Nuclear power is undergoing a resurgence in the US as large tech companies seek energy solutions for AI demands. Fermi America's project in Amarillo, Texas, supported by Hyundai, plans to deploy six gigawatts of nuclear power at the largest advanced energy campus. Construction of four Westinghouse AP1000 reactors will commence next year, with the aim to supply power to computing facilities by 2032. The financial implications are significant, as the cost of a single reactor is substantial compared to current tech infrastructure investments.
The project is backed by Rick Perry, who served as Texas governor and US Energy Secretary, and investor Toby Neugebauer, and aims to establish Texas as the US's largest energy and intelligence campus.
Construction of the first of four Westinghouse AP1000 reactors is set to begin next year in Amarillo with the plant funneling behind-the-meter power to GPU bit barns by 2032.
A single AP1000 reactor was estimated to cost $6.8 billion two years ago. That's a lot of money, but nothing compared to what the hyperscalers and neo-clouds are pumping into datacenters.
If history tells us anything, Fermi America's nuclear ambitions could end up costing a whole lot more.
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