←back to thread

Google commits to buying power generated by nuclear-energy startup Kairos Power

(www.wsj.com)
589 points atomic128 | 1 comments | 14 Oct 24 19:06 UTC | HN request time: 0.261s | source
Show context
pinewurst ◴[14 Oct 24 19:56 UTC] No.41841253[source]▶
It’s not real funding, it’s a power purchase agreement from something that may never be built! No different from Microsoft’s previous fusion power purchase agreement. The Goog may as well announce they’ve reserved office space in a building to be built on Proxima Centauri B.

Just tech virtue signalling: Google/Microsoft trade the impression that they’re relevant leaders for some legitimacy for a blue sky startup.

replies(5): >>41841357 #>>41841798 #>>41842322 #>>41842424 #>>41851226 #
1. danans ◴[15 Oct 24 18:00 UTC] No.41851226[source]▶
> It’s not real funding, it’s a power purchase agreement from something that may never be built!

PPAs can be used as evidence of guaranteed revenue when raising funds in capital and debt markets.

That capital and debt is used to develop and deploy the technology.