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Meta Turns to Nuclear Power: Becomes The Latest Big Tech Company
With the advent of AI, the tech world and tech giants are continually working to release updates and improvements, staying ahead of the curve in the world of automation. Following this, Meta has recently signed a 20-year deal to secure nuclear power and to fulfil the soaring demand for AI and other computing needs at the Facebook parent company.
Summary:
1. Meta, a tech giant, has signed a 20-year deal with Constellation Energy Illinois Nuclear Plant to secure nuclear power and meet the increasing demand for AI and computing needs.
2. The deal will help expand the plant’s renewable energy output by 30 megawatts, preserve 1,100 local jobs, and generate $13.5 million in annual tax income
3. The agreement will take effect in June 2027, when the state’s taxpayer-funded zero-emission credit program ends.
This deal with a big tech company will help them expand the results of Constellation Energy’s Illinois Nuclear Plant. This contract was announced on Tuesday, a new chord in tech-nuclear collaboration, as the use of AI has increased. However, the financial details of this agreement have not been revealed yet.
Constellation’s Clinton Clean Energy Centre was supposed to close in 2017 following years of financial losses, but was salvaged by legislation in Illinois that established a zero-emission credit program to fund the plant until 2027. The agreement will take effect in June 2027, when the state’s taxpayer-funded zero-emission credit program ends.
Why Meta Turned To Nuclear Power?
According to this latest AI tech news, the arrival of Meta will increase Clinton’s renewable energy output by 30 megawatts, preserve 1,100 local jobs, and generate $13.5 million in annual tax income. The plant currently generates enough energy to power around 800,000 homes in the United States. George Gross, professor of electrical and computer engineering at the University of Illinois, thinks that 30 more megawatts would be adequate to power a city of around 30,000 persons for one year.
Surging investments in tiny nuclear reactors emerge at a time when huge tech businesses are confronting two major demands: increasing their energy supply for AI and data centres, among other things, while simultaneously attempting to meet long-term targets for substantially lowering greenhouse gas emissions.
Constellation, the owner of the retired Three Mile Island nuclear power facility, announced in September that it intended to restart the reactor so that tech giant Microsoft could secure power for its data centers.
The worst commercial nuclear power accident in the US happened in 1979 at Three Mile Island, which is situated on the Susquehanna River just outside of Harrisburg, Pennsylvania.
Based on this latest AI tech news, Last November, Amazon announced that it was investing in tiny nuclear reactors, two days after Google did the same. Google also announced last month that it would invest in three innovative nuclear energy projects with Elementl Power. As authorities think about boosting subsidies and removing regulatory barriers, states in the United States are establishing themselves to satisfy the power demands of the technology industry.
According to the trade group Nuclear Energy Institute, legislators have submitted more than 200 proposals this year that favour nuclear energy, and 25 states approved legislation last year that supports advanced nuclear energy.
Advanced reactor designs from competing corporations are flooding the US government’s regulatory queue as the industry promotes them as a dependable, climate-friendly option to fulfill electricity demands from big tech companies seeking to fuel their rapidly expanding AI platforms.
Similarly, in the latest AI tech news, Tata Consultancy Services (TCS) announced a seven-year agreement with British airline Virgin Atlantic that will accelerate its digital transformation.
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