AI

Amazon goes nuclear, to invest more than $500 million to develop small modular reactors

PUBLISHED WED, OCT 16 20248:45 AM EDTUPDATED WED, OCT 16 202410:49 AM EDT

thumbnail

Diana Olick@IN/DIANAOLICK@DIANAOLICKCNBC@DIANAOLICK

WATCH LIVE

KEY POINTS

  • AWS announced it has signed an agreement with Dominion Energy, Virginia’s utility company, to explore the development of a small modular nuclear reactor, near Dominion’s existing North Anna nuclear power station.
  • AWS, Amazon’s subsidiary in cloud computing, has a massive and increasing need for clean energy as it expands its services into generative AI. The agreement is also a part of Amazon’s path to net-zero carbon emissions.
  • Amazon is the latest large tech company to buy into nuclear power to fuel the growing demands from data centers. Google and Microsoft have announced similar plans.