A publicly traded nuclear energy company has a new ambition: powering artificial intelligence cloud computing.
What’s happening:
- NANO Nuclear Energy (NASDAQ: NNE) has entered into a new partnership with Blockfusion to power artificial intelligence cloud computing through their micro reactor technology
Why it matters:
- Artificial intelligence cloud computing is demanding enormous amounts of new power supply for data centres, which recently led to the Department of Energy to commit billions of dollars to upgrading power grids across the United States of America
Going deeper:
- Blockfusion operates a data centre in New York that was formerly an operational coal power plant and now runs entirely off of hydroelectricity provided by Niagara Falls
- NANO Nuclear Energy and Blockfusion are collaborating on potential ways to integrate nuclear power onsite to provide electricity for artificial intelligence cloud computing through leveraging NANO Nuclear’s micro reactors which are purpose built for remote applications due to their small size
The intrigue:
- Amazon (NASDAQ: AMZN) previously acquired a data centre campus located in Pennsylvania that is powered entirely by nuclear energy
