Timothy Gardner of Reuters reports that Google’s agreement with Kairos Power aims to bring small modular reactors online by 2030. Gardner writes:
Alphabet’s, Google said on Monday it signed the world’s first corporate agreement to buy power from multiple small modular reactors to meet electricity demand for artificial intelligence.
The technology company’s agreement with Kairos Power aims to bring Kairos’ first small modular reactor online by 2030, followed by additional deployments through 2035.
The companies did not reveal financial details of the agreement or where in the U.S. the plants would be built. Google said it has agreed to buy a total of 500 megawatts of power from six to seven reactors, which is smaller than the output of today’s nuclear reactors. […]
Google said by committing to a so-called order book framework with Kairos, instead of buying one reactor at a time, it is sending a demand signal to the market and making a long-term investment to speed development of SMRs.
“We’re confident that this novel approach is going to improve the prospects of our projects being delivered on cost and on schedule,” said Mike Laufer, CEO and co-founder of Kairos.