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Malik reported on June 4 2024 that engineers walk around the installation of a unit that conducts experimental studies on Small Modular Reactors in Saint-Paul-les-Durance, France.

                                                        Photographer: Nicolas Tucat/AFP/Getty Images, Photographer: Nicolas Tucat/
                                                       AFP/Getty Images.

Surging electricity demand for artificial intelligence and data centers means next-generation nuclear power “can’t fail,” according to a top US Energy Department official. David Crane, undersecretary for infrastructure at the department, said he’s now “very bullish” on emerging designs for so-called small modular reactors. That’s a significant shift from his earlier stance, when “I didn’t really see” a case for using the technology.  The comments underscore the need for new power sources to meet demand from AI, electric vehicles and factories after about a decade of flat electricity usage. This demand is spurring interest in SMRs, said Crane.

“It’s in the can’t-fail category,” Crane said Tuesday at the American Council on Renewable Energy Finance Forum event in New York. “As far as I can tell, it’s the only technology that can give you the concentration of zero-carbon power.”

©2024 Bloomberg L.P.

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