As artificial intelligence (AI) stocks keep climbing, a practical question emerges amid the excitement: Who will provide electricity for all these data centers?
Certainly not the grid, at least not without some help
U.S. power demand is now expected to grow for four straight years through 2027. Data center electricity use, meanwhile, could double or triple by 2028, according to Lawrence Berkley National Laboratory. Much of the grid, for its part, was made in the decades after World War II and will likely give up the ghost if we strain it any further.
Clearly, the world will need fresher solutions to a future power bottleneck. And Nano Nuclear Energy (NASDAQ: NNE) could play a huge role in filling the gap. In a nutshell, Nano is designing a small modular reactor (SMR).