Major companies like Amazon and Google have pledged to help in tripling the world's nuclear energy capacity by 2050, marking the beginning of a new industry.

The World Nuclear Association (WNA) facilitated the pledge, which is expected to gain support from industries like maritime, aviation, and oil and gas.

Nuclear energy generates 9 per cent of the world's electricity from 439 power reactors and has become a viable solution for power-guzzling data centers.

Big Tech firms have already signed billion-dollar deals with utilities. In January 2021, uranium oxide prices reached their highest in over 16 years due to supply uncertainty and higher demand.

However, global uranium production is heavily concentrated in Kazakhstan, Canada, and Australia, accounting for around two-thirds of global output in 2022.

As of early 2025, the world had around 411 nuclear power reactors operating, with a combined capacity of 371 gigawatts. Amazon, which has spent over $1 billion on nuclear energy projects and technologies, is exploring small modular reactor projects.