(Zero Hedge)—It isn’t often Bill “Mr. I Know What’s Best For The Entire World” Gates comes up with an idea that we aren’t immediately skeptical of, but his recent pledge to promote next generation nuclear power sounds to us to be a common sense solution to multiple problems we’ll be facing in coming years.
Gates is pledging billions of dollars to promote nuclear through startup TerraPower LLC, OilPrice.com wrote this week. And it looks like that number could grow.
Gates recently told Bloomberg: “I put in over a billion, and I’ll put in billions more.”
OilPrice.com notes that nuclear power is gaining global traction as a key player in decarbonization strategies. In addition to TerraPower, companies like Sam Altman-led Oklo are also focused on modernizing nuclear with small modular reactors.
Advocates emphasize its immense clean energy potential, proven technology, and existing infrastructure. Although not renewable, nuclear energy emits zero carbon and could help meet global emissions targets.
As we have been noting for months, urgency for clean energy has intensified due to the tech sector, especially Artificial Intelligence, consuming massive amounts of energy. This surge in demand has reversed the trend, with developed countries now experiencing faster energy demand growth than developing nations.
The IT industry currently accounts for about 2% of global CO2 emissions, according to Science Alert in 2023. Gartner predicts the AI sector alone will consume 3.5% of global electricity by 2030 without significant changes.
In response, tech giants are seeking carbon-free energy sources, with many turning to nuclear power. Bill Gates and Warren Buffett’s TerraPower aims to supply nuclear energy for Microsoft’s AI needs and is developing safer, less controversial reactors using liquid sodium coolant, which reduces water usage and may recycle spent nuclear fuel, addressing hazardous waste concerns.
Recall, at the start of April, we penned a lengthy report for premium subs discussing why artificial intelligence data centers, the electrification of the economy, and onshoring trends will result in a major upgrade of the nation’s power grid. We followed the note up on Monday with a report titled Everyone Is Piling Into The “Next AI Trade.”
In May, Larry Fink jumped on the trade: “I do believe to properly um build out AI. We’re talking about trillions of dollars of investing. So data centers today could be as much as 200 megahertz – and they’re now talking about data centers being one gigawatt. That powers a city.”
Don’t just survive — THRIVE! Prepper All-Naturals has launched offering freeze-dried beef for long-term storage. Don’t wait for food shortages to get worse. Stock up today. Use promo code “jdr” at checkout for 25% off!
It’s becoming increasingly clear that fiat currencies across the globe, including the U.S. Dollar, are under attack. Paper money is losing its value, translating into insane inflation and less value in our life’s savings.
Genesis Gold Group believes physical precious metals are an amazing option for those seeking to move their wealth or retirement to higher ground. Whether Central Bank Digital Currencies replace current fiat currencies or not, precious metals are poised to retain or even increase in value. This is why central banks and mega-asset managers like BlackRock are moving much of their holdings to precious metals.
As a Christian company, Genesis Gold Group has maintained a perfect 5 out of 5 rating with the Better Business Bureau. Their faith-driven values allow them to help Americans protect their life’s savings without the gimmicks used by most precious metals companies. Reach out to them today to see how they can streamline the rollover or transfer of your current and previous retirement accounts.