Nuclear power is getting a surprising boost from Oracle founder Larry Ellison, who recently announced plans for a massive new data center powered by nuclear reactors. The facility could consume more energy than 300,000 homes and would be one of the largest data centers ever built. Oracle is partnering with a company that already holds permits for three small reactors, although specific details—such as the location, completion date, and other collaborators—remain undisclosed.

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Oracle is already constructing an AI-driven data center that requires 800 megawatts of power, which is 10 times the capacity of most existing centers. The nuclear-powered facility is projected to exceed one gigawatt.

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This move is part of a broader trend in which data centers are expected to account for 9% of total U.S. energy demand by 2030, according to the Electric Power Research Institute. The Uranium Miners ETF is down big this year, but could see a boost if demand for nuclear energy grows. Nuclear energy, which already accounts for 19% of U.S. electricity generation, is becoming an attractive option for tech companies looking to meet their power needs while maintaining a low carbon footprint.

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