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CommoditiesMediumUpdated×2•Originally published 17 April 2026•Updated 18 April 2026•

1 min read

China Accelerates Nuclear Power Expansion with 7 New Reactors Slated for 2024

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Key Facts

1China plans to put 7 new nuclear reactors into operation this year, with ground already broken on two.

about 2 months ago

Version History

Version 2about 2 months ago

What changed: The story was updated to include BloombergNEF forecasts of AI data center power demand quadrupling, highlighting nuclear energy's role as a critical 24/7 baseload source.

Version 1about 2 months ago

What changed: The story was updated to include significant U.S. regulatory reforms (Part 53) designed to expedite the approval of advanced and small modular reactors.

China is accelerating its nuclear capacity with 7 new reactors planned for 2024, alongside U.S. regulatory reforms aimed at streamlining advanced reactor licensing via the 'Part 53' rule. A massive new demand driver has emerged from the AI sector, with BloombergNEF forecasting that global data center power demand will quadruple over the next decade. Since AI training and inference require nonstop 24/7 power, nuclear energy is increasingly positioned as a critical baseload source for the tech industry. These global shifts, combining infrastructure expansion with surging technological demand, provide a strong fundamental tailwind for Uranium (U3O8). Consequently, the outlook remains bullish for nuclear-related instruments such as the URA ETF and major producers like CCJ.