Billionaire Peter Thiel invests in the development of nuclear fuel for modern reactors

Founders Fund, a venture capital company co-founded by billionaire Peter Thiel, has backed a nuclear startup that plans to produce fuel for the latest generation of reactors.< /p>

It reports Financial Times.

The start-up, joined by veterans of the nuclear industry and SpaceX engineers, will develop a new method of producing high-grade low-enriched uranium (Haleu).

Haleu is considered more efficient than traditional nuclear fuel and is used in small modular reactors. Big tech companies like Amazon and Microsoft hope this fuel will help provide reliable power for AI-enabled data centers.

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Founders Fund efforts highlight nuclear power's growing role for the tech sector , which requires significant amounts of clean and stable energy to support the AI ​​infrastructure. These companies are committed to meeting environmental standards for carbon emissions.

One major development was Microsoft's signing of a 20-year electricity deal with Constellation Energy, which includes the restoration of the Three Mile Island nuclear power plant in Pennsylvania. Peter Thiel has already backed other nuclear projects, including fusion startup Helion and Transatomic Power, which developed molten salt reactors.

Centrus Energy, a Maryland company in which Thiel also invested, plans to start producing Haleu uranium in the USA. Last year, the company launched a demonstration unit for the production of this fuel.