Amazon signs agreements to develop small modular nuclear reactors

GlobalData | Source: Yahoo Finance | Posted 10/17/2024

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Amazon has announced a series of partnerships for the development of small modular nuclear reactors (SMRs), aiming to power its data centres with new nuclear technologies.

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Amazon has entered partnerships to develop small modular nuclear reactors (SMRs) to power its data centers with new nuclear technologies. The company is leading a $500 million funding round for X-Energy Reactor, specializing in SMRs, which offer a smaller footprint and quicker build times, potentially accelerating the deployment of nuclear energy.

Amazon is collaborating with utility companies in Washington state and Virginia on nuclear energy projects. Plans include bringing over 5GW of new power projects online in the US by 2039, developing advanced SMRs in Washington state to power over 770,000 US homes, and exploring an SMR project in Virginia to contribute at least 300MW to the region's energy needs, all in line with Amazon's commitment to be net-zero carbon across its operations by 2040.

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Amazon signs agreements to develop small modular nuclear reactors

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