What Is a Small Modular Reactor, and Why Is Big Tech Signing Multi-Decade Deals for Them?
SMRs could make it much easier to deploy nuclear power plants.
Overview
The nuclear energy market fizzled out for roughly a decade after the 2011 Fukushima disaster. But over the past few years, the market's demand for nuclear power rose again -- driven by the expansion of the cloud, AI, and industrial automation markets. New decarbonization initiatives and safer nuclear technologies also drove more countries to restart their nuclear programs.
That shift is generating strong tailwinds for producers of small modular reactors (SMRs). Many top tech companies -- including Alphabet's (NASDAQ: GOOG) (NASDAQ: GOOGL) Google, Amazon (NASDAQ: AMZN), and Oracle (NYSE: ORCL) -- have signed framework, financing, and deployment deals to expand their SMR capacity over the next two decades.
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Originally published at www.fool.com.