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Nuclear-power stocks fell after regulators voted against a deal between Amazon and Talen Energy. The deal would permit a Talen nuclear plant to provide an Amazon data center with extra power.
Constellation Energy stock fell 12.5% Monday amid a broader decline in nuclear power stocks following the US government's rejection of another Big Tech nuclear power agreement late Friday.
In November, PBS News reported that Amazon has become the "biggest investor" in an Energy Northwest project to build four small modular nuclear reactors (SMRs) in Hanford, Wash., outputting 320 ...
On Monday, Google said it was signing a contract to purchase nuclear energy from multiple small modular reactors that Kairos Power, a nuclear technology company, plans to develop. The news highlights “the technologies that we’re going to need to achieve round the clock clean energy, not only for Google but for the world,” Michael Terrell ...
Big Tech, including Amazon and Microsoft, is pursuing nuclear power to meet soaring energy demands for generative AI and data centers.
Under a regime of martial law, President Ferdinand Marcos in July 1973 announced the decision to build a nuclear power plant. This was in response to the 1973 oil crisis, as the Middle East oil embargo had put a heavy strain on the Philippine economy, and Marcos believed nuclear power to be the solution to meeting the country's energy demands and decreasing dependence on imported oil.
The Philippine Research Reactor-1 was built under the Atoms for Peace nuclear research exchange program of the United States. [1] The reactor which had its first criticality on August 26, 1963, [ 2 ] was built by U.S. firm General Atomics and was originally a 1 MW MTR-type open pool general-purpose reactor. [ 1 ]
Big Tech continues to go nuclear as the AI boom drives energy demand to new heights. Amazon anchored a $500 million investment in X-energy.