Amazon Seattle Campus

BREAKING: Today, Amazon invests $500 million as they transition to carbon-free energy. With Amazon’s energy continuing to soar, they are investing in renewables and clean sources.

“Today, we’re announcing that we’ve signed three new agreements to support the development of nuclear energy projects-including enabling the construction of several new Small Modular Reactors (SMRs). SMRs are an advanced kind of nuclear reactor with a smaller physical footprint, allowing them to be built closer to the grid. They also have faster build times than traditional reactors, allowing them to come online sooner.” - Amazon

It is important to address where this momentum is coming from. This year, the nuclear energy industry has made massive strides. Below are some of the most recent pivotal moments for the industry:

Google Signs 500 MW Nuclear Energy Agreement to Power Data Centers

On October 14th, Google announced they have signed a Master Plant Development Agreement for Small Modular Reactor technology. The developer, Kairos Power, is working on fluoride salt cooled high temperature reactor which is expected to be ready by 2035.

“This agreement is a key part of our effort to commercialize and scale the advanced energy technologies we need to reach our net zero and 24/7 carbon-free energy goals and ensure that more communities benefit from clean and affordable power in the future.” - Michael Terrell, Google’s Senior Director of Energy and Climate

Google and Kairos Power 500 MW Deal

14 Major Global Banks Pledge Support for Nuclear Energy

Climate Week NYC: Banks Support Nuclear Energy

At Climate Week NYC, 14 major global banks and financial institutions pledge their support to triple nuclear energy by 2050. The group of financial institutions include Abu Dhabi Commercial Bank, Ares Management, Bank of America, Barclays, BNP Paribas, Brookfield, Citi, Credit Agricole CIB, Goldman Sachs, Guggenheim Securities, Morgan Stanley, Rothschild & Co., Segra Capital Management, and Societe Generale.

This marked pivotal support from global financial leaders to help finance the clean energy transition: Starring nuclear energy.

Microsoft and Constellation Deal Restarts Three Mile Island

On September 20th, 2024 Constellation announced it is launching the Crane Clean Energy Center formerly known as Three Mile Island in Pennsylvania. The agreement for 835 Megawatts of carbon-free electricity helps position Microsoft as a leading technology company embracing clean energy.

The deal restores TMI Unit 1 and will be kept online for decades as they continue to work through regulatory procedures.

ADVANCE Act Boosts Micro Reactor Commercialization

Washington Approves ADVANCE Act to Bolster Micro Reactors

July 10th, 2024 in Washington D.C. the ADVANCE Act was passed which greatly benefits the development of micro reactors and nuclear energy in the United States. It advances the Nuclear Regulatory Commission (NRC) in efficient licensing of new technology.

How Does This Impact Hadron Energy?

Hadron Energy Team

Hadron Energy is at the forefront of innovation in micro reactor technology. We were founded before the ADVANCE Act was signed into law which gives us a great outlook on the market and fresh perspective of how things will continue to develop.

We live in exciting times to be in the nuclear energy industry. Our team at Hadron has many thrilling announcements coming soon about our commercial developments. Stay tuned for important updates as our industry continues to build upon it’s growing momentum.

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