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Utilities Select Sector SPDR Fund Newsroom
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Is AI sparking a nuclear energy revival? Google will purchase nuclear reactor electrical utilities, and nuclear power stocks are bullish in the market.
More and more large technology companies are turning to nuclear energy to meet the increasing electrical demand of their datacenters, and nvidia CEO Huang Renxun has previously stated that nuclear energy may be a viable option to meet AI energy needs. Therefore, nuclear power stocks are worth investors' attention.
AI is ushering in a wave of nuclear energy! Google has signed a nuclear power purchase agreement to power the datacenter.
1. Google has signed an agreement with nuclear energy startup Kairos Power to provide electrical utilities for Google's datacenter; 2. The agreement will add about 500 megawatts of carbon-free electrical utilities for Google, with the first small reactor in the agreement expected to be operational before 2030; 3. Google executives said that the agreement is a milestone in Google's 15-year journey of clean energy.
Nuclear power has become a technology giant's "new favorite", Google purchases Kairos small nuclear reactor power to support AI.
The electrical utilities demand in datacenters has surged.
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