A new approach to nuclear energy production could have a significant impact on artificial intelligence and cryptocurrency mining, but it requires a substantial initial investment in unproven technologies.
The United States is set to develop and deploy its first commercial small modular reactor (SMR). SMRs are nuclear power sources with a smaller infrastructure footprint compared to traditional fission reactor plants, making them potentially safer as well.
A diagram showing energy flow through a small modular reactor. Source: Kairos Power
Small modular reactors
While small reactors have existed since the 1950s, the introduction of SMRs could be a game-changer for large organizations like AI training centers, data centers, and cryptocurrency mining facilities.
SMRs can be manufactured in a factory and transported to a client’s location, capable of producing up to 300 megawatts of energy and adaptable to various settings.
Crypto mining’s power problem
Many mining companies are turning to nuclear power as a clean alternative to more traditional energy sources. However, the high upfront costs of nuclear energy production and availability have hindered wider adoption.
SMRs address some of these challenges by being easier to develop, requiring less maintenance and staff, environmentally friendly, and potentially more cost-effective in the long run compared to larger nuclear plants.
Google’s new deal
Google recently partnered with Kairos Power to bring the first SMR online by 2030, with plans for further expansion through 2035. This partnership aims to add 500 MW of clean energy to U.S. grids.
Despite the substantial initial investment required for SMRs, advancements in technology could make on-site nuclear power more accessible and cost-effective over time, potentially revolutionizing the energy landscape for the cryptocurrency mining industry.
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