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Nuclear power is 'overblown' as an energy source for data centers, power company CEO says - TL;DR CNBC

Nuclear power is 'overblown' as an energy source for data centers, power company CEO says

Publishing timestamp: 2024-06-10 16:58:04


Summary

AES Corporation CEO Andrs Gluski believes that the euphoria over nuclear power as a source for data centers is overblown. He sees renewables as the future, with natural gas playing a role as a transition fuel. The company has signed agreements with major tech companies like Amazon, Microsoft, and Google to provide renewable energy for their data centers. Despite the positive outlook on renewables, Gluski acknowledges the need for natural gas as a backup power source until battery technology becomes more advanced. The company's stock has seen a significant increase in value recently.


Sentiment: MIXED

Tickers: GPJAAESMSFTAMZN

Keywords: energyalternative and sustainable energygeorgia power counited statesaes corpbusiness newsmarketsmicrosoft corpenvironmentbreaking news: marketsamazon.com inc

Source: https://www.cnbc.com/2024/06/10/nuclear-is-overblown-as-energy-source-for-data-centers-aes-ceo-says.html


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