IAEA Raises Global Nuclear Power Forecast for Sixth Straight Year

The IAEA's repeated upward revisions are a notable signal that nuclear is being re-priced as a baseload answer to rising electricity demand, not just a climate story. The explicit nod to small modular reactors matters because their modular, factory-built format is what makes nuclear financeable at a smaller scale — and it's the segment most likely to intersect with energy-intensive data-center and industrial demand. The open question is whether SMR timelines and supply chains can keep pace with the forecast, since capacity projections have historically run ahead of delivery.