Important points
Alphabet Inc.’s Google supports Kairos Power’s bid to build seven nuclear reactors. Kairos Power is the tech giant’s latest move to ramp up nuclear energy to power AI, with the goal being to add a total of 500 megawatts of nuclear power, Google said. The first reactor is expected to be operational by 2030, followed by other reactors until 2035. Last month, Microsoft announced that Constellation Energy would restart Unit 1 of its Three Mile Island nuclear power plant in Pennsylvania to power its data centers.
Google, owned by Alphabet (GOOGL), is helping Kairos Power build seven small nuclear reactors. Kairos Power is the tech giant’s latest move to expand its use of nuclear energy to advance its artificial intelligence (AI) ambitions.
Google says the goal is to add a total of 500 megawatts of nuclear power. The first reactor is expected to be operational by 2030, followed by others until 2035.
“This agreement will help us develop and commercialize a broad portfolio of advanced clean power technologies to power our global data centers and offices,” said Michael Terrell, senior director of energy and climate at Google. This agreement will achieve the following: Bringing new 24/7 carbon-free power to the U.S. power grid. ”
Microsoft and Amazon also sign nuclear-related deals
Due to the power-hungry nature of AI chips, big tech companies betting their fortunes on the technology are turning to nuclear energy, which has the advantage of being more stable than many other renewable energy sources. It’s meant to be directed.
Last month, Microsoft (MSFT) announced that Constellation Energy (CEG) would restart Unit 1 of its Three Mile Island nuclear power plant in Pennsylvania to power its data centers under a 20-year supply agreement.
In March, Amazon’s (AMZN) Amazon Web Services acquired a nuclear power data center in Pennsylvania from Talen Energy (TLN) for $650 million.
Google stock is creeping higher in pre-market trading.
