Constellation Energy to restart Three Mile Island nuclear plant, sell the power to Microsoft for AI [View all]
Last edited Fri Sep 20, 2024, 09:07 AM - Edit history (1)
Source: CNBC
Published Fri, Sep 20 2024 7:22 AM EDT Updated 8 Min Ago
Constellation Energy plans to restart the Three Mile Island nuclear plant and will sell the power to Microsoft, demonstrating the immense power needs of the tech sector as they build out data centers to support artificial intelligence.
Constellation expects the Unit 1 reactor at Three Mile Island near Middletown, Pennsylvania, to come back online in 2028, subject to approval by the Nuclear Regulatory Commission, the company announced Friday. Constellation also plans to apply to extend the plant’s operations to at least 2054. Constellation stock jumped more than 9% in early trading.
Microsoft will purchase electricity from the plant to match the energy its data centers consume with carbon-free power. Constellation described the agreement with Microsoft as the largest power purchase agreement that the nuclear plant operator has ever signed. “The decision here is the most powerful symbol of the rebirth of nuclear power as a clean and reliable energy resource,” Constellation CEO Joe Dominguez told investors on a call Friday morning.
Unit 1 ceased operations in 2019 as nuclear power struggled struggled to compete economically with cheap natural gas and renewables. It is separate from the reactor that partially melted down in 1979 in the worst nuclear accident in U.S. history. Constellation will rename the plant the Crane Clean Energy Center.
Read more: https://www.cnbc.com/2024/09/20/constellation-energy-to-restart-three-mile-island-and-sell-the-power-to-microsoft.html
Link to Constellation Energy NEWS RELEASE - Constellation to Launch Crane Clean Energy Center, Restoring Jobs and Carbon-Free Power to The Grid
Ode to all of us that live in PA and remember when the CT and
was rampant -
Article updated.
Previous articles/headline -
Constellation Energy plans to restart the Three Mile Island nuclear plant and will sell the power to Microsoft, demonstrating the immense power needs of the tech sector as they build out data centers to support artificial intelligence.
Constellation expects the Unit 1 reactor at Three Mile Island to come back online in 2028, subject to approval by the Nuclear Regulatory Commission, the company announced Friday.
Unit 1 ceased operations in 2019 because it could not compete economically with cheap natural gas and renewables. It is separate from the reactor that partially melted down in 1979 in the worst nuclear accident in U.S. history.
Microsoft will purchase electricity from the plant to match the energy its data centers consume with carbon-free power. Constellation described the agreement with Microsoft as the largest power purchase agreement that the nuclear plant operator has ever signed.
Constellation Energy plans to restart the Three Mile Island nuclear plant and will sell the power to Microsoft, the companies announced on Friday.
Constellation expects the Unit 1 reactor at Three Mile Island to come back online in 2028, subject to approval by the Nuclear Regulatory Commission. Unit 1 ceased operations in 2019 and is separate from the reactor that partially melted down in 1979 in the worst nuclear accident in U.S. history.
Microsoft will purchase electricity from the plant to match the energy its data centers consume with carbon-free power. Constellation described the agreement with Microsoft as the largest power purchase agreement that the nuclear plant operator has ever signed.
Constellation stock jumped nearly 7% in early trading.
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Original article/headline -
Published Fri, Sep 20 2024 7:22 AM EDT Updated 7 Min Ago
Constellation Energy plans to restart the Three Mile Island nuclear plant and will sell the power to Microsoft, the companies announced on Friday.
Constellation expects the Unit 1 reactor at Three Mile Island to come back online in 2028, subject to approval by the Nuclear Regulatory Commission. Unit 1 ceased operations in 2019 and is separate from the reactor that partially melted down in 1979 in the worst nuclear accident in U.S. history.
This is breaking news. Please refresh for updates.
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