Alphabet's Google Says Signs Deal To Buy Nuclear Power From Small Modular Reactors To Be Developed By Kairos Power; Alphabet And Kairos Say Deal Is For 500 Megawatts Of Power From SMRS; Agreement Intends To Bring Kairos Power's First SMR Online By 2030, With More Deployments Through 2035
Portfolio Pulse from Benzinga Newsdesk
Alphabet's Google has signed a deal with Kairos Power to purchase 500 megawatts of power from small modular reactors (SMRs) to meet its growing electricity demand, particularly from AI. The agreement aims to bring the first SMR online by 2030, with more deployments through 2035. This move is part of a broader trend of tech companies investing in nuclear power to address increasing energy needs.
October 14, 2024 | 7:06 pm
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Google has signed a groundbreaking deal with Kairos Power to purchase 500 megawatts of power from small modular reactors, aiming to meet its AI-driven energy demands. The first reactor is expected online by 2030.
Google's agreement with Kairos Power to purchase power from SMRs is a strategic move to secure a stable and clean energy source for its growing AI operations. This could positively impact Google's stock as it demonstrates proactive steps in energy management and sustainability.
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