"Nuclear power contracts signed by hyperscalers show they're desperate for reliable "clean and green" energy sources to feed their ever-expanding datacenter footprints."
"Jefferies warns that these tech giants are likely to end up paying over the odds to get it, pointing out that SMRs are likely to be "significantly more expensive" than existing designs."
"Google is seeking additional clean power, not repurposing existing power, which has led them to line up a deal with Kairos Power for nuclear energy consumption."
"Jefferies states there are two key concepts: additionality and matching clean energy generation with each hour of load, which existing nuclear energy fails to meet."
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