Huge step for Google – and the demand for uranium

The news that Google wants to cover the enormous increase in electricity demand caused by artificial intelligence with small modular nuclear reactors was already broadcast on breakfast television in the morning. A query via AI consumes around ten times as much energy as an ordinary query to Google. Investors should look behind this development, because uranium consumption is set to increase enormously. That’s where the uranium companies come in. Google was the first company in the world to sign a contract with Kairos Power, a Californian start-up. The aim is to launch the first small modular reactor by 2030, to be followed by six or seven more by 2035. And Google wants to be climate-neutral by 2030. So far, Google has planted trees to offset its CO2 emissions. Last year alone, Google’s CO2 emissions increased by 13 percent. Google is the number one search engine and also wants to be at the forefront when it comes to the use of AI.

Microsoft has already followed a similar path, as this company is also aware of the hunger for electricity of artificial intelligence. The plan is to restart a decommissioned reactor (Three Mile Island) for Microsoft in the coming years. Microsoft wants to use the energy produced there for 20 years. After all, the company has teamed up with ChatGPT inventor OpenAI. And now it has to meet climate targets and cover the ever-increasing energy requirements of its data centers. To ensure that cloud computing, gaming and video platforms do not become an obstacle to climate protection, major players such as Google, Amazon and Microsoft are turning to nuclear energy. Uranium companies such as Premier American Uranium or Uranium Royalty should be pleased.

Premier American Uranium – https://www.commodity-tv.com/ondemand/companies/profil/premier-american-uranium-inc/ – has extensive properties in uranium-producing regions in the USA, in Colorado and Wyoming.

Uranium Royalty – https://www.commodity-tv.com/ondemand/companies/profil/uranium-royalty-corp/ – shines as the only royalty company in the uranium sector. The company earns money without direct mining risk, but with investments, streams and license fees.

Current company information and press releases from Premier American Uranium (- https://www.resource-capital.ch/en/companies/premier-american-uranium-corp/ -) and Uranium Royalty (- https://www.resource-capital.ch/en/companies/uranium-royalty-corp/ -).

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