Big Tech has been going nuclear over its AI data centers, turning to energy startups to build nuclear reactors to meet the energy demands of artificial...
Big Tech has been going nuclear over its AI data centers, turning to energy startups to build nuclear reactors to meet the energy demands of artificial intelligence. This ranges fromwith some of the large hyperscalers. But those are more indirect ways to invest in the trend," Gianarikas tells Yahoo Finance, claiming that the US energy grid"isn't ready to deal with" surges in electricity consumption for AI.
We're just a few minutes left until the closing bell on Wall Street, we're looking at how to play the nuclear energy sector with the Yahoo finance playbook.Thank you so much for being here.In other words, there are not a lot of publicly traded pure play um nuclear companies.Well, we cover a couple of companies that emerging reactor company for one called New Scale.
And if that happens, our grid isn't ready to deal with it, which is why companies like Amazon and Google are investing in energy resources that are baseload and clean.And George, you know, building these reactors um very capital intensive.So what's happening is in certain circumstances that utilities are owning the reactors in other circumstances and this is where we think there's a bottleneck in the sector.
So that's a very, very important piece of paper, so to speak that they've gotten from our government from the NRC and they're the only company today, at least that has approval for a react, a small modular reactor design.But they are, but they're the only one that has that approval from the US NRC. They made an interesting announcement but uh that lab scale technology, hopefully they can bring out commercially.
And so think of and if that growth accelerates, imagine how many reactors we need to help that demand just from an acceleration perspective there's a lot of potential uh reactors that we need. You know, that's the feed stock that you put in to and then you enrich it, you isolate a certain isotope of uranium to then put into the reactor as fuel to make it generate, to help it generate electricity.When you invest in uranium, when you invest in the utilities, they tend to own the nuclear generation assets, right?
Nuclear Reactors George Gianarikas Artificial Intelligence Julie Hyman Google US Nuclear Regulatory Commission
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