Nuclear Energy May
Be the Best Bet for AI Energy Demand – Stocks to Watch; (NYSE American: $KULR),
(NYSE: $SMR), (Nasdaq: $NNE), (NYSE: $OKLO)
January
15, 2025 - Investorideas.com, a
go-to investing platform covering renewable energy and AI stocks releases a snapshot
on recent news and developments looking at the demand for nuclear power as AI grows
exponentially, featuring KULR Technology Group, Inc (NYSE
American:KULR), a leader in advanced energy management
platforms.
Looking
at what’s next in the use of nuclear energy to solve the energy consumption
crisis, companies like NuScale Power (NYSE: SMR), Nano
Nuclear Energy Inc. (Nasdaq: NNE), Oklo
(NYSE: OKLO) and
KULR Technology Group, Inc. (NYSE
American:KULR), are looking to address future demand.
JLL reports, "The data center industry stands at the precipice of a
transformative era, driven by the relentless advancement of artificial
intelligence. This technological revolution is not merely evolving the digital
infrastructure landscape; it's fundamentally redefining it.”
“Nuclear power is emerging as a preferred solution to meet
the growing energy demands of data centers, particularly for AI and
high-performance computing applications. Tech companies are the largest
occupiers of data center space, and they have among the most aggressive net
zero targets.”
According to the International Atomic Agency, “The
combined electricity consumption of four companies alone — Amazon, Microsoft,
Google and Meta — more than doubled between 2017 and 2021 to about 72 terawatt-hours
(TWh).”
KULR Technology
Group, Inc (NYSE
American:KULR) just announced the signing of a multi-million-dollar licensing
agreement with a new technology partner (“Licensee”) to enable advanced carbon
fiber cathode applications for nuclear reactor systems in Japan.
This news is paid news dissemination for KULR Technology Group, Inc.
Read
this news featuring KULR in full at https://www.investorideas.com/news/2025/renewable-energy/01151Nuclear-Energy-for-AI-Energy-Demand.asp
Applications for Carbon Fiber Cathode Technology
The
licensed carbon fiber cathode solutions are specifically engineered for
critical use in nuclear reactors, offering enhanced safety, superior heat
dissipation, and structural integrity. The carbon fiber-based thermal interface
materials provide high-performance solutions for demanding nuclear energy
applications.
The
license will be applied to laser-based nuclear fusion systems as well as small modular
reactors (SMR’s) - a rapidly emerging technology with the
potential to deliver cost-effective and reliable fusion energy. Laser-based
fusion employs high-powered lasers to initiate fusion reactions, representing a
groundbreaking alternative to traditional methods.
Strategic Market Opportunities
This
licensing agreement underscores KULR’s leadership in carbon fiber-based energy solutions
and opens new opportunities for advancements in nuclear technology within Japan
and the broader Asian market. By leveraging its innovative carbon fiber cathode
technology, KULR aims to contribute to the development of fusion technology to
meet the world's increasing energy demands while addressing climate change.
According
to Goldman Sachs, data
center energy demand - currently representing 1-2% of global demand - is
projected to double by 2030. This growth is driven by hyperscalers increasingly
focusing on nuclear energy to meet the rising demands of AI-powered
applications in data centers. With global electricity
use projected to rise by as much as 75% by 2050 (U.S. Department of
Energy), KULR’s technology is poised to play a pivotal role
in addressing these challenges.
“This
licensing agreement represents a significant milestone for KULR as we expand
the applications of our carbon fiber technologies into the nuclear energy
sector,” said Michael Mo, CEO of KULR Technology Group. “We are proud to
partner with an innovative Licensee to bring our cutting-edge cathode and
thermal interface materials to the forefront of nuclear reactor technology.”
NuScale
Power (NYSE: SMR), the
industry-leading provider of proprietary and innovative advanced small modular
reactor (SMR) nuclear technology, when reporting its
results for the third
quarter ended September 30, 2024 said,
"As energy demand grows, the world’s largest technology companies
are urgently seeking sources of secure, clean, reliable nuclear power, and
NuScale is uniquely positioned to serve their needs for uninterrupted
energy," said John Hopkins, President and Chief Executive Officer of
NuScale Power. "NuScale’s SMR technology is ready for near-term deployment
to support the growth of AI and other power-intensive technologies. We are the
sole SMR technology approved by the U.S. Nuclear Regulatory Commission, have
modules currently in production with supply chain partner Doosan Enerbility,
and are seeing interest like never before."
Nano
Nuclear Energy Inc.(Nasdaq: NNE), a
leading advanced nuclear energy and technology company focused on developing
clean energy solutions, just announced that it
has closed its previously announced acquisition of select nuclear energy
technology assets, including the patented Micro Modular Reactor (MMR®) Energy
System and Pylon Transportable Reactor Platform, from Ultra Safe Nuclear
Corporation and certain of its subsidiaries (collectively, “USNC”).
From the news: The
acquisition of these assets and related intellectual property and contracts
significantly expands NANO Nuclear’s patent portfolio and adds to its existing
pipeline of cutting edge small nuclear reactor technologies in development. The
assets include 38 issued and pending or published patents, including six issued
and four pending or published U.S. utility patents and three issued and four
pending Canadian utility patents, as well as associated trademarks.
Continued: The
acquisition also brings important demonstration project collaborations related
to the MMR® system, notably at the University of Illinois at Urbana-Champaign.
Pending Canadian governmental approvals, the acquisition would also bring
certain Canadian government relationships and support. Further, certain of the
technology acquired by NANO Nuclear in this acquisition was being used by an
affiliate of USNC to develop related technology in the United Kingdom, and NANO
Nuclear may be able to explore a potential future license or acquisition of
such related technology in the United Kingdom, which could be accompanied by
U.K. government support.
Oklo
(NYSE: OKLO), an
advanced nuclear technology company, and Switch, a premier provider of AI,
cloud and enterprise data centers announced in mid
-December the signing of a non-binding Master Power Agreement
("Master Agreement") to deploy 12 gigawatts of Oklo Aurora powerhouse
projects through 2044. This is one of the largest corporate clean power
agreements ever signed. The Master Agreement establishes a framework for
collaboration, with the expectation that individual binding agreements will be
finalized as project milestones are reached.
From the news: Under
the Master Agreement, Oklo will develop, construct, and operate powerhouses to
provide power to Switch across the United States through a series of power
purchase agreements. This enduring relationship over several decades will help
accelerate Oklo’s early powerhouse deployments and also position the Company to
scale in response to a growing demand pipeline. This Master Agreement enables
Oklo to leverage Switch’s best-in-class execution while developing the
financial and infrastructure model for scaling advanced nuclear.
Continued: The
timescale of this Master Agreement underscores Switch and Oklo’s commitment to
meeting artificial intelligence’s growing electricity demands with clean,
sustainable power. The Company believes that Switch’s industry-leading data
centers, which support the computing needs of some of the world’s largest
companies, are ideally positioned to handle AI workloads well into the future.
Continued: "The
relationship with Oklo underscores our commitment to deploying advanced nuclear
power at a transformative scale for our data centers, further enhancing our
offerings of one of the world’s most advanced data center infrastructures to
current and future Switch clients," said Rob Roy, Founder and CEO of
Switch. "By utilizing Oklo’s powerhouses, we aim to ensure that Switch
remains the leader in data center sustainability while supporting our vision of
energy abundance."
Continued: Since
January 2016, all Switch data centers have been powered by 100% renewable
energy, nearly 984 million kilowatt-hours of green power annually. This Master
Agreement with Oklo supports Switch’s mission to build efficient, sustainable
infrastructure while bolstering the voluntary market for renewable and clean
energy sources.
Continued: "We
are excited to collaborate with Switch on this historic agreement," said
Jacob DeWitte, Co-Founder and CEO of Oklo. "Rob Roy and the Switch team
share the vision we have for nuclear energy’s role in powering artificial
intelligence and providing the world with energy abundance. Oklo expects to
benefit enormously from Switch’s record of turning visions into reality. The
lifespan of this Master Agreement will allow us to iterate and evolve with
Switch, from development to deployment to scaling. We believe that working with
Switch will not only accelerate our early powerhouses but also accelerate our
ability to scale by demonstrating customer demand for decades to come."
The
market may become even bigger than the current analyst predictions as JLL reports,
“Artificial intelligence (AI) will continue to build momentum in 2025. The data
center industry stands at the dawn of a transformative era, driven by the
relentless advancement of AI. Billions of dollars have been invested in AI over
the last couple of years, driving demand for more data center infrastructure.”
KULR Technology
Group, Inc (NYSE
American: KULR) with its long history of battery
technology expertise is positioning to move forward with the next phase of
energy management as nuclear energy leads the way.
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