Rising electricity demand driven by the spread of artificial intelligence is reshaping the global energy market and intensifying competition over power infrastructure. With gas turbine supply shortages expected to persist and geopolitical risks adding uncertainty, technology companies are exploring alternatives such as small modular reactors and nuclear fusion. Developers including Kairos Power, Oklo, Commonwealth Fusion Systems and Helion are pursuing demonstration and commercial timelines, while renewables and grid batteries gain cost competitiveness.