Private Equity’s Next Bet on Artificial Intelligence Is Nuclear Energy
- Climate goals, data centers driving interest in atomic sector
- Amazon, Google, Microsoft have recently done power deals
A turbine hall at a nuclear power plant.
Photographer: Nathan Laine/BloombergThis article is for subscribers only.
Some of the world’s biggest managers of private capital are making moves to finance and invest in nuclear power plants, latching onto a revival in the sector driven in part by tech giants’ electricity-intensive AI ambitions.
Carlyle Group Inc. has been approached about backing credit investments linked to nuclear, a person with knowledge of the matter said, and Brookfield Asset Management is looking at boosting its exposure to the industry. Apollo Global Management Inc. is in talks to provide financing for a plant under construction at Hinkley Point in the UK, Bloomberg News has reported.