Tech giants Microsoft and Google are teaming with steel manufacturer Nucor to develop new clean electricity projects. These projects will include advanced nuclear, geothermal, hydrogen production and energy storage.
As a steel manufacturer, Nucor needs a large amount of power to run its facilities. Tech companies like Microsoft and Google also need a lot of power, as they expand their data center cloud operations. Therefore, these three companies have some common interests which make sense for a partnership.
From the link above…
In May last year, Nucor signed a memorandum of understanding with NuScale Power to explore the deployment of NuScale’s VOYGR small modular nuclear reactor (SMR) power plants at Nucor’s scrap-based Electric Arc Furnace (EAF) steel mills. In addition, NuScale is studying the feasibility of siting a manufacturing facility for NuScale Power Modules near a Nucor facility. In April 2022, Nucor - with operating facilities in the USA, Canada and Mexico - committed to a USD15 million private investment in public equity in NuScale Power.
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NuScale isn’t dead yet.
- Pete