Microsoft, Google, Nucor to Collaborate on New Electricity Business Models
By Will Feuer
Microsoft, Google and steel producer Nucor said they will aggregate their demand and collaborate in an effort to develop new business models for clean-electricity technologies, including nuclear energy.
The work will focus on accelerating the development of first-of-a-kind and early commercial projects spanning advanced nuclear, next-generation geothermal, clean hydrogen, long-duration energy storage and more.
The companies said they will issue a request for information in several U.S. regions for potential projects in need of offtake.
By pooling the demand for electricity from the three companies, they hope to reduce the risks for utilities and developers considering early commercial projects. The companies said they hope to bring projects online by early next decade.
Write to Will Feuer at Will.Feuer@wsj.com
(END) Dow Jones Newswires
March 19, 2024 08:35 ET (12:35 GMT)
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