Tech companies want nuclear power. Some utilities are throwing up roadblocks

Power companies such as Constellation Energy and Vistra are in talks with customers interested in directly connecting data centers to nuclear plants.

The data centers are essential to U.S. economic competitiveness and national security as the country competes with adversaries such as China for supremacy in the race to develop AI, said Joe Dominguez, the CEO of"When you're talking about large load that also wants to use zero-emission energy, you're going to bring it very close to nuclear power plants," Dominguez said on Constellation's second-quarter earnings call Tuesday.

Constellation's Dominguez argued that connecting data centers directly to nuclear plants, called co-location by the industry, is the fastest and most cost-effective way to support the buildout of data centers, without burdening consumers with the costs of building new transmission lines. "This will harm existing customers," the utilities told FERC in a filing in June. Talen Energy has dismissed the objections as"demonstrably false," accusing the utilities of stifling innovation.

Barrón told CNBC that Constellation has"seen interest from many" tech companies in potentially co-locating a data center at one of its sites.

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Big tech stocks got clobbered on Monday — What investors are looking for before they buy moreA sharp sell-off in 2024's winning names has left investors wondering whether it's safe to scoop up technology shares.
Fuente: CNBC - 🏆 12. / 72 Leer más »

Investors de-risking both long and short bets as Fed, tech earnings loom- CitiInvestors de-risking both long and short bets as Fed, tech earnings loom- Citi
Fuente: Investingcom - 🏆 450. / 53 Leer más »

Will the Next Batch of Tech Earnings Encourage Investors to Rotate Back in?Stocks Analysis by Christine Short covering: S&P 500, Boeing Co, Intel Corporation, Microsoft Corporation. Read Christine Short's latest article on Investing.com
Fuente: Investingcom - 🏆 450. / 53 Leer más »

Stock market today: World stocks fall as investors are underwhelmed by Big Tech earningsWorld stocks are lower as the earnings reporting season ramps up for big companies.
Fuente: ksatnews - 🏆 442. / 53 Leer más »

Stock market today: World stocks fall as investors are underwhelmed by Big Tech earningsWorld stocks are lower as the earnings reporting season ramps up for big companies.
Fuente: wjxt4 - 🏆 246. / 63 Leer más »

Investors Rotate Out of Big Tech Right Before Earnings - Sign of What's to Come?Stocks Analysis by Christine Short covering: Nasdaq 100, S&P 500, Dow Jones Industrial Average, Walt Disney Company. Read Christine Short's latest article on Investing.com
Fuente: Investingcom - 🏆 450. / 53 Leer más »