Amazon Invests $500 Million in X-energy for Nuclear Power to Fuel AI, Plans 5 GW Fleet by 2039

Oct 16, 2024, 03:00 PM

Amazon has announced a $500 million investment in nuclear energy as part of its efforts to meet the rising power demands of its data centers and AI operations. The company has purchased a stake in X-energy, a developer of advanced small modular nuclear reactors (SMRs), and partnered with Energy Northwest to build a 5 GW fleet of nuclear reactors by 2039. This marks the first direct investment of its kind by a tech company to deploy nuclear reactors for powering AI. These investments reflect the industry's turn towards nuclear power to provide reliable and sustainable energy for energy-intensive AI ambitions.