JP Morgan

JP Morgan says Europe's push to expand data centre capacity for AI is driving fresh investment in nuclear energy across the EU. The bloc is betting on nuclear power to meet surging electricity demand from data centres while pursuing decarbonisation and energy security goals, with the bank expecting the trend to trigger a wider nuclear energy boom.

JP Morgan argues that surging electricity demand from artificial intelligence in Europe could trigger a boom in nuclear energy investment. The bank's analysis points to AI data centres as a major new power consumer that may revive interest in nuclear power across the continent, adding to ongoing debate about how Europe will meet growing energy needs.