Consultancy Mott MacDonald will study the commercial readiness of small modular reactors and other nuclear technologies https://t.co/M9mfhLNEZi ...

Core Insights - Amazon is leveraging an emerging trend where major tech firms are purchasing power directly from existing nuclear power plants, specifically acquiring 1.92 gigawatts of electricity from Talen Energy's Susquehanna nuclear power plant in Pennsylvania [1][4] - This agreement modifies a previous arrangement that was halted by regulators due to concerns over unfair cost burdens on customers [2][3] - The revised power purchase agreement will now be billed like other grid-connected customers, with the deal extending through 2042 [4] Group 1: Amazon's Power Purchase Agreement - The new deal allows Amazon to power its AWS cloud and AI servers using electricity from the Susquehanna plant [1] - The previous arrangement involved building a data center next to the plant, which was rejected by regulators [2][3] - The current agreement will include transmission fees that support grid maintenance and development [3][4] Group 2: Industry Trends and Collaborations - Microsoft initiated this trend last year with a $1.6 billion project to restart a reactor at Three Mile Island, generating 835 megawatts [7] - Meta also joined the trend by purchasing clean energy attributes from a 1.1 gigawatt nuclear power plant in Illinois [7] - Amazon and Talen plan to explore building small modular reactors (SMRs) and expanding existing nuclear power generation [4][8] Group 3: Future Developments - The expansion of existing power plants is seen as a more feasible method to increase nuclear energy output [5] - Amazon has invested in an SMR startup, X-energy, which aims to add 300 megawatts of nuclear capacity in the Pacific Northwest and Virginia [8] - The goal of these initiatives is to add new energy to the PJM grid, addressing potential regulatory concerns [9]

Group 1: Market Overview - Wall Street's uncertainty has diminished as trade war concerns with China and inflationary fears have eased, leading to increased investor confidence [1] - Inflation report showed a decline for the third consecutive month, with grocery prices experiencing the largest drop in nearly five years and gas prices falling for three months in a row [1] Group 2: First Solar (FSLR) - First Solar shares surged nearly 20% and are up 50% in May due to favorable solar incentives remaining intact and not being affected by budget cuts [2] - Wolfe upgraded FSLR to outperform, projecting potential earnings of $10 billion from 45X credits, equating to approximately $92 per share [2] - Deutsche Bank also provided a positive outlook, labeling FSLR as a 'safe one' amidst changes, with less impact from 45X credits [2] - FSLR's stock regained its 200-day moving average with trading volume increasing to five times the norm [2] Group 3: CoreWeave (CRWV) - CoreWeave is showing a classic IPO u-turn base structure, with shares gaining nearly 10% and approaching all-time highs ahead of earnings [3] - The company is recognized for providing substantial processing power for large-scale computing and AI, backed by institutional investors like Nvidia [3] - CRWV's performance is compared to Google's breakout from a similar structure, indicating strong potential for future growth [3] Group 4: Oklo (OKLO) - Oklo shares increased by over 10% following positive results from NuScale Power, a fellow nuclear small modular reactor company [5] - The company is expected to report earnings soon, with heightened interest due to the approval of NuScale by the US Nuclear Regulatory Commission [5] - The current political climate may expedite further approvals in the nuclear sector, especially with Chris Wright, a former OKLO board member, now serving as the US Secretary of Energy [5]

Core Insights - Google has signed an agreement with Elementl Power to develop three advanced nuclear reactor sites to meet the energy demands of data centers [1][2] - Each site is expected to generate a minimum of 600 megawatts of power capacity, with Google having the option to purchase the power once operational [2][3] - Elementl Power aims to add 10 gigawatts of nuclear power to the grid by 2035, indicating a significant commitment to nuclear energy development [6] Company Initiatives - Google is investing in early-stage development capital for the nuclear projects, focusing on site permitting and securing interconnection rights [2][5] - The collaboration is part of Google's strategy to enhance power grid reliability and support the growing energy needs driven by AI and innovation [3][6] - Elementl Power, founded in 2022, is currently technology agnostic regarding reactor types and will select the most advanced technology when construction begins [4][5] Industry Context - The demand for baseload power is increasing, with estimates suggesting that 50 gigawatts of new power capacity will be needed by 2027 to support AI [7][8] - Other tech companies, including Amazon and Nvidia, have acknowledged the ongoing need for reliable power sources despite concerns about AI efficiency reducing energy requirements [7]