nuclear-news

Google agrees to fund the development of three new nuclear sites

 Nuclear developer Elementl Power said Wednesday it’s signed an agreement
with Google. to develop three sites for advanced reactors. It’s the
latest example of tech giants teaming up with the nuclear industry in an
effort to meet the vast energy needs of data centers. Google will commit
early-stage development capital to the three projects, although the exact
terms of the deal remain private. Each site will generate at least 600
megawatts of power capacity, and Google will have the option to buy the
power once the sites are up and running. The proposed locations remain
private, but Elementl said Google’s funding will be used for things like
site permitting, securing interconnection rights to the transmission
system, contract negotiations and other early-stage matters.

 CNBC 7th May 2025, https://www.cnbc.com/2025/05/07/google-agrees-to-fund-the-development-of-three-new-nuclear-sites.html

May 11, 2025 - Posted by Christina Macpherson | business and costs