缺电，快把美国逼疯了

Core Insights - The U.S. is facing a "national emergency" due to electricity shortages, primarily driven by the explosion of AI industry demand for power [5][6] - The U.S. government is restructuring its energy policy, shifting focus from renewable energy sources like wind and solar to fossil fuels and nuclear energy [1][2] - Nuclear power is being recognized as the optimal solution to meet the increasing electricity demands driven by AI, with significant investments planned in new nuclear facilities [4][11] U.S. Nuclear Power Developments - The U.S. government plans to directly procure and own up to 10 new large nuclear reactors, with a total investment of several hundred billion dollars, including $550 billion from Japan [2] - A $1 billion loan has been allocated to restart the Three Mile Island nuclear plant, which had been dormant for 40 years, to quickly address power needs [3] - The nuclear sector is expected to see a surge in investment opportunities, with a focus on small modular reactors (SMRs) and a projected doubling of global nuclear power demand by 2040 [8][11] AI's Impact on Energy Demand - McKinsey estimates that AI will increase U.S. electricity demand by 10% to 20% over the next 5 to 7 years, with significant power consumption from AI data centers [6][7] - The U.S. Energy Information Administration predicts that by 2030, AI data centers could account for 20% of global electricity consumption, leading to a projected power shortfall of 73.2 GW in the U.S. [6] China's Nuclear Power Initiatives - China is also experiencing a surge in electricity demand due to AI, with plans to triple its nuclear capacity by 2035 [13][14] - The investment in nuclear power construction in China is projected to reach 146.9 billion yuan in 2024, marking a 54% increase year-on-year [13] - China's nuclear power sector is expected to benefit from policy support and integration with AI infrastructure, with significant growth in electricity demand anticipated [14][15] Investment Opportunities - The nuclear power sector is poised for substantial growth, driven by both U.S. and Chinese initiatives, creating investment opportunities across the entire nuclear supply chain [8][22] - The anticipated increase in uranium prices due to supply-demand imbalances is expected to benefit companies involved in uranium exploration and production [8] - The nuclear power industry's growth is supported by technological advancements and strategic investments, enhancing the certainty of future growth [11][22]