U.S. Energy Secretary Chris Wright says it's critical that the nation be out in front when it comes to artificial intelligence
Big Tech is driving a race for small modular reactors (SMRs) to meet the surging electricity demand of AI data centers
Silicon Valley is looking at hydrogen and nuclear energy alternatives to meet the energy demands of the AI race.
Paris-based developer Newcleo raised $151mn in September and US-based developers Blue Energy and Last Energy raised $45mn and $40mn respectively last year. Nano Nuclear Energy, a developer of microreactors which listed in May, raised $134mn capital in 2024.
High-flying AI stocks tumbled on Friday amid a broad risk-averse pivot on Wall Street. Utilities Constellation Energy Corp. ( CEG) and Vistra ( VST) each closed about 8% lower, while nuclear energy technology company Oklo ( OKLO) slid 9%. Oklo, which is backed by OpenAI CEO Sam Altman, lost nearly 30% of its value this week.
Everstar raised $4M in Pre-Seed funding led by Third Prime VC, with participation from Pelican Energy Partners, EXCEL Services, Virta Ventures, Generational Partners, Page One Ventures, and a distinguished group of angel investors with deep expertise in artificial intelligence, energy, aerospace, and defense.
Nuclear developers are benefitting from long-term power purchase agreements (PPAs) with Big Tech companies racing to secure 24/7 clean energy supply for large data centers.
Holtec International has signed an agreement with Hyundai Engineering and Construction to build two small modular reactors (SMRs) at the Palisades nuclear plant in Michigan, CNBC reported on Tuesday.
Big news in the artificial intelligence (AI) space over the weekend is shaking up stock prices at AI app-maker C3.ai (NYSE: AI) and small modular nuclear power plant-builder NuScale Power (NYSE: SMR) this morning,
Iwate and Fukushima Prefectures were ravaged by the 2011 tsunami that precipitated a catastrophic nuclear disaster. Now, this tragic, beguiling region is welcoming travellers back. Harrods' sale of the fruit is part of efforts to restore trust after the 2011 radiation leak.