Desperate For Power, AI Companies Look To The Nuclear Option [Forbes]
NuScale Power Corporation (SMR)
Company Research
Source: Forbes
or all the hype and billions of dollars swirling around AI, the only certainty is needed to power the data centers running it. In that Clayton Scott sees a massive business opportunity. “It's a unique time and a unique situation,” Scott, chief commercial officer for NuScale Power, which is commercializing small-scale nuclear systems, told Forbes . “We landed in this unplanned, perfect match with the data world.” A Goldman Sachs report, which sees AI applications triggering a in overall data center power needs, estimated that ChatGPT queries need nearly 10 times as much electricity as Google searches. Pair that with the reality that the U.S. grid is at or near peak capacity relying on existing fossil-fuel plants — with a waiting to be connected to the grid in an effort to slash carbon emissions — and you've got the recipe for an energy crisis. Scott hopes that NuScale Power provides one answer for data centers and their AI customers: each of its small modular nuclear reactors (S
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News
- Why NuScale Power Stock Heated Up Today [Yahoo! Finance]Yahoo! Finance
- If You'd Invested $10,000 in NuScale Power Stock at Its IPO, Here's How Much You'd Have Today [Yahoo! Finance]Yahoo! Finance
- Can NuScale Help the World Solve This Gigantic Energy Problem? [Yahoo! Finance]Yahoo! Finance
- Why NuScale Power Stock Is Powering Higher This Week [Yahoo! Finance]Yahoo! Finance
- NuScale Power Stock: Buy, Sell, or Hold? [Yahoo! Finance]Yahoo! Finance
SMR
Earnings
- 5/9/24 - In-Line
SMR
Sec Filings
- 5/29/24 - Form 4
- 5/29/24 - Form 4
- 5/29/24 - Form 4
- SMR's page on the SEC website