Vancouver, Kelowna, and Delta, British Columbia–(Newsfile Corp. – January 15, 2025) – Investorideas.com, a go-to investing platform overlaying renewable power and AI shares releases a snapshot on latest information and developments wanting on the demand for nuclear energy as AI grows exponentially, that includes KULR Technology Group, Inc (NYSE American: KULR), a pacesetter in superior power administration platforms.
JLL reports, “The information middle business stands on the precipice of a transformative period, pushed by the relentless development of synthetic intelligence. This technological revolution just isn’t merely evolving the digital infrastructure panorama; it is essentially redefining it.”
“Nuclear energy is rising as a most well-liked answer to meet the rising power calls for of knowledge facilities, notably for AI and excessive-efficiency computing purposes. Tech corporations are the biggest occupiers of knowledge middle house, they usually have among the many most aggressive web zero targets.”
In accordance to the Worldwide Atomic Company, “The mixed electrical energy consumption of 4 corporations alone – Amazon, Microsoft, Google and Meta –– greater than doubled between 2017 and 2021 to about 72 terawatt-hours (TWh).”
Taking a look at what’s subsequent in the usage of nuclear power to resolve the power consumption disaster, corporations like NuScale Energy, Nano Nuclear Energy Inc., Oklo and KULR Know-how Group, Inc. (NYSE American: KULR), are wanting to deal with future demand.
KULR Technology Group, Inc (NYSE American: KULR) just announced the signing of a multi-million-greenback licensing settlement with a brand new expertise associate (“Licensee”) to allow superior carbon fiber cathode purposes for nuclear reactor techniques in Japan.
Purposes for Carbon Fiber Cathode Know-how The licensed carbon fiber cathode options are particularly engineered for essential use in nuclear reactors, providing enhanced security, superior warmth dissipation, and structural integrity. The carbon fiber-based mostly thermal interface supplies present excessive-efficiency options for demanding nuclear power purposes.
The license shall be utilized to laser-based mostly nuclear fusion techniques in addition to small modular reactors (SMR’s) – a quickly rising expertise with the potential to ship value-efficient and dependable fusion power. Laser-based mostly fusion employs excessive-powered lasers to provoke fusion reactions, representing a groundbreaking different to conventional strategies.
Strategic Market Alternatives This licensing settlement underscores KULR’s management in carbon fiber-based mostly power options and opens new alternatives for developments in nuclear expertise inside Japan and the broader Asian market. By leveraging its revolutionary carbon fiber cathode expertise, KULR goals to contribute to the event of fusion expertise to meet the world’s rising power calls for whereas addressing local weather change.
In accordance to Goldman Sachs, information middle power demand – at the moment representing 1-2% of worldwide demand – is projected to double by 2030. This development is pushed by hyperscalers more and more specializing in nuclear power to meet the rising calls for of AI-powered applications in information facilities. With world electrical energy use projected to rise by as a lot as 75% by 2050 (U.S. Department of Energy), KULR’s expertise is poised to play a pivotal position in addressing these challenges.
“This licensing settlement represents a major milestone for KULR as we broaden the purposes of our carbon fiber applied sciences into the nuclear power sector,” stated Michael Mo, CEO of KULR Know-how Group. “We’re proud to associate with an revolutionary Licensee to deliver our chopping-edge cathode and thermal interface supplies to the forefront of nuclear reactor expertise.”
NuScale Energy, the business-main supplier of proprietary and revolutionary superior small modular reactor (SMR) nuclear expertise, when reporting its outcomes for the third quarter ended September 30, 2024 stated, “As power demand grows, the world’s largest expertise corporations are urgently in search of sources of safe, clear, dependable nuclear energy, and NuScale is uniquely positioned to serve their wants for uninterrupted power,” stated John Hopkins, President and Chief Government Officer of NuScale Energy. “NuScale’s SMR expertise is prepared for close to-time period deployment to assist the expansion of AI and different energy-intensive applied sciences. We’re the only real SMR expertise accredited by the U.S. Nuclear Regulatory Fee, have modules at the moment in manufacturing with provide chain associate Doosan Enerbility, and are seeing curiosity like by no means earlier than.”
Nano Nuclear Energy Inc., a number one superior nuclear power and expertise firm centered on creating clear power options, simply introduced that it has closed its beforehand introduced acquisition of choose nuclear power expertise property, together with the patented Micro Modular Reactor (MMR®) Energy System and Pylon Transportable Reactor Platform, from Extremely Protected Nuclear Company and sure of its subsidiaries (collectively, “USNC”).
From the information: The acquisition of those property and associated mental property and contracts considerably expands NANO Nuclear’s patent portfolio and provides to its present pipeline of innovative small nuclear reactor applied sciences in improvement. The property embrace 38 issued and pending or printed patents, together with six issued and 4 pending or printed U.S. utility patents and three issued and 4 pending Canadian utility patents, in addition to related emblems.
Continued: The acquisition additionally brings essential demonstration challenge collaborations associated to the MMR® system, notably on the College of Illinois at Urbana-Champaign. Pending Canadian governmental approvals, the acquisition would additionally deliver sure Canadian authorities relationships and assist. Additional, sure of the expertise acquired by NANO Nuclear on this acquisition was being utilized by an affiliate of USNC to develop associated expertise in the UK, and NANO Nuclear could have the option to discover a possible future license or acquisition of such associated expertise in the UK, which may very well be accompanied by U.Okay. authorities assist.
Oklo, a complicated nuclear expertise firm, and Change, a premier supplier of AI, cloud and enterprise information facilities introduced in mid-December the signing of a non-binding Grasp Energy Settlement (“Grasp Settlement”) to deploy 12 gigawatts of Oklo Aurora powerhouse tasks via 2044. This is among the largest company clear energy agreements ever signed. The Grasp Settlement establishes a framework for collaboration, with the expectation that particular person binding agreements shall be finalized as challenge milestones are reached.
From the information: Beneath the Grasp Settlement, Oklo will develop, assemble, and function powerhouses to present energy to Change throughout the US via a sequence of energy buy agreements. This enduring relationship over a number of many years will assist speed up Oklo’s early powerhouse deployments and in addition place the Firm to scale in response to a rising demand pipeline. This Grasp Settlement allows Oklo to leverage Change’s finest-in-class execution whereas creating the monetary and infrastructure mannequin for scaling superior nuclear.
Continued: The timescale of this Grasp Settlement underscores Change and Oklo’s dedication to assembly synthetic intelligence’s rising electrical energy calls for with clear, sustainable energy. The Firm believes that Change’s business-main information facilities, which assist the computing wants of a few of the world’s largest corporations, are ideally positioned to deal with AI workloads nicely into the long run.
Continued: “The relationship with Oklo underscores our dedication to deploying superior nuclear energy at a transformative scale for our information facilities, additional enhancing our choices of one of many world’s most superior information middle infrastructures to present and future Change shoppers,” stated Rob Roy, Founder and CEO of Change. “By using Oklo’s powerhouses, we goal to be sure that Change stays the chief in information middle sustainability whereas supporting our imaginative and prescient of power abundance.”
Continued: Since January 2016, all Change information facilities have been powered by 100% renewable power, almost 984 million kilowatt-hours of inexperienced energy yearly. This Grasp Settlement with Oklo helps Change’s mission to construct environment friendly, sustainable infrastructure whereas bolstering the voluntary marketplace for renewable and clear power sources.
Continued: “We’re excited to collaborate with Change on this historic settlement,” stated Jacob DeWitte, Co-Founder and CEO of Oklo. “Rob Roy and the Change crew share the imaginative and prescient we now have for nuclear power’s position in powering synthetic intelligence and offering the world with power abundance. Oklo expects to profit enormously from Change’s file of turning visions into actuality. The lifespan of this Grasp Settlement will enable us to iterate and evolve with Change, from improvement to deployment to scaling. We consider that working with Change is not going to solely speed up our early powerhouses but in addition speed up our capacity to scale by demonstrating buyer demand for many years to come.”
The market could grow to be even larger than the present analyst predictions as JLL reports, “Artificial intelligence (AI) will proceed to construct momentum in 2025. The information middle business stands on the daybreak of a transformative period, pushed by the relentless development of AI. Billions of {dollars} have been invested in AI during the last couple of years, driving demand for extra information middle infrastructure.”
KULR Technology Group, Inc (NYSE American: KULR) with its lengthy historical past of battery expertise experience is positioning to transfer ahead with the subsequent part of power administration as nuclear power leads the best way.
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