Welcome to the Extreme Investor Network, where we bring you exclusive insights and unique information to help you make informed investment decisions. Today, we are diving into the world of Oracle and their groundbreaking announcement regarding next-generation nuclear technology.
Oracle’s chairman and co-founder Larry Ellison recently made a “bizarre” announcement during the company’s earnings call. He revealed that the demand for electricity from artificial intelligence is reaching unprecedented levels, prompting Oracle to secure power from small modular nuclear reactors for their upcoming data center.
Ellison stated that the data center will require more than a gigawatt of electricity and will be powered by three small nuclear reactors. This innovative approach highlights Oracle’s commitment to sustainable and reliable energy sources, especially as power demand rises from data centers and the broader electrification of the economy.
Small modular nuclear reactors are new designs that offer faster deployment of carbon-free energy, addressing the increasing power demands of modern industries. These reactors are prefabricated in pieces and assembled on-site, reducing capital costs and accelerating the transition to clean energy solutions.
While small modular reactors are considered a technology of the future, with commercialization expected in the 2030s, Oracle is taking a proactive step towards integrating this cutting-edge technology into their operations. Currently, there are only three operational small modular reactors globally, with China, Russia, and Japan leading the way in this innovative field.
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