The latest technology company to use nuclear power as an energy source is Meta.

Data center operators like Facebook owner Meta need secure power sources that are available around the clock. Meta is now seeking bids for up to four gigawatts of nuclear power capacity in the US by the early 2030s. Meta includes Facebook, WhatsApp and Instagram. This public tender is intended to bring the company together with nuclear energy developers. After all, a great deal of energy is needed to achieve the goals in the areas of AI innovation and sustainability. This can come from small modular reactors or even larger nuclear reactors. Meta’s future energy requirements and a comprehensive decarbonization of the industry are at the forefront of this. According to Meta, nuclear energy must be tackled early on as it takes a long time to develop and is also capital-intensive. In this, Meta is following the lead of other technology companies such as Google, Amazon and Microsoft. The future demand for energy is also huge when it comes to artificial intelligence. And nuclear energy supplies carbon-free electricity reliably day and night.

More and more governments around the world are turning to nuclear power. The Serbian parliament recently lifted the ban on the construction of new nuclear power plants. The ban dated back to 1989 and was motivated by energy security and the transition to clean energy sources, similar to the technology giants. Serbia is now taking action and has already commissioned experts to carry out a preliminary technical study on the use of nuclear energy in Serbia. This development will be accompanied by an increasing demand for uranium. This means that uranium companies such as Cosa Resources or IsoEnergy are in demand.

Cosa Resources’ – https://www.commodity-tv.com/ondemand/companies/profil/cosa-resources-corp/ – uranium projects are located in the famous Athabasca Basin in Saskatchewan. The company has recently entered into an acquisition agreement to acquire an interest in three uranium exploration projects from Denison. These are located in the eastern Athabasca Basin.

IsoEnergy – https://www.commodity-tv.com/ondemand/companies/profil/isoenergy-ltd/ – also owns high-quality uranium projects in the USA, Canada and Australia.

Current company information and press releases from IsoEnergy (- https://www.resource-capital.ch/en/companies/iso-energy-ltd/ -) and Cosa Resources (- https://www.resource-capital.ch/en/companies/cosa-resources-corp/ -).

In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 – 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer/