Watch out, world—Big Tech is making another move toward fusion power, and this time, it’s buying future power output. Google has signed the first formal offtake agreement for fusion power in the US with Commonwealth Fusion Systems. The expanded partnership is twofold: The companies declined to share financial details on a press call, including the […]
Big Tech is checking every nook and cranny for energy that can fuel a rapid and massive expansion of data centers. Nuclear has become a major part of that hunt, to the benefit of both traditional and advanced nuclear providers. But while one of the biggest deals between a nuclear operator and a hyperscaler has […]
Nuclear power is playing in the big leagues when it comes to attracting capital around the world. Each year, the International Energy Agency (IEA), an independent intergovernmental organization formed by the Organisation for Economic Cooperation and Development (OECD), counts up the dollars flowing into energy globally. This year, nuclear energy technologies are expected to pull […]
Why build a whole new nuclear power plant when you’ve got a perfectly good one already running? That’s the motivation behind a deal between data giant Meta and energy utility Constellation. This week, Meta agreed to a 20-year power purchase agreement for the entire output of the Clinton Clean Energy Center in Illinois beginning in […]
Go big or go home. NuScale Power ($SMR) announced last week that it has received NRC standard design approval for its second SMR plan. This reactor has the capacity to produce 77 MW of energy, compared to the 50 MW version of the design that the regulator approved in 2020. “With today’s announcement, NuScale continues […]
Dow is in at the NRC. The chemicals and plastics industrial giant announced in March that it would work with advanced nuclear firm X-energy to transition an industrial plant in Seadrift, TX to nuclear power. Now, the NRC has confirmed that it’s on board. The commission accepted—or docketed—the construction permit application for review this week. […]
Watch out, America. Canada wants to beat you to the punch. Ontario Power Generation (OPG), a Canadian utility, has earned permission from the government of Ontario to begin building the first SMR at the Darlington New Nuclear Project. The project has been years in the making—site preparation began in 2022—and with this last approval, construction […]
The hyperscalers are living up to their name, and scaling that fast comes with a growing hunger for power. In this case, we mean nuclear power. Yesterday, Google announced a strategic agreement with Elementl Power, a nuclear project development company, to advance site development for three nuclear projects. “Google is committed to catalyzing projects that […]
US data needs aren’t slowing down, and with more data demand comes a corresponding increase in energy consumption. Every energy think tank and analysis group out there has projections for just how much energy data centers will need in the coming years, and the numbers are high across the board. Current energy demand from data […]
Last October, Pacific Fusion emerged from stealth with a splashy $900M Series A and a commitment to build an inertial fusion machine based on the technologies that made the National Ignition Facility (NIF) and the Z Machine successful. Now, the company has come out with a roadmap to build a net gain facility by 2030—and […]
