Overview
- Corporate filings confirm a new joint venture between Alibaba and China National Nuclear Power Co. with registered capital of 250 million yuan and several additional partners.
- The partnership is intended to secure long-term, low-carbon electricity for Alibaba’s expanding AI data-center footprint.
- Filings list energy generation as a cooperation area, but the companies have not specified whether the venture will build capacity, arrange power trading or PPAs, or pursue hybrid clean-energy projects.
- The capital size is widely viewed as insufficient to fund new nuclear plants from scratch, prompting questions about the venture’s scope and timeline.
- Alibaba shares slipped slightly after the disclosure as investors weighed execution risks within a broader industry shift that has seen Meta and Microsoft secure nuclear power deals for data centers.