Nuclear power is 'overblown' as an energy source for data centers, power company CEO says [MSNBC.com]
Brookfield Corporation Class A Limited Voting Shares (BN)
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Source: MSNBC.com
President and Chief Executive Officer (CEO) of the AES Corporation Andres Gluski speaks during an interview with Reuters in Santiago, Chile June 4, 2019. Picture taken June 4, 2019.Rodrigo Garrido | ReutersThe euphoria over nuclear energy as a power source for data centers is "overblown," the CEO of a major power provider for large tech companies told CNBC in an interview Monday.AES is a major power provider for large tech companies building out data centers, with more than 40% of its 12.7 gigawatt backlog coming from customers including Amazon, Microsoft and Google, according to its most recent earnings presentation to investors.Some Wall Street analysts have predicted anuclear renaissanceGluski said the "euphoria" over nuclear power is a "little overblown." There is only so much existing nuclear energy that merchant power providers can re-contract to sites such as data centers, the CEO said."The question is, going forward, what's the price of new nuclear," Gluski said, adding that o
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