The Zhitong Finance App learned that Google (GOOGL.US) said on Monday that it will buy electricity from a series of small nuclear power reactors (SMR) produced by nuclear startup Kairos Power. The giant said that purchasing electricity from multiple SMRs sent an “important signal of demand” to the market, while also making long-term investments to accelerate commercialization. Boosted by this news, advanced nuclear technology companies Oklo (OKLO.US) and NuScale Power (SMR.US) closed sharply higher on Monday, closing 9.7% and 6.1%, respectively.

Zhitongcaijing · 10/15 00:41
The Zhitong Finance App learned that Google (GOOGL.US) said on Monday that it will buy electricity from a series of small nuclear power reactors (SMR) produced by nuclear startup Kairos Power. The giant said that purchasing electricity from multiple SMRs sent an “important signal of demand” to the market, while also making long-term investments to accelerate commercialization. Boosted by this news, advanced nuclear technology companies Oklo (OKLO.US) and NuScale Power (SMR.US) closed sharply higher on Monday, closing 9.7% and 6.1%, respectively.