Amazon Is Betting Big On Small Nuclear Reactors To Power Its Data Centers

Forbes Daily Briefing

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4.6 • 12 Ratings

🗓️ 18 October 2024

⏱️ 5 minutes

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Summary

As Amazon announces three major nuclear deals, AWS CEO Matt Garman told Forbes he sees unique potential for advanced, small reactors to provide widespread clean power.

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Transcript

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0:00.0	Here's daily briefing for Friday, October 18th.
0:05.0	Today on Forbes, Amazon is betting big on small nuclear reactors to power its data centers.
0:13.0	Amazon is betting big on nuclear power to help drive a massive data center expansion
0:18.0	that includes more than 52 billion dollars across just three U.S. states.
0:24.0	Amazon and Dominion Energy, the $48 billion market cap energy
0:28.6	behemoth, announced Wednesday that they've entered into an agreement to explore the development of small modular
0:35.1	reactors, a type of advanced nuclear reactor less than 10% the size of a traditional nuclear
0:40.6	plant in Virginia.
0:43.0	Amazon simultaneously announced an agreement to fund the development and deployment of
0:48.0	small modular reactors in Washington State with the Public Power Agency Energy Northwest.
0:54.0	Amazon signed a separate agreement with X Energy,
0:57.0	the developer of small modular reactors,
1:00.0	also known as SMRs, that is Building One as part of the partnership with Energy Northwest.
1:05.6	The startup is currently building its first advanced reactor with Chemical Giant Dow
1:10.3	in Seidrift, Texas. As part of its agreement with X Energy,
1:14.0	Amazon is anchoring a $500 million investment in the startup,
1:18.0	which was founded by billionaire serial entrepreneur
1:21.0	Cam Gaffarian in 2009,
1:23.0	through its Climate Pledge Fund.
1:25.0	Through this deal, Amazon and X Energy
1:28.0	plan to bring more than 5 gigawatts of new power projects online
1:32.0	across the United States by 2039, enough to power more
	...

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