Amazon, Google, Meta "boost" nuclear energy - Companies support tripling capacity by 2050
Amazon, Google and Meta stated that they support efforts to achieve at least a tripling of nuclear energy worldwide by 2050.
Tech companies signed a pledge first adopted in December 2023 by more than 20 countries, including the US, at the UN Climate Change Conference. Financial institutions such as Bank of America, Goldman Sachs and Morgan Stanley supported the pledge last year.
The pledge is not binding, but highlights the growing support for nuclear power expansion among major industries, finance and governments.
Amazon, Google and Meta are increasingly important drivers of energy demand in the US as they build artificial intelligence centers. The tech sector is turning its attention away from nuclear power, having concluded that renewables alone will not be enough for their energy needs.
Amazon and Google announced investments last October to help build small nuclear reactors, a still-developing technology that the industry hopes will reduce cost and timelines.
Nuclear power, a clean energy source, generates 9% of the world's electricity from 439 reactors, according to data.
In January last year, prices for uranium oxide, which is used in nuclear technology, reached their highest levels in over 16 years due to supply uncertainty and higher demand.
Despite demand, supply is still limited as global uranium production is heavily concentrated in Kazakhstan, Canada and Australia, accounting for about two-thirds of the world total in 2022.
Poll
How will excise taxes affect oil and gasoline? - The Italian government's decision aims to support public transportation
Excise is a “reordering and not an increase”, as more than one representative of the Italian government, which finalized the legislative decree on this......
Record increase in construction wages! - Expert: Due to labor shortage, workers are being imported from abroad
Wages continued to increase steadily throughout the last three months of last year, but what stands out most is that in the construction sector, employee......
Albania, a center of innovation and development - The Smart Specialization Strategy comes into force. What are the priority areas?
Albania is on the path to transforming into a hub of innovation and development. The Smart Specialization Strategy 2024-2030 (S3) has just entered into......
How well do Albanians speak English? - Global Relocate ranks us 40th in the world, but we remain at the bottom in Europe
Global Relocate has recently released some statistics that rank English language skills for 2025 and show how well the language is spoken in some countries......
Milk, more expensive in Albania than in the EU - In January, the average price for a liter in our country was 155.7 lekë
Overall inflation for February was 1.9%, according to the latest INSTAT publication. One of the categories that has recorded the highest growth is that of......
How will Trump's tariffs affect Europeans? - Analysis/ Trade war will hurt the economy and consumers
The specter of a transatlantic trade war looms over the United States and the European Union again. On March 12, the US imposed a 25% tariff on steel and......
The employment paradox in Albania/ Youth unemployment on the rise, despite labor shortage
Employment indicators appear to have continued to improve throughout 2024, compared to previous years. Official figures show that during the last quarter of......
Over 41 thousand individuals did not declare their income - DIVA/ 140 thousand employees, obligation to submit declaration by March 31
Over 41 thousand individuals have not completed the Individual Income Tax Declaration for 2023, which is reflected in the budget revenues in 2024. Referring......
