Data needs energy, the focus is on nuclear power

The latest technology company to use nuclear power as an energy source is Meta.

Data center operators like Facebook owner Meta need secure power sources that are available around the clock. Meta is now seeking bids for up to four gigawatts of nuclear power capacity in the US by the early 2030s. Meta includes Facebook, WhatsApp and Instagram. This public tender is intended to bring the company together with nuclear energy developers. After all, a great deal of energy is needed to achieve the goals in the areas of AI innovation and sustainability. This can come from small modular reactors or even larger nuclear reactors. Meta’s future energy requirements and a comprehensive decarbonization of the industry are at the forefront of this. According to Meta, nuclear energy must be tackled early on as it takes a long time to develop and is also capital-intensive. In this, Meta is following the lead of other technology companies such as Google, Amazon and Microsoft. The future demand for energy is also huge when it comes to artificial intelligence. And nuclear energy supplies carbon-free electricity reliably day and night.

More and more governments around the world are turning to nuclear power. The Serbian parliament recently lifted the ban on the construction of new nuclear power plants. The ban dated back to 1989 and was motivated by energy security and the transition to clean energy sources, similar to the technology giants. Serbia is now taking action and has already commissioned experts to carry out a preliminary technical study on the use of nuclear energy in Serbia. This development will be accompanied by an increasing demand for uranium. This means that uranium companies such as Cosa Resources or IsoEnergy are in demand.

Cosa Resources‘ – https://www.commodity-tv.com/ondemand/companies/profil/cosa-resources-corp/ – uranium projects are located in the famous Athabasca Basin in Saskatchewan. The company has recently entered into an acquisition agreement to acquire an interest in three uranium exploration projects from Denison. These are located in the eastern Athabasca Basin.

IsoEnergy – https://www.commodity-tv.com/ondemand/companies/profil/isoenergy-ltd/ – also owns high-quality uranium projects in the USA, Canada and Australia.

Current company information and press releases from IsoEnergy (- https://www.resource-capital.ch/en/companies/iso-energy-ltd/ -) and Cosa Resources (- https://www.resource-capital.ch/en/companies/cosa-resources-corp/ -).

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