Monday, October 21, 2024

Nuclear energy: Small modular reactors’ role in fueling AI boom

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The growing energy appetite to power AI and data center technologies has led companies to search for clean and cost-efficient energy sources, most notably nuclear power. Tech companies like Amazon (AMZN), Microsoft (MSFT), and Alphabet’s Google (GOOG, GOOGL) have been signing deals with developers to build out small modular reactors (SMRs) to meet their energy needs.

Yahoo Finance special reporter Akiko Fujita dives into the details, highlighting Big Tech’s rising interest in the future of nuclear energy. She notes the benefits these SMRs could pose for power grids while no commercial modular reactors have been completed in the US yet.

X-energy CEO Clay Sell sat down with Catalysts earlier today to discuss Amazon’s investment into the nuclear reactor designer’s SMR plans.

Watch Kairos Power CEO Mike Laufer interview with Yahoo Finance last week about the nuclear power startup’s partnership with Google.

To watch more expert insights and analysis on the latest market action, check out more Catalysts here.

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