Nuclear-for-AI datacenter deal book

Name: Nuclear-for-AI Datacenter Deal Book
Creator: Yellowcake Analytics

Every publicly announced deal where a hyperscaler or datacenter operator secures nuclear power — restarts, PPAs, behind-the-meter and SMR orders — translated from megawatts into modeled annual pounds of U₃O₈. The AI-era demand story, quantified for uranium investors. Every deal is source-linked. Related: the SMR pipeline →

Capacity announced

33.6 GW

8.8 GW firm (signed / operating)

Modeled U₃O₈

Modeled

14.9 Mlb/yr

3.9 Mlb/yr from firm deals

Deals tracked

13 hyperscaler buyers

Ramp

14.4 Mlb

modeled by 2039

Announced ≠ contracted. The two largest entries — Switch–Oklo (12 GW) and Amazon–X-energy (5 GW) — are multi-year option frameworks running to 2039–2044, not firm baseload. The firm figures count only signed contracts, restarts under construction, and operating-plant PPAs. Each row's status and note (hover) say which is which.

Buyer	Power source	Type	Capacity	U₃O₈ / yr (modeled)	COD	Status	Source
Switch	OkloAurora powerhouse fleet	ppa	12,000 MW	5.30 Mlb	2029	announced	Switch press release
Amazon (AWS)	X-energyXe-100 (national fleet)	investment	5,000 MW	2.21 Mlb	2039	signed	X-energy press release
Meta	TerraPowerNatrium (up to 8 units)	investment	2,800 MW	1.24 Mlb	2032	signed	POWER Magazine
Meta	VistraPerry, Davis-Besse, Beaver Valley	ppa	2,609 MW	1.15 Mlb	2026	signed	POWER Magazine
Endeavour (Edged data centers)	Deep FissionDeep Fission borehole PWR	mou	2,000 MW	0.88 Mlb	2029	announced	World Nuclear News
Amazon (AWS)	Talen EnergySusquehanna Steam Electric Station	ppa	1,920 MW	0.85 Mlb	2026	signed	source
Standard Power	NuScale Power / ENTRA1 EnergyNuScale VOYGR (Ohio & Pennsylvania)	mou	1,848 MW	0.82 Mlb	2029	announced	source
Meta	OkloAurora campus, Pike County, Ohio	ppa	1,200 MW	0.53 Mlb	2030	signed	POWER Magazine
Meta	Constellation EnergyClinton Clean Energy Center	ppa	1,121 MW	0.50 Mlb	2027	signed	source
Microsoft	Constellation EnergyCrane Clean Energy Center (ex-TMI Unit 1)	restart	835 MW	0.37 Mlb	2028	under-construction	Utility Dive
Google	NextEra EnergyDuane Arnold Energy Center	restart	615 MW	0.27 Mlb	2029	under-construction	source
Google	Kairos PowerKP-FHR fleet (Master Plant Development Agreement)	ppa	500 MW	0.22 Mlb	2030	signed	source
Equinix	OkloAurora powerhouse	ppa	500 MW	0.22 Mlb	—	announced	source
Amazon (AWS)	Energy NorthwestCascade Advanced Energy Facility (Xe-100, Richland WA)	smr-order	320 MW	0.14 Mlb	—	announced	source
Amazon (AWS)	Dominion EnergySMR near North Anna Power Station	mou	300 MW	0.13 Mlb	—	announced	source
Google	Tennessee Valley Authority / Kairos PowerHermes 2 (Oak Ridge, TN)	ppa	50 MW	0.02 Mlb	2030	under-construction	source
Equinix	Radiant NuclearKaleidos microreactor	smr-order	—	—	—	announced	Equinix newsroom
Fermi America	Westinghouse (AP1000)Project Matador / HyperGrid, Amarillo TX	behind-the-meter	—	—	—	announced	Data Center Dynamics
Oracle	Undisclosed vendorThree SMRs for a 1+ GW AI data center	behind-the-meter	—	—	—	announced	CNBC

Methodology

Modeled

Annual uranium demand per deal is MODELED from disclosed nuclear capacity: MW (nameplate) / 1000 = GWe; multiplied by 170 tU/GWe/yr (industry standard, ~85% capacity factor, per the site demand model) and by 0.0026 Mlb U3O8/tU. Cancelled deals and deals with undisclosed capacity are excluded from the demand rollup. Capacities and dates are the operators' own disclosed figures where available; some headline totals are multi-year option frameworks rather than contracted baseload — see each deal's status and note.

Deal capacities and dates are the operators' own disclosed figures where available; every deal links to its primary source. Deals without a verifiable source do not ship, and those with undisclosed capacity are listed but excluded from the demand rollup — we do not guess. The uranium translation is modeled, not a quote. See full methodology.

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Yellowcake Analytics. "Nuclear-for-AI Datacenter Deal Book." Yellowcake Analytics, 2026, https://www.yellowcakeanalytics.com/datacenter-deals.

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