{"id":654060,"date":"2024-10-27T00:00:00","date_gmt":"2024-10-27T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/10\/27\/big-tech-is-looking-towards-micro-nuclear-reactors-to-powers-its-power-hungry-ai-ambitions\/"},"modified":"2024-10-27T00:00:00","modified_gmt":"2024-10-27T00:00:00","slug":"big-tech-is-looking-towards-micro-nuclear-reactors-to-powers-its-power-hungry-ai-ambitions","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/10\/27\/big-tech-is-looking-towards-micro-nuclear-reactors-to-powers-its-power-hungry-ai-ambitions\/","title":{"rendered":"Big Tech is looking towards micro nuclear reactors to powers its power-hungry AI ambitions"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Going nuclear. <\/strong>Big Tech is putting its resources behind developing nuclear technology in small modular reactors (SMRs) to support the rising demand for clean energy \u2014 especially to support power needs for artificial intelligence projects. Amazon and Google have stepped in and transformed SMRs from a niche concept to a mainstream investor goldmine, according to <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2024\/10\/25\/how-to-play-the-market-for-small-nuclear-reactors-that-tech-is-creating.html\" style=\"\" rel=\"noopener\">CNBC<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The world\u2019s fourth and fifth biggest companies have put their hat \u2014 and capital \u2014 in the <\/strong><strong>ring: <\/strong>This month, both Amazon and Google made substantial commitments to SMR projects. Google signed a deal to purchase power from Kairos, a developer specializing in small reactors, while Amazon announced a USD 500 mn investment aimed at advancing several nuclear initiatives.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Big Tech has changed the narrative around the once unfashionable energy source: <\/strong>Andrew Percoco, analyst at Morgan Stanley, sees enormous potential for SMRs, describing how tech companies are driving the demand and predicting a market growth of two to five gigawatts by 2035. \"In the absence of these tech companies, no one was going to build an SMR in the public utility world,\" said Paul Zimbardo, managing director at Jefferies.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Even companies not involved in Google and Amazon\u2019s projects are feeling the uptick in <\/strong><strong>investor interest.<\/strong> Nuclear energy company NuScale has seen a 54% increase in its market value over the past month, while Oklo has more than doubled, even though neither of them are involved in the Google and Amazon power deals.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Going nuclear. Big Tech is putting its resources behind developing nuclear technology in small modular reactors (SMRs) to support the rising demand for clean energy \u2014 especially to support power needs for artificial intelligence projects. Amazon and Google have stepped in and transformed SMRs from a niche concept to a mainstream investor goldmine, according to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":654061,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7215],"tags":[93,633,638,8329,639],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-654060","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-for-your-commute","tag-energy","tag-enterprisepm","tag-for-your-commute","tag-nuclear-power","tag-technology","wpautop","entry"],"acf":{"mongo_id":"72998682-5ca5-40b6-9fd3-40c93c2fb652","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/10\/2308.jpg","photo_position":"below","homepage_title":"","full_issue_title":"","related_issue":[654055],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/10\/.547b74b6-8ff5-4a4a-8b58-d435591b8533.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Big Tech is looking towards micro nuclear reactors to powers its power-hungry AI ambitions - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2024\/10\/27\/big-tech-is-looking-towards-micro-nuclear-reactors-to-powers-its-power-hungry-ai-ambitions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Big Tech is looking towards micro nuclear reactors to powers its power-hungry AI ambitions\" \/>\n<meta property=\"og:description\" content=\"Going nuclear. Big Tech is putting its resources behind developing nuclear technology in small modular reactors (SMRs) to support the rising demand for clean energy \u2014 especially to support power needs for artificial intelligence projects. Amazon and Google have stepped in and transformed SMRs from a niche concept to a mainstream investor goldmine, according to [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2024\/10\/27\/big-tech-is-looking-towards-micro-nuclear-reactors-to-powers-its-power-hungry-ai-ambitions\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-27T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2308.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/10\/27\/big-tech-is-looking-towards-micro-nuclear-reactors-to-powers-its-power-hungry-ai-ambitions\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/10\/27\/big-tech-is-looking-towards-micro-nuclear-reactors-to-powers-its-power-hungry-ai-ambitions\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Big Tech is looking towards micro nuclear reactors to powers its power-hungry AI ambitions\",\"datePublished\":\"2024-10-27T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/10\/27\/big-tech-is-looking-towards-micro-nuclear-reactors-to-powers-its-power-hungry-ai-ambitions\/\"},\"wordCount\":248,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/10\/27\/big-tech-is-looking-towards-micro-nuclear-reactors-to-powers-its-power-hungry-ai-ambitions\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2308.jpg?fit=%2C&ssl=1\",\"keywords\":[\"energy\",\"EnterprisePM\",\"FOR YOUR COMMUTE\",\"Nuclear Power\",\"technology\"],\"articleSection\":[\"FOR YOUR COMMUTE\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/10\/27\/big-tech-is-looking-towards-micro-nuclear-reactors-to-powers-its-power-hungry-ai-ambitions\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2024\/10\/27\/big-tech-is-looking-towards-micro-nuclear-reactors-to-powers-its-power-hungry-ai-ambitions\/\",\"name\":\"Big Tech is looking towards micro nuclear reactors to powers its power-hungry AI ambitions - 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The Chinese pushing the sale of \u201cnew, small-scale nuclear reactor designs that could be used in isolated regions, on ships and even aircraft as part of an ambitious plan to wrest control of the global nuclear market,\u201d according to a report by Reuters\u2019 David\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":573851,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/19\/permits-to-construct-the-dabaa-reactors-in-egypt-to-be-issued-in-2h2021\/","url_meta":{"origin":654060,"position":2},"title":"Permits to construct the Dabaa reactors in Egypt to be issued in 2H2021","author":"enterpriseam admin","date":"19 August 2020","format":false,"excerpt":"Permits for building of Dabaa reactors coming in 2H2021: The Nuclear and Radiological Regulatory Authority (ENRRA) expects to issue the construction permit for the reactors of the Dabaa nuclear power plant during the second half of 2021, Nuclear Power Plants (NPPA) Authority boss Amgad El Wekeel told Youm7. Rosatom\u2019s Atomstroyexport\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":584811,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/04\/05\/this-evening-russian-us-companies-eye-developing-small-nuclear-reactors-for-energy-production-in-egypt\/","url_meta":{"origin":654060,"position":3},"title":"THIS EVENING: Russian + US companies eye developing small nuclear reactors for energy production in Egypt","author":"enterpriseam admin","date":"5 April 2023","format":false,"excerpt":"Good afternoon, friends, and happy almost-THURSDAY. The weekend is within arm\u2019s reach and we\u2019re just about halfway through Ramadan, and both of these things make us very pleased, indeed.THE BIG STORY TODAY Two unnamed Russian and US companies are looking to develop small nuclear reactors to produce as much as\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/4\/249.jpeg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":575508,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/18\/dabaa-nuclear-power-plants-could-generate-4x-returns-for-egypt-rosatom\/","url_meta":{"origin":654060,"position":4},"title":"Dabaa nuclear power plants could generate 4x returns for Egypt -Rosatom","author":"enterpriseam admin","date":"18 October 2020","format":false,"excerpt":"The Dabaa nuclear power plant is expected to generate returns worth 4x the amount spent on its construction, Alexander Voronkov, CEO of Rosatom's Middle East unit, said in an interview with state news agency MENA. According to Voronkov, the project could make Egypt \u201cone of the leading\u201d countries in peaceful\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":642951,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/27\/phantom-or-not-the-dabaa-nuclear-power-plant-probably-is-not-our-best-idea\/","url_meta":{"origin":654060,"position":5},"title":"Phantom or not, the Dabaa nuclear power plant probably is not our best idea","author":"enterpriseam admin","date":"27 August 2017","format":false,"excerpt":"Phantom or not, the Dabaa nuclear power plant is probably not our best idea. Taking to the pages of Al Masry Al Youm, Amr El Zant says that the plant will hardly give us bang for our buck, particularly when compared to the cost and output of renewable energy projects.\u2026","rel":"","context":"In &quot;On Deadline&quot;","block_context":{"text":"On Deadline","link":"https:\/\/enterpriseam.com\/egypt\/category\/on-deadline\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/654060","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=654060"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/654060\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/654055"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/654061"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=654060"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=654060"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=654060"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=654060"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=654060"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}