Constellation Energy’s earnings skyrocket as investors eye AI

May 13, 2024, 9:30AMANS Nuclear Cafe

Investor’s Business Daily reported May 10 that the first-quarter earnings of Constellation Energy, the largest operator of nuclear power plants in the United States, surged 858 percent to reach a share price of $2.78, partly as a result of promising expectations regarding demand for artificial intelligence data centers. The S&P 500 stock value of Constellation jumped 3.7 percent on May 8 to $208.

U.S. nuclear capacity factors: Ideal for data centers?

May 10, 2024, 3:00PMNuclear NewsSusan Gallier

Baseload nuclear generation doesn’t get the respect it deserves, if you ask nuclear operators. But the hyperscale data centers that process our digital lives—like the one right next to the Susquehanna plant in northeastern Pennsylvania—are pushing electricity demand up. Clean, reliable capacity now looks a lot more valuable.

Oklo looks to bring microreactor “powerhouse” units on line

April 11, 2024, 9:30AMNuclear News
Concept art of Oklo's Aurora Powerhouse in use. (Source: Oklo)

Next-generation reactor company Oklo Inc. is teaming up with Diamondback Energy Inc. to bring Oklo’s Aurora Powerhouse units to the American Southwest.

The companies signed a nonbinding letter of intent (LOI) this week to collaborate on a 20-year power purchase agreement that would provide 50 MW of electricity per unit to Diamondback’s Permian Basin operations area. The agreement lays out options to renew and extend the agreement for an additional 20-year term, since the units are designed to operate for 40 years without needing to refuel. Diamondback is an independent oil and gas company headquartered in Texas.

Nuclear noted as an answer to electricity demands from data centers

March 12, 2024, 9:30AMANS Nuclear Cafe

The spread of “electricity-hungry data centers and clean-technology factories” throughout the United States is “leaving utilities and regulators grasping for credible plans to expand the nation’s creaking power grid,” according to a recent article in the Washington Post. According to the report, the surge in industrial power requirements due to such factors as innovation in artificial intelligence (AI) and the corresponding construction of large computing infrastructure, is prompting some officials to “look beyond the grid” to ease the “grid bottleneck” and meet electricity demands.

IP3 joins Green Energy Partners for Surry Green Energy Center project

August 17, 2023, 7:00AMNuclear News
Concept art for the Surry Green Energy Center. (Image: Green Energy Partners)

Energy and security company IP3 has announced an agreement with Green Energy Partners (GEP), a property and project development firm, to pursue clean energy projects by establishing the Surry Green Energy Center “to implement innovative commercial plans targeting baseload and industrial energy needs in Virginia.”