Overview

• Oracle plans to build a new data center with over a gigawatt of capacity powered by three small modular reactors (SMRs).
• The company has secured the necessary building permits for the reactors, which are designed to be mass-produced and cost-efficient.
• SMRs are miniaturized nuclear reactors that promise to provide reliable, carbon-free energy but are not yet commercially operational.
• Oracle's move comes amid growing energy demands from AI data centers, which are expected to consume a significant portion of future global energy supply.
• Other tech giants like Amazon and Microsoft are also exploring nuclear energy options to power their data centers.