Amazon backed nuclear startup X-energy has raised about 1 billion in an IPO, pulling in roughly 20% more than expected. The company’s data center driven strategy is drawing fresh investor attention as demand for nuclear power climbs, reflecting the growing urgency for steady, large scale electricity to support AI and cloud workloads.
Nilesh Shah of Kotak Mutual Fund, and a member of the PM’s economic advisory council, says India must reduce vulnerability to energy shocks by accelerating electrification and rapidly scaling up nuclear power. His argument centers on cutting dependence on energy imports and strengthening long-term energy security as global disruptions threaten supply and prices.
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