Forbes August 31, 2024
This Spring I attended a private conference on the energy transition that was hosted by a major bank. There I learned more about small modular reactors (SMRs). This is a promising new nuclear technology for delivering carbon-free, baseload power to meet the world’s increasing energy needs.
SMRs are proving to be of crucial interest to the tech community which is focused on developing AI capabilities. AI is an insatiable energy beast. According to a Goldman Sachs report, a ChatGPT query takes about 10 times as much electricity to process as a Google search. Today data centers account for 1-2% of the world’s energy needs, a figure expected to grow to 3-4% over the next decade. The major players here are...
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