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
Silver Price Forecast: XAG/USD falls like house of cards on Fed’s hawkish narrativeSilver price (XAG/USD) is down 4.3% to near $61.50 during the European trading session on Monday. The white metal nosedives as elevated United States (US) Treasury Yields have diminished its appeal.
Author  FXStreet
10 hours ago
Silver price (XAG/USD) is down 4.3% to near $61.50 during the European trading session on Monday. The white metal nosedives as elevated United States (US) Treasury Yields have diminished its appeal.
placeholder
Gold Falls Below $4,200 in Single-Day Drop of Over $100: Why Are Gold Prices Plunging? As of the Asian session on September 28, international gold prices continued their recent weakness, with spot gold (XAUUSD) falling below $4,200 intraday to a low of $4,179.42, down over
Author  TradingKey
10 hours ago
As of the Asian session on September 28, international gold prices continued their recent weakness, with spot gold (XAUUSD) falling below $4,200 intraday to a low of $4,179.42, down over
placeholder
Four jobs reports in five days: what JOLTS, ADP, claims and the September payrolls mean for the October Fed decisionThe US labour market faces its densest data week of the month. JOLTS job openings land Tuesday (7.2 million expected), ADP on Wednesday (70,000 expected), initial claims on Thursday and the September non-farm payrolls on Friday (100,000 expected, down from 162,000). Markets price a 64%-70% chance of another quarter-point Fed hike on October 28. The dollar index sits at 100.77 and the S&P 500 at 7,729.8.
Author  Mitrade
13 hours ago
The US labour market faces its densest data week of the month. JOLTS job openings land Tuesday (7.2 million expected), ADP on Wednesday (70,000 expected), initial claims on Thursday and the September non-farm payrolls on Friday (100,000 expected, down from 162,000). Markets price a 64%-70% chance of another quarter-point Fed hike on October 28. The dollar index sits at 100.77 and the S&P 500 at 7,729.8.
placeholder
Brent edges toward $99 as Trump rejects Iran's Hormuz proposal — why the war-risk premium won't rebuildBrent crude rose 0.92% to $98.51 and WTI gained 1.15% to $93.51 after President Trump rejected Iran's seven-day proposal to reopen the Strait of Hormuz. But both benchmarks remain about 12% below their early-September highs, because supply never actually stopped. Hormuz flows ran at 33.7 million barrels this week, in line with the prior week, and Saudi Arabia's East-West pipeline restarted on September 22.
Author  Suzie
13 hours ago
Brent crude rose 0.92% to $98.51 and WTI gained 1.15% to $93.51 after President Trump rejected Iran's seven-day proposal to reopen the Strait of Hormuz. But both benchmarks remain about 12% below their early-September highs, because supply never actually stopped. Hormuz flows ran at 33.7 million barrels this week, in line with the prior week, and Saudi Arabia's East-West pipeline restarted on September 22.
placeholder
Middle East War updates: Trump says he expects renewed Iran talks this weekHere’s a brief recap of the key developments in the Middle East war that occurred over the weekend, which are expected to have a significant impact on markets in the upcoming week.
Author  FXStreet
18 hours ago
Here’s a brief recap of the key developments in the Middle East war that occurred over the weekend, which are expected to have a significant impact on markets in the upcoming week.
goTop
quote