Microsoft and Big Tech's Leap into Nuclear Energy for AI Ambitions

Sprott Resource Lending Corp. reports on the resurgence of interest in nuclear energy driven by significant endorsements from major tech companies such as Microsoft, Google, and Amazon. These corporations seek stable and carbon-free electricity to fuel their growing AI data centers. Microsoft notably finalized a deal to restart the Three Mile Island reactor in collaboration with Constellation Energy. This move is part of a broader trend as Google and Amazon push agreements for Small Modular Reactors (SMRs), potentially boosting uranium demand. The article explores the broader implications for the uranium market, detailing the challenges facing supply and the increasing importance of nuclear energy in global energy strategy, given geopolitical tensions and the shift toward decarbonization. The US market, in particular, is reacting to these developments, with uranium prices recovering from previous lows.