Bursting Forward with cutting-edge Nuclear Tech: A peek at Google's and other tech giants' ventures
Nuclear developer inks agreement with Google for three pioneering energy initiatives
Google and Elementl Power in Alliance, pushing for Advanced Nuclear Technologies
In a revolutionary move, 'The Claman Countdown' panelists, Ernest Moniz and Simon Irish, discussed Terrestrial Energy merging with HCM II Acquisition, marking the initial public salt nuclear reactor developer. On Google’s part, they announced their push to support Elementl Power's advancement of three nuclear sites with an investment, aiming to provide a 24/7, reliable energy source. This investment gives Google the option for commercial off-take from the constructed, powered-up projects. Google's Global Head of Data Center Energy highlighted their commitment to strengthening power grids and encourages AI and American innovation.
States eyeing Small Advanced Nuclear Reactors for power needs
Elementl Power plans to generator a minimum of 600 megawatts at each site. Partnering with Google, the company aims to identify and advance new projects alongside utility companies and regulatory partners. Google's collaboration with Elementl aims to move at the pace needed to capitalize on the nuclear technology moment, with Elementl seeking to bring significant nuclear capacity online by 2025, aiming to introduce over 10 new gigawatts by the next decade.
Google's agreement with Elementl Power follows their previous deal with Kairos Power, where Google will purchase electricity from multiple SMRs, planned to go live by 2030.
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Consistent with Google's foray into nuclear energy, Microsoft has teamed up with Constellation for a 20-year power purchase agreement to restart the Three Mile Island reactor in Pennsylvania. Amazon, too, entered three agreements focused on nuclear energy project development with Energy Northwest, X-energy, and Dominion Energy.
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The Rising Tide of Advanced Nuclear Technologies
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The global nuclear capacity is expected to expand significantly by 2035 due to the emergence of Small Modular Reactors (SMRs), posing as a key element in the transition to cleaner energy systems. Countries like the U.S., Canada, the UK, China, and Russia are pioneering development and deployment of SMRs, revitalizing the nuclear energy sector.
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While not explicitly stated in the article, major tech companies like General Electric and Westinghouse, Microsoft, Google, and Bill Gates' TerraPower are expected to play a significant role in the development and deployment of advanced nuclear technologies, given their investments in and support for clean energy projects.
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| Ticker | Security | Last | Change | Change % || --- | --- | --- | --- | --- || GOOGL | ALPHABET INC. | 152.75 | -1.53 | -0.99% || Powered By |
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- The merger of Terrestrial Energy with HCM II Acquisition, discussed by Ernest Moniz and Simon Irish, is an initial public step towards advancements in salt nuclear reactors, a move that Google is supporting with a capital investment aimed at enhancing science and technology.
- Elementl Power, with support from Google, plans to site and advance three nuclear projects, each generating a minimum of 600 megawatts, and hopes to bring significant nuclear capacity online by 2025, with the intention of introducing over 10 new gigawatts by the next decade.
- In line with its commitment to strengthening power grids and American innovation, Google has made similar previous investments with Kairos Power, and is planning to go live with several Small Modular Reactors by 2030.
- As major tech companies like Google push forward with nuclear energy ventures, competitors such as Microsoft and Amazon are also entering agreements with various nuclear energy project developers, signaling the rising tide of advanced nuclear technologies in the global transition to cleaner energy systems.
