Latest news with #cleanenergy
Yahoo
an hour ago
- Business
- Yahoo
Nvidia goes nuclear — company joins Bill Gates in backing TerraPower, a company building nuclear reactors for powering data centers
When you buy through links on our articles, Future and its syndication partners may earn a commission. Nvidia, through its venture capital arm NVentures, has joined Bill Gates and HD Hyundai in raising $650 million to back TerraPower, Gates' nuclear power startup founded in 2006 that's been working on small modular reactor (SMR) technology to standardize, miniaturize, and scale nuclear power. The startup is developing a 345-megawatt Natrium plant in Wyoming that uses liquid sodium for cooling and molten salt to store excess generated heat of up to one gigawatt for later storage. According to The Register, the nuclear power plant is being developed as part of the Advanced Reactor Demonstration Program of the Department of Energy, as it's looking to push the next generation of clean and reliable energy sources. This isn't the first time that a tech company has put money into nuclear power, as several others have already invested in competing projects. For example, Oracle has secured permits to build three SMRs that can push out a total of one gigawatt for its AI data centers, while Microsoft plans to restart the Three Mile Island nuclear reactor. Google soon followed suit, signing a deal with Kairos for seven SMRs for its operations, as Amazon is pouring money into three different energy companies — two of which work with nuclear reactors — to help secure its future power demands. Surprisingly, Meta is a bit late to the game, opening its doors for nuclear solutions only late last year. After all, its founder, Mark Zuckerberg, said that now that the AI GPU bottleneck has eased, it's power — or the lack thereof — that will limit the growth of AI. The Natrium plant has already begun construction of its non-nuclear portions in Wyoming, but it has yet to receive regulatory approval from the Nuclear Regulatory Commission for it to start working on the power-producing parts of the plant. The company says that it does not expect to get this until 2026, and that it won't start producing power for consumption until 2030. Another project that's already in the initial construction phase is Kairos' Hermes non-power demonstration reactor, which is being built in Oak Ridge, Tennessee. This is a non-light-water reactor that uses molten fluoride salt for cooling and can produce about 35 megawatts of heat, but not electricity. The purpose of this test plant is to test the safety and viability of the technology before the company gets full approval and deploys it for power generation. Westinghouse, a pillar in the nuclear power industry, is also pushing for SMRs with its eVinci micro nuclear reactor. This tiny unit can be easily carried on the back of a semi-truck and deployed in the field as a single unit. It's designed to work 24/7 for eight years without refueling — once its nuclear fuel is spent, Westinghouse would just deploy another SMR to minimize downtime and ensure that the site is continuously powered. All these projects are part of the massive amount of investments that AI companies and data centers are pouring into the system. As AI data centers deliver more performance, they also require more electrical power, so much more than what the current national grid can deliver. Recently, AMD revealed zettascale supercomputers will need half a gigawatt to operate, equivalent to the power of 375,000 homes. So, tech giants are hedging their bets by building their own SMRs and ensuring that they have enough power to keep their expensive data centers continuously running. Follow Tom's Hardware on Google News to get our up-to-date news, analysis, and reviews in your feeds. Make sure to click the Follow button. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
BBC News
2 hours ago
- Business
- BBC News
Government approves large-scale solar park in South Derbyshire
Plans for a large-scale solar farm in South Derbyshire have been approved by the government.A proposal for the Oaklands Farm Solar Park project was submitted to the planning inspectorate in February solar farm and energy storage facility would cover more than 400 acres of land (161 hectares), between the villages of Rosliston and Walton-on-Trent, according to the planning Thursday, Ed Miliband, the Secretary of State for Energy Security and Net Zero granted permission for the development to go ahead. The planning inspectorate oversaw the application due to its scale and national said in a statement: "Following an examination during which the public, statutory consultees and interested parties were given the opportunity to give evidence to the examining authority, recommendations were made to the Secretary of State on 19 March."More than 300 people commented on the application on the government's planning website, with many concerned about loss of farming government said the examining authority listened and "gave full consideration to all local views"."Local people, the local authority and other interested parties were able to participate in this six-month examination," it added. According to planning documents, the firm behind the project said it provide "enough clean renewable electricity to power in the region of 35,000 homes".
Yahoo
2 hours ago
- Automotive
- Yahoo
New Hydrogen Models Launched by Major Automakers Fuel Market Growth
The Fuel Cell Vehicle Market is on a rapid growth trajectory, projected to expand from USD 4.1 billion in 2025 to USD 77.7 billion by 2034, driven by a CAGR of 38.6%. Key factors propelling this growth include advancements in hydrogen infrastructure, government incentives for clean energy vehicles, and a rising demand for long-range, zero-emission transport solutions. Major players like Toyota and Hyundai are boosting production, while technological innovations enhance FCV efficiency and reduce costs. The market faces challenges like hydrogen infrastructure investment, but emerging markets present lucrative opportunities. Fuel Cell Vehicle Market Dublin, June 20, 2025 (GLOBE NEWSWIRE) -- The "Freight Transport Management Market Outlook 2025-2034" has been added to offering. The Fuel Cell Vehicle (FCV) market is poised for substantial growth, with an estimated value of USD 4.1 billion in 2025 and a projected trajectory reaching USD 77.7 billion by 2034, driven by a CAGR of 38.6%. The FCV sector is integral to the global shift toward sustainable transportation, emphasizing the reduction of greenhouse gas emissions through the innovative use of hydrogen fuel technology. Fuel cell vehicles offer superior efficiency with extensive driving ranges and zero emissions, positioning them as essential in combating climate change and urban air pollution. As nations enforce stringent emissions regulations and incentivize eco-friendly transportation, the FCV market's expansion is gaining momentum. Key advancements, such as higher energy density, quick refueling, and improved durability, are bolstering industry and consumer interest in fuel cells. 2024 marks significant progress in FCV production and infrastructure, with leading automakers like Toyota, Hyundai, and Honda broadening their hydrogen-powered offerings. Meanwhile, strategic collaborations between hydrogen producers and infrastructure entities have led to increased hydrogen fueling stations, particularly in regions advancing green transportation, such as Japan, Europe, and California. Despite these gains, challenges remain, notably the scalability of hydrogen production and distribution infrastructure. Continued investment and industry collaboration are essential for overcoming these hurdles. Technological breakthroughs in hydrogen production, such as renewable energy-powered electrolysis, aim to make hydrogen more cost-effective and accessible. Key Insights Fuel Cell Vehicle Market: Technological advancements are enhancing fuel cell efficiency, making them attractive for mass deployment. Ongoing expansion of hydrogen refueling infrastructure improves accessibility for FCVs. Government incentives and emissions regulations are crucial drivers for adopting fuel cell vehicles. Increasing focus on hydrogen-powered commercial vehicles, aiding heavy-duty transport sector decarbonization. Development of green hydrogen is vital for ensuring environmental benefits and sustainability. High infrastructure costs remain a barrier; addressing these is essential for broader adoption. Key Attributes: Report Attribute Details No. of Pages 150 Forecast Period 2025 - 2034 Estimated Market Value (USD) in 2025 $4.1 Billion Forecasted Market Value (USD) by 2034 $77.7 Billion Compound Annual Growth Rate 38.6% Regions Covered Global Companies Featured DHL International GmbH Amazon Web Services Inc. CEVA Logistics Accenture PLC IBM Corporation Oracle Corporation DSV A/S SAP SE Union Pacific Corp. Cleveland-Cliffs Inc. Geodis SA DB Schenker Landstar System Inc. Korber AG Fusion Transport Universal Logistics Holdings Inc. Transportation Insight LLC SEKO Logistics Ltd. Covenant Manhattan Associates inc. Descartes Systems Group Inc. IBS Software JDA Software Group Inc. CTSI-Global HighJump Software LLC For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Fuel Cell Vehicle Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
Associated Press
4 hours ago
- Business
- Associated Press
ENERCON Joins Texas Nuclear Alliance as a Founding Member
Austin, TX June 19, 2025 --( )-- The Texas Nuclear Alliance (TNA) proudly welcomes ENERCON, a leading engineering and environmental services firm, as a Founding Member. 'From supporting the first SMR design certification in the U.S. to performing the nuclear industry's first 80-year license renewal, ENERCON's leadership continues to pave the way for unlocking nuclear energy's full potential,' said TNA President Reed Clay. 'TNA is proud to partner with ENERCON, a nuclear industry leader that will undoubtedly strengthen Texas' efforts to bring innovation, efficiency, and reliability to our grid through nuclear power.' 'ENERCON is honored to be a Founding Member of the Texas Nuclear Alliance. Organizations like the TNA are vital to the development of clean carbon-free energy and energy independence,' said ENERCON President Robert Bryan. About ENERCON ENERCON provides professional engineering and environmental services to numerous clients in nuclear power generation, power delivery, and related markets, renewable and conventional power generation, electric transmission and distribution, distributed generation, and data centers. ENERCON is proud to be a leading partner to the nuclear power industry, delivering specialized services and operational efficiencies across the industry. ENERCON's track record includes Engineer of Choice contracts at over 90% of nuclear power plants in the United States, support of every nuclear utility in the country, and a broad portfolio of current and past projects and has two local offices located in Dallas, TX and Fort Worth, TX. Notably, ENERCON supported the first SMR design certification in the U.S., prepared the nuclear industry's first 80-year subsequent license renewal application, completed a nuclear feasibility study for the state of Michigan, and is currently developing the construction permit application for Holtec International's SMR-300 at the existing Palisades Nuclear Power Plant Site. ENERCON continues to be ranked by Engineering News Record as one of the top engineering design providers to the U.S. nuclear industry. To learn more, visit About the Texas Nuclear Alliance TNA is the only industry association in Texas dedicated to the advancement of nuclear technology in the state. TNA was formed with a singular mission: to make Texas the Nuclear Capital of the World. Formed in 2022 in the aftermath of Winter Storm Uri, TNA is based on the fundamental premise that if Texas and the world want low-carbon, reliable energy, it can no longer turn its back on nuclear energy. Nuclear is clean, safe, reliable, and secure. Contact Information: Texas Nuclear Alliance Lauren Clay 512-567-7604 Contact via Email Read the full story here: ENERCON Joins Texas Nuclear Alliance as a Founding Member Press Release Distributed by
Reuters
5 hours ago
- Business
- Reuters
Britain agrees $2.7 billion investment partnership with Bahrain
LONDON, June 20 (Reuters) - Britain said on Friday that it signed a new partnership with Bahrain that will see 2 billion pounds ($2.69 billion) of investment into financial services, clean energy, manufacturing and technology. "This 2 billion pounds commitment is yet another major vote of confidence in the UK economy, backing the key growth sectors we've identified in our upcoming modern Industrial Strategy," business minister Jonathan Reynolds said in a statement. ($1 = 0.7424 pounds)
