Energy

Global nuclear construction hits 40-year high as AI demand and energy costs drive expansion

The construction surge reflects a strategic response to energy security concerns and cost volatility in traditional markets. As fossil fuel prices rise, governments and utilities are accelerating plans for new nuclear plants to ensure stable baseload power. This trend is not limited to established nuclear powers; it is expanding into new markets and reinforcing existing ones through federal support and international partnerships.

In a notable expansion into West Africa, Ghana has announced that Russia will support the construction of a 2,000 MW nuclear power plant. This project marks a deepening of bilateral energy ties between the two nations. The facility is described as a nuclear plant, distinct from the construction phase details provided for the global total, but it represents a significant addition to the global pipeline of new capacity. The announcement underscores the growing international interest in nuclear energy as a reliable source of low-carbon electricity.

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In North America, the United States is reinforcing its existing nuclear fleet through federal intervention. Nuclear plants in Illinois have received federal funding aimed at bolstering the grid. This financial support is designed to maintain the operational integrity of existing generation capacity, ensuring that these facilities continue to provide critical electricity to the region. The move highlights a dual strategy: building new capacity globally while stabilizing and funding existing infrastructure domestically to prevent outages and maintain reliability.

The convergence of these factors—record construction numbers, new international partnerships, and domestic funding for grid stability—indicates a sustained long-term investment in nuclear technology. The primary drivers cited are the soaring costs of alternative energy sources and the unprecedented energy consumption associated with AI data centers. These reactors are currently classified as under construction, meaning they are not yet commercially operational or connected to the grid for public power supply.

The global count of 79 reactors under construction serves as a key metric for the industry’s current momentum. This level of activity has not been seen since the late 1980s, suggesting a renewed commitment to nuclear energy as a cornerstone of future energy systems. The sector is moving from a period of stagnation to one of active expansion, with projects ranging from large-scale international plants in Ghana to maintained assets in the United States.

Photo by Alexandru Boicu on Unsplash

As construction continues, the focus remains on completing these projects to meet growing energy demands. The interplay between high fossil fuel prices and the technical requirements of AI infrastructure is creating a favorable environment for nuclear development. Stakeholders are prioritizing the completion of these 79 projects to diversify the energy mix and reduce dependence on volatile fuel markets.

The next milestones will involve the completion of ongoing construction phases and the operational integration of newly funded facilities. For the global total to translate into actual power generation, these projects must progress from the construction stage to grid connection and commercial operation. The sector is now at a critical juncture where investment and policy support are translating into physical infrastructure.

Helen Ward

Helen Ward writes about energy with a focus on electricity markets, oil and gas, renewable power, nuclear developments, and changes in energy policy. She follows supply trends, pricing developments, major projects, and government decisions. Helen's reporting connects immediate energy stories with the wider market and policy factors that help explain why they matter.

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