NEW YORK, Aug 14 (Reuters) - Major data center developer
and operator Equinix ( EQIX ) has entered into several advanced
nuclear electricity deals, including power purchase agreements
for fission energy and pre-ordering microreactors for its
operations, the company said on Thursday.
Big Tech's race to expand technologies like generative
artificial intelligence, which requires warehouse-like data
centers that can require city-sized amounts of electricity at a
single site, is driving up global energy consumption and raising
fears about depleted power supplies.
The voracious energy needs of data centers has led to a
rising number of preliminary power deals to fuel data centers
with advanced nuclear energy.
Small modular reactors and other next-generation energy is
not yet commercially available in the U.S., the world's data
center hub.
The Equinix ( EQIX ) announcement follows news that the U.S.
Department of Energy earlier had selected an initial 11 projects
for a pilot program seeking to develop high-tech test nuclear
reactors with the aim of getting three of the projects operating
in less than a year.
Equinix's ( EQIX ) deals with advanced nuclear providers would supply
more than 1 gigawatt of electricity to the company's data
centers.
Among the agreements, Equinix ( EQIX ) plans to procure 500 megawatts
of energy from California-based Oklo's ( OKLO ) next-generation nuclear
fission powerhouses. It also entered into a preorder agreement
for 20 transportable microreactors from Radiant Nuclear, which
is also based in California.
In Europe, Equinix's ( EQIX ) agreements to eventually purchase power
from next-generation nuclear developers, ULC-Energy and
Stellaria.
Equinix ( EQIX ) also entered into advanced fuel cell agreements with
Bloom Energy, based in Silicon Valley.
The agreements are part of Equinix's ( EQIX ) long-term planning for
electricity to use for its data centers, as opposed to a
quick-fix solution, Raouf Abdel, Equinix's ( EQIX ) executive vice
president of global operations, told Reuters.