The data center market continues to grow in 2025 and beyond,
driven in part by AI applications. Energy sources, including
nuclear, are key to meeting the increased demand for power. This
creates opportunities for efficient nuclear power solutions like
Small Modular Reactors (SMR's), which potentially offer a
stable, low-carbon and cost-effective power supply.
In this blog, we delve into the trends and opportunities
associated with data centers and their power requirements,
emphasizing the role SMR's can play and the initiatives aimed
at supporting their development and deployment.
Demand surge driven by AI
Based on the projections from various industry reports, the data
center market is expected to grow significantly due to advancements
in AI, increased data consumption, and cloud services expansion.
Projections estimate a compound annual growth rate (CAGR) of about
12.8% through 2025, with robust global growth continuing through
2030. In Europe, demand for