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The Indicator from Planet Money

Who's powering nuclear energy's comeback?

The Indicator from Planet Money

NPR

Business

4.79.5K Ratings

🗓️ 14 November 2024

⏱️ 12 minutes

🧾️ Download transcript

Summary

Nuclear energy hasn't been a growing industry in decades. But now, it seems to be making a comeback. This week, the Biden administration announced a goal to triple nuclear energy capacity in the US by 2050. And over the past few months, Amazon, Microsoft, and Google have all made deals to use nuclear energy to power their artificial intelligence appetites. Today on the show, could nuclear energy work differently this time?

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Transcript

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0:00.0

NPR.

0:11.7

Nuclear energy seems to be back in favor this week.

0:15.5

At the COP 29 climate change conference, discussions are underway about how nuclear can help the world reduce

0:21.7

carbon emissions. Also, the Biden administration announced a goal to triple nuclear energy production

0:28.3

in the U.S. by 2050. The Inflation Reduction Act is helping with that with a ton of subsidies.

0:35.2

And those subsidies are part of the reason that this year, Amazon, Microsoft,

0:39.7

and Google, each signed massive deals to build nuclear projects. The companies have a voracious

0:45.9

appetite for electricity as artificial intelligence data centers chew up more and more energy.

0:51.7

The U.S. lost its appetite for building new nuclear power plants several decades ago,

0:57.6

for a few reasons. First, it's incredibly expensive to build. Also, meltdowns and environmental

1:04.1

risks loom large in the public imagination. But a new form of nuclear power generation

1:09.7

called small modular reactors aims to change that.

1:16.2

This is The Indicator from Planet Money. I'm Darren Woods.

1:19.6

And I'm Waylon Wong. Today on the show, could nuclear energy work differently this time?

1:25.3

We probed the CEO of the company working with Google on its small

1:28.5

modular reactor project, and we ask how it will deal with concerns about cost, safety, and waste.

1:40.1

This message comes from Wise, the app for doing things in other currencies. Send, spend,

1:45.7

or receive money internationally and always get the real-time mid-market exchange rate with no

1:50.3

hidden fees. Download the Wise app today or visit wise.com, tease and sees apply. This message comes from

1:57.5

Indiana University. Indiana University is committed to moving the world forward,

2:02.7

working to tackle some of society's biggest challenges. IU makes bold investments in the future

2:08.5

of bioscience and cybersecurity, cultivates visionary work in the arts and humanities, and prepares

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