The big uranium news, stateside, today, was Alphabet joining Microsoft and Amazon in financially-committing to backstop the nuclear power buildout. Hard to imagine a stronger long-term demand picture for uranium.
WASHINGTON, Oct 14 (Reuters) - Alphabet's (GOOGL.O), opens new tab Google said on Monday
it signed the world's first corporate agreement to buy power from multiple small modular reactors to meet electricity demand for artificial intelligence.The technology company's agreement with Kairos Power aims to bring Kairos' first small modular reactor online by 2030, followed by additional deployments through 2035.
The companies did not reveal financial details of the agreement or where in the U.S. the plants would be built. Google said it has agreed to buy a total of 500 megawatts of power from six to seven reactors, which is smaller than the output of today's nuclear reactors.
"We feel like nuclear can play an important role in helping to meet our demand ... cleanly in a way that's more around the clock," Michael Terrell, senior director for energy and climate at Google, told reporters on a call.
Technology firms have signed several recent agreements with nuclear power companies this year as artificial intelligence boosts power demand for the first time in decades.In March, Amazon.com (AMZN.O), opens new tab purchased a nuclear-powered datacenter from Talen Energy (TLN.O), opens new tab. Last month, Microsoft (MSFT.O), opens new tab and Constellation Energy (CEG.O), opens new tab signed a power deal to help resurrect a unit of the Three Mile Island plant in Pennsylvania, the site of the worst U.S. nuclear accident in 1979.
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