Oklo, X-Energy Join Trump Effort to Speed New Nuclear Reactors for AI

Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials This advertisement has not loaded yet, but your article continues below.HomePMN BusinessOklo, X-Energy Join Trump Effort to Speed New Nuclear Reactors for AIAdvanced nuclear reactor suppliers Oklo Inc. and X-Energy Inc. are joining technology giants in a Trump administration-led program to speed the development of new power plants for artificial intelligence data centers, according to a document seen by Bloomberg News.Author of the article:Naureen S. Malik and Ari Natter You can save this article by registering for free here. Or sign-in if you have an account.(Bloomberg) — Advanced nuclear reactor suppliers Oklo Inc. and X-Energy Inc. are joining technology giants in a Trump administration-led program to speed the development of new power plants for artificial intelligence data centers, according to a document seen by Bloomberg News.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountDetails of the $200 million effort, part of a previously announced initiative also including Microsoft Corp. and AI chipmaker Nvidia Corp., could be announced as soon as Wednesday at an AI energy summit convened by the US Department of Energy. According to the document, several of the department’s national laboratories, as well as institutions such as the University of Texas at Austin, are slated to share $60 million over a three-year period.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againSpokespeople for the Energy Department declined to comment.The program seeks broadly to address growing concerns the rapid of proliferation of data centers needed to feed the artificial intelligence boom has caused electricity prices to spike nationwide. Silicon Valley companies including Nvidia and OpenAI have identified limits on energy supply as a key obstacle to expanding AI adoption in the US and staying ahead of China in the global race to dominate the emerging technology.Nuclear power has regained some public support recently because it can supply carbon-free power around the clock as demand for electricity climbs. The Energy Department has pursued other steps to accelerate the revival of nuclear power in the US to meet AI-related energy demand, including a separate plan to distribute plutonium left over from Cold War-era weapons to commercial nuclear developers.Among the goals of the latest initiative are steep reductions in time needed to design, license and build new plants, as well as cuts in the number of staff needed to run them. Some 300 gigawatts of new nuclear power will be needed by 2050, according to the agency, though an advanced nuclear reactor has yet to operate on a commercial scale.The measures reflect growing pressure from the Trump administration to ensure that artificial intelligence becomes the backbone of the US economy, and highlights the surging demand in power markets after two decades of stagnation. At the same time, the data center build-out and inflationary impact it has had on consumer power bills have become hot-button issues ahead of the midterm elections in November.This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.