has built grid-scale battery storage capacity equivalent to powering all of Texas and California on a peak summer day in just five years, and Chinese suppliers now...

Read more

Citi Says the Magnificent Seven Is Dead — Here’s What Replaces It

by Team Lumida
5 days ago
city buildings during night time

Citigroup strategist Scott Chronert says the Magnificent Seven framework is "no longer relevant" for assessing the US AI trade, recommending investors instead focus on a broader "growth cluster"...

Read more
Next Post
a tall building with many windows

JP Morgan's Bold Move into Private Credit

Ether.fi Hits Record $5.4B TVL Amid ETF Approval Buzz

Ether.fi Hits Record $5.4B TVL Amid ETF Approval Buzz

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Related News

Nvidia’s Stock: Is It Too Good to Be True Now?

AI Giant Nvidia’s Stunning Selloff: Short Sellers Cash In

June 26, 2024
stacked gold bullion bars

Gold Breaks Below $4,000 as Hawkish Fed and Dollar Strength End Three-Year Bull Run

June 25, 2026
Why Lower Mortgage Rates Still Haven’t Made Homes Affordable

Why Lower Mortgage Rates Still Haven’t Made Homes Affordable

November 10, 2025

Subscribe to Lumida Ledger

Browse by Category

  • Lifestyle
    • Family Office
    • Health and Longevity
    • Next Gen Wealth
    • Trust, Tax, and Estate
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Latest
    • Macro
    • Markets
    • Real Estate
  • Research
    • Trackers
  • Themes
    • Aging & Longevity
    • AI
    • Biotech
    • CRE
    • Cybersecurity
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
    • Software
Facebook Twitter Instagram Youtube TikTok LinkedIn
Lumida News

Premium insights to help you invest beyond the ordinary. Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser

CATEGORIES

  • Aging & Longevity
  • AI
  • Alt Assets
  • Biotech
  • CRE
  • Crypto
  • Cybersecurity
  • Digital Assets
  • Equities
  • Family Office
  • Health and Longevity
  • Latest
  • Legacy Brands
  • Lifestyle
  • Macro
  • Markets
  • News
  • Next Gen Wealth
  • Nuclear Renaissance
  • Private Credit
  • Real Estate
  • Software
  • Themes
  • Trackers
  • Trust, Tax, and Estate

BROWSE BY TAG

AI AI chips Amazon Apple Artificial Intelligence Banking Bitcoin China Commercial Real Estate CPI Crypto data centers Donald Trump EARNINGS ELON MUSK ETF Ethereum Federal Reserve financial services generative AI Goldman Sachs Google India Inflation Intel Interest Rates Investment Strategy Japan Jerome Powell JPMorgan Markets Meta Microsoft Nasdaq Nvidia OpenAI private equity S&P 500 SEC stock market Tech Stocks tesla Trump Wells Fargo Whale Watch

© 2025 Lumida Wealth Management LLC is an SEC registered investment adviser. Privacy Policy. Cookies Policy.
Disclaimer Important Information This site is for informational purposes only. Information presented on this site does not constitute as investment advice.

Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.

Lumida's website (referred to herein as the "Website") is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of the Website on the Internet should not be construed by any client and/or prospective client Lumida’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

Any subsequent, direct communication by Lumida with a prospective client will be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.

‍Lead Capture Forms: By submitting your contact information in the forms on this site, you are not obligated to invest in Lumida's product or services.
‍Address: Lumida Wealth Management, 25 W 39th Street Suite 700, New York, NY 10018

No Result
View All Result
  • Home
  • Earnings
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Macro
    • Markets
    • Real Estate
  • Lifestyle
    • Family Office
    • Health and Longevity
  • Themes
    • Aging & Longevity
    • AI
    • CRE
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
  • About Us

© 2025 Lumida Wealth Management LLC is an SEC registered investment adviser. Privacy Policy. Cookies Policy.
Disclaimer Important Information This site is for informational purposes only. Information presented on this site does not constitute as investment advice.

Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.

Lumida's website (referred to herein as the "Website") is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of the Website on the Internet should not be construed by any client and/or prospective client Lumida’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

Any subsequent, direct communication by Lumida with a prospective client will be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.

‍Lead Capture Forms: By submitting your contact information in the forms on this site, you are not obligated to invest in Lumida's product or services.
‍Address: Lumida Wealth Management, 25 W 39th Street Suite 700, New York, NY 10018