⚛️ Uranium’s Second Wave: Why SMRs Are Coming for Data Centers

AI’s hunger for electricity is outpacing the grid. A new wave of small nuclear reactors—and a tightening uranium market—could reshape where Big Tech builds and who cashes in.

The Brief (Free)

The setup. Data centers are the factories of the AI era—and they run hot. By 2030, electricity use from data centers could more than double. The problem? Solar and wind aren’t 24/7, natural gas is under political fire, and the grid is already stressed. Enter nuclear power.

Why now. Just this week:

• The UK and US signed a pact to accelerate civil nuclear projects.
• Developers unveiled Europe’s first nuclear-powered data campus in England.
• Even commodity giants are piling into the uranium trade, betting demand will soar.

The pinch point. Uranium supply is tight. Mines are producing less than expected, and the specialized fuel many new reactors need is still scarce. That makes timing—and the companies in the supply chain—critical.

The catch. Nuclear is slow to build. Most of these small modular reactors (SMRs) won’t be online until the late 2020s. For now, data centers are cutting power deals with existing nuclear plants, while waiting for SMRs to catch up.

Bottom line. The trend is investable; the timing is the edge. In the premium section, we break down where the real opportunities lie—without the jargon.

Free readers: “AI will keep scaling. The question is: where does the power come from? We just showed the map. Premium members get the companies, timelines, and our investing rules to play it.”

Subscribers: continue for companies, catalysts, and our playbook.