When will major tech companies' nuclear power plants be ready?

Nuclear reactors that Microsoft, Google, and Amazon are betting on likely won't come online until 2028 at the earliest, more likely the 2030s.

How much power capacity does Bitzero have and plan to develop?

Bitzero has 110 megawatts of capacity already under a binding letter for lease at its Norway flagship, with room to expand to approximately 300 megawatts, plus over a gigawatt in development across North America and Europe.

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Power crunch fuels Bitzero's data center bet in Norway, Finland

Yahoo Finance AI6h ago5 min read

Key takeaway

The White House warned that electricity prices could surge as much as 58% by 2030 without $1.4 trillion（約220兆円） in new infrastructure investment, as AI data centers and cryptocurrencies drive power demand up to 10x. Bitzero, backed by Shark Tank investor Kevin O'Leary, has capitalized on this shortage by securing 110 megawatts of hydroelectric power at 3–4 cents per kilowatt-hour in Norway—roughly 70% cheaper than the U.S. average—with over a gigawatt in development, giving it immediate access to low-cost electricity while major tech firms wait years for nuclear reactors and grid connections.

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3 Key Points

What happened
The White House warned in July 2025 that without $1.4 trillion（約220兆円） in new infrastructure investment, electricity prices could surge as much as 58% by 2030, driven by soaring power demand from AI data centers and cryptocurrencies. Bitzero, a data center operator, has secured 110 megawatts of capacity at its Norway flagship site running on 100% hydroelectric power at 3–4 cents per kilowatt-hour, roughly 70% cheaper than the U.S. average of 12 cents, with over a gigawatt in development across North America and Europe.
Why it matters
Most AI companies and cloud providers are racing to lock in nuclear power, but those reactors likely won't come online until 2028 at the earliest, more likely the 2030s. Meanwhile, data centers in Virginia now face 7-year waits for grid connections. Bitzero reversed the typical order by securing power first before building infrastructure—a strategy that gives it immediate access to cheap, abundant electricity when rivals are scrambling. The company is also a licensed grid operator in Norway, a regulatory approval process that creates a barrier competitors cannot easily overcome.
What to watch
Bitzero has 110 immediate megawatts of capacity at its Namsskogan site in Norway with room to expand to approximately 300 megawatts. Power demand is set to grow up to 10x between now and 2030, making control over low-cost hydroelectric supply a critical competitive asset.

FAQ

How much cheaper is Bitzero's power compared to the U.S. average?: Bitzero's Namsskogan site in Norway runs on 100% hydroelectric power at 3–4 cents per kilowatt-hour, roughly 70% cheaper than the U.S. average of 12 cents.
When will major tech companies' nuclear power plants be ready?: Nuclear reactors that Microsoft, Google, and Amazon are betting on likely won't come online until 2028 at the earliest, more likely the 2030s.
How much power capacity does Bitzero have and plan to develop?: Bitzero has 110 megawatts of capacity already under a binding letter for lease at its Norway flagship, with room to expand to approximately 300 megawatts, plus over a gigawatt in development across North America and Europe.

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