Google inks deal to develop 1.8 GW of advanced nuclear power

Core Insights - Google is collaborating with Elementl Power to develop three advanced nuclear reactor sites to meet increasing energy demands driven by its AI initiatives [1][2] - Each site is expected to add at least 600 megawatts of generating capacity, with the option for Google to purchase power directly from the reactors [2] - Elementl Power is adopting a technology-agnostic approach, considering various small modular reactor (SMR) companies for the projects, with Kairos Power being a potential frontrunner [3] Company Developments - Elementl Power, backed by Breakwater North and Energy Impact Partners, has been operating quietly until this recent announcement, despite having a team experienced in the nuclear industry [2] - The company has not yet developed any power plants, indicating a focus on future projects rather than past achievements [2] Industry Trends - The trend towards SMRs is gaining traction in Silicon Valley, with startups aiming to reduce reactor costs through mass manufacturing and the potential for 24/7 power supply close to data centers [5] - Despite the interest and investment in SMRs, no SMR has been built outside of China, highlighting the challenges in bringing these technologies to market [6] - NuScale, a notable startup in the SMR space, faced setbacks in 2023 when its utility partner canceled a contract due to a significant increase in project costs [6]