The group, which includes Google, Amazon, Meta and Dow, joins 14 major global banks and financial institutions, 140 nuclear industry companies and 31 countries in supporting the goal of tripling global nuclear capacity by 2050.
Today, a cross-industry group of major energy users signed a pledge supporting the goal of at least tripling global nuclear capacity by 2050. This is the first time that major companies other than the nuclear sector have come together to publicly support an extensive and concentrated expansion of nuclear power to meet growing global energy demand. They also call on other energy users to support the goal of tripling nuclear capacity. The collective call, facilitated by the World Nuclear Association, brings together global companies that recognize their need for clean, steady, and abundant energy to drive their future growth while meeting the goals of greater resilience and energy security. This group of companies recognizes the government’s support and advocates for equal access to financing for nuclear energy.
CERAWeek’s founding signatories include: Amazon, Google, Meta, Dow, Occidental, Allseas and OSGE. The Pledge is expected to gain more support in the coming months, reflecting the growing interest in nuclear power from industries as diverse as marine, aeronautics, and oil and gas.
The Commitment recognizes the potential for nuclear power to expand beyond traditional grid electricity, providing abundant and continuous power to support successful and cost-competitive operations for power users. It goes on to highlight how nuclear power can provide clean energy for increased electrification and a range of economic activities and industrial processes, including the technology sector, synergies with the oil and gas industry, and the supply of industrial process heat – for which nuclear power is the most reliable and scalable clean source.
During CERAWeek, many of the companies, along with policymakers and the nuclear industry at large, came together to discuss how nuclear power fits into the future strategic plans of their businesses because it offers an abundant and reliable source of energy needed for their growing operations. This promise demonstrates the demand for and support for innovation, investment and collaboration to achieve the global ambitions of industry and countries.
Quotes from supporting organizations
Lucia Tian, Head of Clean Energy Technologies and Decarbonization at Google, said: “We are proud to sign a commitment to support the tripling of nuclear capacity by 2050, as nuclear energy will be critical in building a reliable, secure and sustainable energy future. Google will continue to work alongside our partners to accelerate the commercialization of advanced nuclear technologies that can provide the 24-hour clean energy needed to meet the growing demand for electricity around the world.”
Brandon Oyer, Head of Energy and Water Americas at Amazon Web Services, said, “Accelerating the development of nuclear power will be critical to strengthening our nation’s security, meeting future energy demands, and addressing climate change. Amazon supports the World Nuclear Association’s commitment and is proud to have invested more than $1 billion over the past year in nuclear energy projects and technologies, which is part of our broader Climate Pledge commitment to be net-zero carbon by 2040.”
Urvi Parekh, Meta’s global energy director, said: “As global economies expand, the need for reliable, clean and resilient energy supply is paramount. Nuclear power, with its ability to provide continuous power, can help meet this growing demand. “We are excited to join this multi-organizational effort with the Triplicate Nuclear Commitment to reiterate our commitment to nuclear power.”
Edward Stones, vice president of business at Dow Energy & Climate, said: “Energy is the lifeblood of global manufacturing, and therefore investing in and expanding access to clean, reliable and cost-competitive nuclear energy is critical to industrial progress. Dow considers nuclear power, especially promising advanced modular nuclear power technology, to be a competitive long-term source of safe, firm and clean energy.”
Sama Bilbao y Leon, Director General of the World Nuclear Association, which represents the global nuclear industry and led the Pledge initiative, said: “The unprecedented support announced today by some of the world’s most influential companies to at least triple global nuclear capacity by 2050 sends a clear signal to accelerate policy change, financial and regulatory policies that allow the rapid expansion of nuclear energy. The global shift toward more nuclear prominence is the only way to provide the clean, abundant energy needed to drive growth and innovation in technology, a host of other industries, and the entire economy.”
Laurent Odeh, Chief Commercial Officer of Urenco, which supplies enriched uranium to fuel existing and new reactors, said: “It will be much more difficult to address environmental concerns while facilitating economic development in the world without reliable, 24/7 nuclear power. This support from large energy users is another signal for governments to enable new nuclear projects, so that we can accelerate construction and meet the energy needs of industry and the public.”
