Business Daily Nuclear power’s global revival
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May 18, 2025 Bobby Hollis, Vice President of Energy at Microsoft, dives into the global revival of nuclear power as a low-carbon solution. He discusses why countries like Japan are returning to nuclear energy despite past disasters. Hollis highlights Microsoft's investment in small modular reactors for data centers to meet soaring energy demands, especially with the rise of AI. He also touches upon the challenges of integrating nuclear with renewables and the economic fallout from Germany's decision to shut down its reactors. The conversation is both enlightening and thought-provoking!
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Global Nuclear Revival
- Nuclear power is resurging globally as countries aim to reduce carbon emissions alongside renewables.
- Over 60 nuclear power stations are planned or under construction, marking the largest expansion since the 1990s.
Nuclear Cost Competitiveness
- Nuclear electricity is cost-competitive, often cheaper than other carbon-free energy sources.
- Plants can operate for 60 to 100 years, enhancing their economic viability.
Japan's Nuclear Policy Reversal
- After the 2011 Fukushima disaster, Japan reversed its nuclear policy to recommission reactors and build new ones.
- This shift is driven by energy security needs and emissions reduction goals.