Amazon goes nuclear, to invest more than $500 million to develop small modular reactors

October 16, 2024 CNBC

• AWS announced it has signed an agreement with Dominion Energy, Virginia’s utility company, to explore the development of a small modular nuclear reactor, near Dominion’s existing North Anna nuclear power station.

• AWS, Amazon’s subsidiary in cloud computing, has a massive and increasing need for clean energy as it expands its services into generative AI. The agreement is also a part of Amazon’s path to net-zero carbon emissions.

Amazon is the latest large tech company to buy into nuclear power to fuel the growing demands from data centers. Earlier this week, Google announced it will purchase power from SMR developer Kairos Power. Constellation Energy is restarting Three Mile Island to power Microsoft data centers.

SOURCE MATERIAL: https://www.cnbc.com/2024/10/16/amazon-goes-nuclear-investing-more-than-500-million-to-develop-small-module-reactors.html

SEE ALSO : https://www.cnbc.com/2024/09/20/constellation-energy-to-restart-three-mile-island-and-sell-the-power-to-microsoft.html