Catherine Clifford of CNBC reports on Silicon Valley’s growing interest in nuclear energy.
- The need to produce reliable, carbon-free energy is making Silicon Valley a major investor in nuclear power.
- From 2015 to 2021 nuclear energy-related investments in the U.S. rose by 325% by volume and 3,642% by dollar value, which was markedly more than total venture capital deals which rose by 54% in terms of deals closed and 294% by dollar value.
- Fusion power alone has seen $5 billion raised, the majority of which has come since the second quarter of 2021.
“Some venture capitalists are especially excited about fusion. It’s the type of nuclear energy that powers stars, and it generates no long-lasting radioactive waste — but so far, it’s proven fiendishly difficult to create a lasting fusion reaction on Earth and impossible to generate enough energy for commercial generation.”
Read the full article here.
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