This Top Energy Stock Sees Limitations for a Nuclear Energy Resurgence

Nuclear energy is seeing a resurgence in interest due to an expected surge in power demand over the next two decades. Microsoft is helping lead the charge by signing a deal to buy all the future power produced by a nuclear power-generating unit that Constellation Energy plans to restart. The tech titan needs the emissions-free energy to power its data centers and support its cloud computing and artificial intelligence (AI) operations.Many believe this deal could help jump-start the country's dormant nuclear energy industry. While nuclear power plant operator NextEra Energy (NYSE: NEE) believes this energy source will play a role in helping meet the country's power needs, it sees some practical limitations.As a leading producer of all forms of power, including nuclear, NextEra Energy is as dialed into the industry as anyone. The company believes the U.S. power industry is entering a "period of unprecedented growth in power demand," according to CEO John Ketchum on the utility's third-quarter conference call. He pointed out that "there are forecasts for an approximate six times increase in power demand growth in the next 20 years versus the prior 20."Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool