Michael Vi
Palantir Technologies (NASDAQ:PLTR) said on Thursday that it has signed a deal with The Nuclear Company in an effort to use artificial intelligence and boost construction of nuclear power in the U.S.
Palantir shares rose 1% in premarket trading.
The deal will see the two companies co-develop and create an AI software system known as NOS (nuclear operating system), specifically for the purpose of nuclear construction. NOS will help in the construction of nuclear reactors and transform the process into a “data-driven, predictable process,” the companies said in a statement.
The goal will be for The Nuclear Company to build plants more expeditiously and safer, at less cost. The Nuclear Company will pay Palantir around $100M for the deal, according to Reuters.
“The future of energy security and sovereignty will be shaped by our ability to deploy advanced technologies at scale,” said Mike Gallagher, Head of Defense at Palantir Technologies, in a statement. “This partnership marks the first time Palantir’s software will be used to help power the next generation of nuclear energy infrastructure. By integrating our operating system with The Nuclear Company’s ambitious vision, we are laying the foundation for a new era of resilient, intelligent and secure energy systems in the United States and beyond.”
The deal comes as energy demand in the U.S. has risen to record highs, due in part to artificial intelligence and power-hungry data centers.
Last month, President Trump signed a number of executive orders that called for 400 GW worth of nuclear reactors by 2050, to make sure the U.S. has enough power to retain the lead in AI. The orders also said that 10 large-scale reactors need to be under construction by 2030.