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Duke Energy exploring tech partnerships to offset nuclear expansion risks

By Thomson Reuters Jun 1, 2026 | 4:58 PM

By Laila Kearney and Sumit Saha

NEW YORK, June 1 (Reuters) – Duke Energy, one of the largest ​U.S. electric utilities, said on ‌Monday it has talked to hyperscalers about the prospect of building new nuclear power if the technology companies take on some ‌of ​the financial risk ⁠of building the reactors.

Duke, ⁠which is based in North Carolina and serves a large swath of the broader southeast U.S., has ​seen massive demand from companies building energy-intensive data centers that are ⁠driving electricity consumption across ⁠the country to record ​highs.

The power company has discussed the prospect ​of adding more nuclear energy to ‌its fleet, which already includes the largest number of nuclear power plants of any regulated utility in ⁠the country, to serve that growing demand, Duke CEO Harry Sideris said during a Reuters ⁠NEXT ‌Newsmaker interview.

The construction of ⁠nuclear power plants is notorious ​for ‌costing more and taking longer ​than initially ⁠planned, and U.S. electric utilities have been hesitant to take on the risk of new builds alone.

(Reporting by Laila Kearney in New York; Editing by ​Nia Williams)