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The Nuclear Company raises $46M to develop massive reactor sites
TechCrunch
·
1m ago
Medial
The Nuclear Company, a startup founded in 2023, has secured $46.3 million in Series A funding to develop nuclear reactors using existing designs. Prioritizing sites with existing permits, they aim to establish 6 gigawatts of capacity in their first fleet. Recent power shortages have driven tech companies towards nuclear power, despite competition from solar energy. However, potential subsidy cuts threaten nuclear power's financial viability, with many projects not expected to launch until the 2030s.
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Sam Altman to step down as Oklo chairman
Economic Times
·
2m ago
Medial
OpenAI CEO Sam Altman will step down as chairman of Oklo, a nuclear technology startup, to potentially facilitate a collaboration with OpenAI. This move led to an over 11% drop in Oklo's shares. Jacob DeWitte, Oklo CEO and co-founder, will assume the chairman role. Oklo plans to develop a small modular nuclear reactor by 2027 and continues exploring partnerships, especially with AI companies, aiming to enhance sustainable energy solutions as interest in nuclear power resurges.
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Meta to Buy 1,121 MW of Nuclear Power From Constellation's Clinton Plant in 20-Year Deal Starting 2027 | DeepNewz Economics
Business Bytes
·
1m ago
Medial
Meta has entered a 20-year agreement with Constellation Energy to purchase 1121 MW of nuclear power from the Clinton Clean Energy Center in Illinois. Additionally, Constellation is contemplating the construction of another reactor at the site, enhancing its energy production capabilities.
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The First Small-Scale Nuclear Plant in the US Died Before It Could Live
Wired
·
1y ago
Medial
The first small-scale nuclear reactor project in the US has been canceled. The Carbon Free Power Project (CFPP), led by startup NuScale, was initially hailed as a way to revive the US nuclear industry. However, the project faced setbacks due to increasing projected costs and difficulties in finding enough customers to buy its power. The cancellation has prompted skepticism about the viability of small modular reactors as a cheaper alternative to large-scale nuclear plants. NuScale remains focused on its other projects, including building reactors in Romania and powering data centers with Standard Power.
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Reliance, Tata Power, Adani Eye Nuclear Boom by 2047 Despite Policy Gaps
OutlookIndia
·
2m ago
Medial
India plans to achieve 100 GW of nuclear power by 2047, attracting private sector interest but facing policy challenges. The government introduced the BSR program allowing Pressurised Heavy Water Reactor development for private captive use, requiring strict entry criteria to mitigate implementation and funding risks. However, existing policy gaps, lengthy approval processes, and development risks hinder progress. Foreign companies may soon invest with potential policy amendments, increasing private-public partnerships in India's nuclear sector.
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US nuclear plant Three Mile Island to reopen to power Microsoft
Economic Times
·
9m ago
Medial
Constellation Energy has announced that Three Mile Island, the site of America's worst nuclear accident, will restart operations to provide power to Microsoft. The 20-year agreement involves restarting Unit 1, which was shut down for economic reasons in 2019. Microsoft plans to use the energy to support power grids in the mid-Atlantic states, an area known for its high demand from data centers. Tech companies like Microsoft, Amazon, and Google are increasingly turning to nuclear power to meet the growing electricity demands of AI and data centers. The Three Mile Island reactor is expected to come back online in 2028.
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US nuclear plants won't power up Big Tech's AI ambitions right away
Economic Times
·
9m ago
Medial
Constellation Energy and Microsoft are planning to reopen the Three Mile Island nuclear plant to power their expanding AI data centers. The move comes as data center power consumption is projected to double by 2030, leading tech companies to seek energy sources for their growing needs. However, there are regulatory hurdles, potential supply chain issues, and local opposition that need to be overcome. The reopening plan for the Pennsylvania-based plant's Unit 1 reactor, which closed five years ago, aims to offset the power consumption of Microsoft's data centers in the region. Similar nuclear contracts for data centers are also being considered.
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Sam Altman-backed Oklo signs power agreement with data centre operator
Economic Times
·
6m ago
Medial
Nuclear startup Oklo has signed an agreement to provide power to data center operator Switch. Oklo will develop Aurora powerhouse nuclear reactors with a total capacity of 12 GW, powering data centers through 2044. This move highlights the growing demand for clean and reliable energy sources like nuclear power, as several US utilities are signing similar deals to power tech companies' data centers. Oklo's stock rose 12% following the news. Switch operates renewable energy-powered data centers and serves clients like Google and PayPal, while Oklo aims to develop modular nuclear reactors by 2027.
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Unprovoked and unacceptable: Russia condemns Israel's Operation Lion strikes on Iran
Economic Times
·
28d ago
Medial
Moscow condemned Israel's airstrike on Iran as "unprovoked and unacceptable," warning of regional instability. Russia accused Israel of violating international law, highlighting its conscious choice to escalate tensions. Israel's Operation Rising Lion targeted Iranian nuclear sites, killing both civilians and military personnel. Israel claimed it intended to counter threats from Iran's nuclear program. Iran labeled the strikes a "declaration of war," urging the UN Security Council to respond amid escalating hostilities.
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Israel used long-planned subterfuge in attack on Iranian nuclear targets, Israeli sources say
Economic Times
·
28d ago
Medial
Israel executed a meticulously planned covert attack on Iranian nuclear and military sites, involving Mossad commandos and airstrikes by 200 warplanes. The strategies included extensive preparation and subterfuge, misleadingly suggesting focus on U.S. negotiations to maintain surprise. The attack targeted nuclear facilities and military commanders, raising tensions and oil prices. Iran condemned the actions as unlawful and promised retaliation, escalating regional geopolitical tensions. Israel's strategic deception aimed to minimize immediate counteraction.
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Iran launches ballistic missiles at Israel in response to Israeli strikes; explosions rock Tel Aviv
Economic Times
·
28d ago
Medial
Iran launched ballistic missiles at Israel following Israeli strikes that targeted Iran's nuclear program and military sites, killing several military leaders. Explosions were reported in Jerusalem and Tel Aviv, but no casualties were immediately confirmed. Iran's response to the Israeli attacks, described as significant since the 1980s Iran-Iraq war, has escalated tensions over Iran's nuclear advancements. Israeli residents were ordered to seek shelter as dozens of missiles were reportedly launched by Iran.
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