Tech companies want nuclear power. Some utilities are throwing up roadblocks

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Investors are looking at nuclear plants as an increasingly valuable resource as data centers’ power needs grow.

Power companies such as Constellation Energy and Vistra are in talks with customers interested in directly connecting data centers to nuclear plants.

Data centers, the computer warehouses that run the Internet, in some cases now require a gigawatt or more of power, comparable to the average capacity of a nuclear reactor in the U.S.The data centers are essential to U.S.

Constellation's Dominguez argued that connecting data centers directly to nuclear plants, called co-location by the industry, is the fastest and most cost-effective way to support the buildout of data centers, without burdening consumers with the costs of building new transmission lines. "This will harm existing customers," the utilities told FERC in a filing in June. Talen Energy has dismissed the objections as"demonstrably false," accusing the utilities of stifling innovation.

Barrón told CNBC that Constellation has"seen interest from many" tech companies in potentially co-locating a data center at one of its sites.

 

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