U.S. utilities like Duke Energy are forming partnerships with large tech hyperscalers to share the financial risks of building new nuclear reactors as electricity demand hits record levels. Duke Energy, which operates the largest nuclear fleet in the country, achieved a 97% capacity factor in 2025 and is seeking regulatory approval for new nuclear sites to meet growing tech-driven power needs. This strategy helps utilities expand clean energy capacity while protecting shareholders and customers from high capital costs. The trend reflects a broader move in the sector to balance infrastructure growth with financial caution amid rising energy consumption.
U.S. data centers are projected to consume up to 12% of the country's electricity by 2028, fueling a surge in demand for power infrastructure. Five major utilities—Public Service Enterprise Group, Duke Energy, Southern Company, Dominion Energy, and N...
Temperatures in the Carolinas are expected to reach the 90s, increasing demand on cooling systems and energy consumption. Duke Energy advises customers to set thermostats to the highest comfortable level, use cooler water for laundry, run appliances ...
