The technology companies signed a pledge first adopted in December 2023 by more than 20 countries, including the U.S., at the U.N. Climate Change Conference. Financial institutions including Bank of America, Goldman Sachs and Morgan Stanley backed the pledge last year. The pledge is nonbinding, but highlights the growing support for expanding nuclear power among leading industries, finance and governments. Amazon, Google and Meta are increasingly important drivers of energy demand in the U.S. as they build out artificial intelligence centers. The tech sector is turning to nuclear power after concluding that renewables alone won’t provide enough reliable power for their energy needs.
A coalition of the world's biggest corporate energy users signed a pledge Wednesday in Houston to support a tripling of nuclear energy capacity by 2050. Founding signatories include tech giants Google, Amazon and Meta as well as Occidental, Dow, Allseas and OSGE. The World Nuclear Association brought the companies together to make the pledge to support the nuclear energy goal. It marks the first time companies outside the nuclear sector have come together across industries to push for concerted, robust nuclear power expansion to meet future global energy demand.
Several major tech companies signed on to a pledge to triple nuclear power capacity worldwide by 2050 in an effort to meet growing energy demand, driven in large part by the companies themselves and their pursuit of artificial intelligence. The pledge came on the sidelines of the CERAWeek Conference in Houston, Texas, where Big Tech joined forces with more than a dozen global banks, 140 nuclear industry companies, and 31 countries to support nuclear energy expansion. Amazon, Google, Meta, Dow, and oil company Occidental were among the founding signatories of the Wednesday pledge, which was coordinated by the World Nuclear Association. In signing the pledge, these companies said nuclear energy, among other safe and clean energy sources, plays an important role in creating a diversified and reliable grid. They also agree that nuclear capacity should at least triple by 2050 “to help achieve global goals for enhanced energy resiliency and security, and continuous firm clean energy supply.”
