On Wednesday, major corporations like Amazon and Google committed to supporting the goal of tripling global nuclear energy capacity by 2050, signing a pledge at the CERAWeek conference in Houston.
Shale company Occidental and Japanese heavy machinery manufacturer IHI Corp also joined the initiative.
“We are at the dawn of a new industry,” stated U.S. Energy Secretary Chris Wright in an interview with Reuters during the conference on Tuesday.
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According to the World Nuclear Association (WNA), which facilitated the pledge, more industries—such as maritime, aviation, and oil and gas—are expected to back the initiative in the coming months.
This commitment builds upon a similar vow made in 2023 by over 30 nations aiming to triple nuclear capacity by 2050.
Nuclear energy, a clean power source, currently provides 9% of the world’s electricity through 439 operational reactors, as reported by WNA.
It has also emerged as a viable option for energy-intensive data centers, with major tech companies securing billion-dollar agreements with utility providers.
In January last year, uranium oxide prices—essential for nuclear technology—reached their highest level in over 16 years due to supply concerns and growing demand. The surge began in 2021 following supply chain disruptions caused by COVID-19 lockdowns.
Despite increasing demand, uranium supply remains limited, with Kazakhstan, Canada, and Australia accounting for nearly two-thirds of global production in 2022, according to WNA.
As of early 2025, there were approximately 411 operational nuclear power reactors worldwide, with a total capacity of 371 gigawatts.
Amazon, which has invested over $1 billion in nuclear energy projects and technologies, is also exploring small modular reactor initiatives.
