Atomic Prime - From Heatmap

Atomic Prime - micheletkearney@gmail.com - Gmail Another hyperscaler invests in large existing nuclear Almost exactly two years ago, nuclear energy had its Big Tech glow-up. Amazon took an equity stake in X-energy, a developer of helium-cooled small modular reactors. Google invested in Kairos Power, another fourth-generation SMR designer that uses molten salt as a coolant. Microsoft, meanwhile, agreed to pay $16 billion to restart the functioning reactor at Constellation Energy’s Crane Clean Energy Center, formerly known as Three Mile Island. With electricity demand now surging, however, hyperscalers are increasingly following the more conservative Microsoft playbook. Google, as I previously told you, backed plans to bring Iowa’s lone nuclear plant, NextEra Energy’s Duane Arnold station, online again. Facebook-owner Meta — in addition to investments in two next-generation reactor companies, Oklo and TerraPower — inked a deal to buy nuclear electricity from two of utility Vistra’s plants in Ohio and Pennsylvania for the next 20 years. Now Amazon is securing itself a chunk of the nation’s existing nuclear fleet. This week, the retail and web-hosting giant signed its own 20-year deal to buy power from Constellation’s Calvert Cliffs Clean Energy Center in Maryland, committing more than $3 billion in investments to upgrade the two-reactor facility that will allow the operators to squeeze out another 190 megawatts of capacity on top of the existing 1.8 gigawatts. “This agreement demonstrates how private investment can strengthen critical energy infrastructure,” Constellation CEO Joe Dominguez said in a statement. “Amazon’s commitment supports the long-term operation of Calvert Cliffs for generations to come.”