Google moves to harness nuclear energy with Kairos power collaboration

Source Cryptopolitan

Google has signed a significant agreement with Kairos Power to purchase nuclear energy generated from small modular reactors (SMRs). This initiative is designed to solve the growing energy problems in the United States and, in particular, the development of the artificial intelligence (AI) industry

Kairos Power aims to commission the first reactor by 2030, with other units expected to come online by 2035. The goal is to provide between 300 to 500 MW of clean energy to the power grids of the US.

This agreement underscores the need for stable, base-load energy that can work in conjunction with intermittent renewable sources of energy like wind and solar. For Google, integrating SMRs into its clean energy portfolio is necessary for its business continuity as well as for its data centers. 

Kairos Power still needs the U.S. Nuclear Regulatory Commission’s permission for the design and construction of the plant. The company has already received permission for a pilot plant in Tennessee, which should be operational by 2027. At the moment, it has a development facility in Albuquerque, New Mexico, that assembled test units to evaluate separate parts and subsystems.

Environmental impact of SMRs remains under scrutiny

Although nuclear energy is known to be a carbon-neutral source, the future impacts that SMRs will have on the environment and the economy are still unclear. The construction and the functioning of nuclear power plants require many raw materials, and there are still questions regarding the disposal of nuclear waste. 

This collaboration also seems to follow a pattern seen in other large tech companies engaging with the nuclear sector. The rise in artificial intelligence technologies and the high energy consumption that comes with them have made firms such as Microsoft and Amazon seek similar deals.

For instance, Microsoft worked with Constellation Energy to bring online a unit of the Three Mile Island nuclear plant. On the other hand, Amazon bought a nuclear-powered data center from Talen Energy this year.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Forex Today: US Dollar stabilizes ahead of next batch of US dataHere is what you need to know on Thursday, August 13:
Author  FXStreet
9 hours ago
Here is what you need to know on Thursday, August 13:
placeholder
WTI declines below $82.50 as oil inventories rise far more than expectedWest Texas Intermediate (WTI), the US crude oil benchmark, is trading around $82.45 during the early Asian trading hours on Thursday. WTI declines on a larger-than-expected build in US crude oil inventories. Traders will closely monitor the developments surrounding US-Iran talks for fresh impetus. 
Author  FXStreet
18 hours ago
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $82.45 during the early Asian trading hours on Thursday. WTI declines on a larger-than-expected build in US crude oil inventories. Traders will closely monitor the developments surrounding US-Iran talks for fresh impetus. 
placeholder
Gold Price Forecast: Can Gold Keep Rising After Reclaiming $4,400 as Markets Await Upcoming CPI Data?During Wednesday's Asian trading session, spot gold (XAUUSD) extended its rebound, reclaiming $4,400/oz. As of 11:08 Beijing time on August 12, spot gold was trading at $4,414.705/oz, up
Author  TradingKey
Yesterday 10: 15
During Wednesday's Asian trading session, spot gold (XAUUSD) extended its rebound, reclaiming $4,400/oz. As of 11:08 Beijing time on August 12, spot gold was trading at $4,414.705/oz, up
placeholder
WTI advances above $82.50 due to mixed signals regarding potential US-Iran dealWest Texas Intermediate (WTI) oil price extends its gains for the third successive day, trading around $82.70 per barrel during the Asian hours on Wednesday. Crude oil prices advance as investors weigh mixed signals regarding a potential deal between the United States (US) and Iran.
Author  FXStreet
Yesterday 01: 16
West Texas Intermediate (WTI) oil price extends its gains for the third successive day, trading around $82.70 per barrel during the Asian hours on Wednesday. Crude oil prices advance as investors weigh mixed signals regarding a potential deal between the United States (US) and Iran.
placeholder
Gold Price Forecast: Cooling Rate Hike Expectations Push Gold Above $4,400, Eyeing $4,500 Next As of the European session on August 11, gold prices (XAUUSD) briefly topped $4,400 intraday, reaching a high of $4,435.2, its highest level since June 5. However, gains subsequently narr
Author  TradingKey
Aug 11, Tue
As of the European session on August 11, gold prices (XAUUSD) briefly topped $4,400 intraday, reaching a high of $4,435.2, its highest level since June 5. However, gains subsequently narr
goTop
quote