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Non-Tech : Kirk's Market Thoughts

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To: Julius Wong who wrote (20956)	10/16/2024 11:02:40 AM
From: Julius Wong	2 Recommendations of 27225

Amazon latest tech giant to sign deals to invest in small nuclear reactors to power AI Oct. 16, 2024 9:15 AM ET By: Carl Surran, SA News Editor vchal/iStock via Getty Images Amazon ( AMZN) said Wednesday it is investing in small nuclear reactors, coming just two days after a similar announcement by Google; advanced nuclear tech companies NuScale Power (NYSE: SMR) +8.3%, Oklo (NYSE: OKLO) +8.1% and Nano Nuclear Energy ( NNE) +7.8% pre-market. Amazon Web Services ( AMZN) said it signed an agreement with Dominion Energy ( D) to explore the development of a small module nuclear reactor near Dominion's existing North Anna nuclear power station. Amazon ( AMZN) also will invest in reactor developer X-energy for its early development work, and collaborate with regional utility consortium Energy Northwest in Washington state to support construction of four X-energy reactors there. Combined, the announcements could account for more than 5,000 MW of power by the late 2030s with the potential for more.

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