Mentioned:
There’s a new technology giant getting in on nuclear energy.
What’s happening:
- Meta Platforms (NASDAQ: META) has officially announced a request for proposals from nuclear power developers to build out large scale nuclear energy infrastructure in the United States of America
Why it matters:
- Meta is now joining other technology giants including Google (NASDAQ: GOOG), Amazon (NASDAQ: AMZN) and Microsoft (NASDAQ: MSFT) in committing to nuclear energy to power their new data centres
By the numbers:
- Meta is looking to develop 4 gigawatts of nuclear power within the United States
Going deeper:
- Both traditional large nuclear reactors and small modular reactors are of interest to Meta, as they are planning to use the energy being produced to power nearby data centres
- New nuclear reactor technology to power data centres has been one of the most important trends in the public markets lately, with Sam Altman backed Oklo (NYSE: OKLO) previously cutting a significant deal with multiple data centres operators to leverage their proprietary Aurora powerhouses for zero carbon electricity
The intrigue:
- Meta has been exploring many different types of renewable energy sources for their American based data centres, previously inking a deal with geothermal energy startup Sage Geosystems
