Information Technology
Major Global Companies Pledge Historic Support to Triple Nuclear Energy
HOUSTON , March 12, 2025 /PRNewswire/ -- Today, a cross-industry group of large energy users signed a pledge supporting the goal of at least tripling global nuclear capacity by 2050. This is the first time major businesses beyond the nuclear sector have come together to publicly back an extensive and concerted expansion of nuclear power to meet increasing global energy demand. They also urge other energy users to support the goal to triple nuclear energy. The collective call, facilitated by World Nuclear Association, brings together global companies recognizing their need for nuclear's clean, firm and abundant energy to power their future growth, while also meeting goals of greater energy resiliency and security. This group of companies acknowledge government support and advocate for equal access to finance for nuclear energy.
Founding signatories at CERAWeek include: Amazon, Google, Meta, Dow, Occidental, Allseas, OSGE, and IHI. The Pledge is expected to gain more support over the coming months, reflecting growing interest in nuclear power from industries as diverse as maritime, aviation and oil & gas.
The Pledge recognizes nuclear's potential to expand beyond traditional grid electricity, providing abundant, continuous energy to support successful and cost-competitive operations for energy users. It continues by highlighting how nuclear can provide clean energy for increased electrification, and a range of economic activity and industrial processes, including the technology sector, synergies with the oil & gas industry, and the provision of industrial process heat – for which nuclear is the most credible and scalable clean source.
During CERAWeek, many of the companies, alongside policymakers and the wider nuclear industry, gathered to discuss how nuclear energy fits into their businesses' future strategic plans because it offers an abundant and reliable source of power needed for their growing operations. This pledge demonstrates the demand and support for innovation, investment, and collaboration to achieve global ambitions of industry and countries.
said:
said:
said:
said:
, which represents the global nuclear industry and led the Pledge initiative, said:
which provides enriched uranium to fuel existing and new-design reactors, said:
The announcement will take place at World Nuclear Association's event at Innovation Agora on . If you're at CERA week, you can join the event here.
Nuclear energy generates 9% of the world's electricity from 439 power reactors.
Beyond electricity, nuclear reactors have been used for desalination, district heating and process heat, with 750 reactor operating years of experience.
Global energy consumption is projected to continue growing at around 4% annually, according to the International Energy Agency.
Initially launched at World Nuclear Symposium in September 2023 and in partnership with Emirates Nuclear Energy Corporation ahead of COP28 in Dubai , the goal to triple nuclear energy capacity by 2050 has earned support from 31 countries through the Declaration to Triple Nuclear Energy and more than 140 nuclear industry companies through an accompanying industry pledge. Fourteen of the world's largest financial institutions backed the goal in September 2024 . Now, they have been joined by a cross-sector group of large energy users that have endorsed the same goal, publicly at a conference that covers the entire energy sector.
The Large Energy Users Pledge was led by World Nuclear Association and its strategic partners within the Net Zero Nuclear initiative, including CERAWeek Event Co-Host Urenco Group and Cameco Corporation.
If your company relies on clean, firm energy for future growth, now is the time to act. Join us in advocating for the expansion of nuclear energy and sign the . For more information about joining the Pledge, please contact pippa.eames@world-nuclear.org
World Nuclear Association is the international organisation that represents the global nuclear industry. Its mission is to promote a wider understanding of nuclear energy among key international influencers by producing authoritative information, developing common industry positions, and contributing to the energy debate, as well as to pave the way for expanding nuclear business.
For more information, visit world-nuclear.org
Media Contact: Henry Preston via press@world-nuclear.org
View original content:https://www.prnewswire.co.uk/news-releases/major-global-companies-pledge-historic-support-to-triple-nuclear-energy-302399677.html