Wall Street has started viewing next-generation nuclear energy companies like Oklo as direct plays on the artificial intelligence boom. The logic is straightforward: massive AI data centers consume as much electricity as mid-sized cities, and that demand is fueling a projected 75% surge in U.S. electricity consumption by 2050.
This skyrocketing need for power has sent Sam Altman–backed Oklo’s stock soaring more than 500% in 2025, despite the company not yet generating revenue. Investors have also bid up shares of established energy players such as GE Vernova, Constellation Energy, and Vistra in recent years, as AI reshapes energy demand.
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AI hyperscalers are pursuing an “all-of-the-above” energy strategy—tapping nuclear, natural gas, solar, and storage solutions to meet their immense power needs. While Oklo has been on a tear—up 140% since early July—it may be time to look at other companies with similar high-upside potential in the AI energy space.
Two names stand out: Nano Nuclear Energy and Microvast, both of which offer unique ways to capitalize on this emerging megatrend.
- Nano Nuclear Energy (NNE): A Bold Bet on Microreactors
Nano Nuclear Energy Inc. is a speculative, pre-revenue company developing advanced portable micro nuclear reactors. Its vision is ambitious: to power not just AI data centers but also cargo ships, remote operations, and even lunar bases with compact, efficient nuclear solutions.
Despite its early stage, Nano’s financial position is strong. The company holds roughly $210 million in cash and cash equivalents against only $5 million in total liabilities. In its most recent quarterly update, Nano reported “growing support and interest from long-term oriented institutional investors.”
With AI hyperscalers already partnering with nuclear firms like Oklo and Constellation to secure their future energy needs, Nano’s technology could place it squarely in the path of this surge in demand—making it a high-risk, high-reward contender for investors looking for the next breakout nuclear stock.
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- Microvast (MVST): Powering AI Through Energy Storage
Microvast focuses on designing and manufacturing advanced lithium-ion battery solutions. Based in Texas, the company boasts vertically integrated capabilities, spanning battery chemistry through to modules and packs.
Microvast is positioned to benefit from two powerful trends:
- The rapid expansion of solar energy, which requires vast amounts of storage to balance intermittent supply.
- The electrification of transportation, from vehicles to industrial applications, which drives demand for reliable, high-performance batteries.
As AI data centers increasingly turn to renewables to supplement their energy mix, energy storage companies like Microvast could become critical players in stabilizing power grids and ensuring uninterrupted operations.
The Bottom Line
The AI revolution is reshaping global energy markets, creating opportunities well beyond the biggest names like Oklo. Nano Nuclear Energy offers a speculative but potentially game-changing nuclear technology, while Microvast provides a more tangible way to play the energy storage boom underpinning solar and electrification.
For investors seeking the next AI energy winners, both companies deserve a closer look.
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