Elementl Power announced on Wednesday that it has teamed up with the Google technology giant (Googl) in order to develop three advanced nuclear reactors sites, while technological companies are looking for reliable energy to respond to the growing requests from the data center. Although the financial details have not been shared, Google will provide funding at an early stage for tasks as the site allows, the guarantee of connections with the electrical network and the management of contractual negotiations. Each site will have at least 600 megawatts of energy, and Google will be able to buy electricity once it is executed. For the moment, the sites of the sites have not been revealed.
Elementl Power, which started in 2022, has not yet built nuclear sites and has not chosen reactor technology it will use. The company plans to select the most advanced option available when construction starts. CEO Chris Colbert, who has experience of Nuscale Power, said that partnerships like this are essential to increase the large sums of money necessary for nuclear projects. Once these projects have reached the final investment phase, Elementl plans to raise more funds from infrastructure investors. Its objective is to add 10 gigawatts of nuclear energy to the network by 2035.
Interesting, this is not Google’s first decision in nuclear energy. Indeed, last October, he agreed to buy energy from the small modular reactors of Kairos Power, the first planned by 2030. Although some, like the AI Deepseek startups, think that improved AI models could reduce the need for more power, businesses like Amazon (AMZN) and Nvidia (NVDA) always see rapid growth. In fact, the co-founder of Anthropic, Jack Clark, recently estimated that 50 new power gigawatts (approximately the size of 50 nuclear power plants) will be necessary by 2027 to support the development of the AI.
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