Why an energy company is reopening Three Mile Island, site of 1979 nuclear accident

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Three Mile Island, the Pennsylvania nuclear plant that was the site of a 1979 reactor accident, is reopening to generate power for artificial intelligence.

Julia JacoboThree Mile Island, the shuttered Pennsylvania nuclear power plant that was the site of a 1979 reactor accident that remains the worst commercial nuclear power plant accident in U.S. history, is reopening to generate power for artificial intelligence.

"This agreement is a major milestone in Microsoft's efforts to help decarbonize the grid in support of our commitment to become carbon negative. Microsoft continues to collaborate with energy providers to develop carbon-free energy sources to help meet the grids' capacity and reliability needs," said Microsoft Vice President of Energy Bobby Hollis in a statement.

The move is also "further confirmation" of the economic and environmental value of using existing nuclear power plants to meet decarbonization goals in the U.S., Buongiorno said. The Crane Clean Energy Center is expected to create 3,400 direct and indirect jobs and add more than 800 megawatts of carbon-free electricity to the grid, according to a"The CCEC will support thousands of family-sustaining jobs for decades to come," said Rob Bair, president of the Pennsylvania State Building and Construction Trades Council, in a statement.

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This power company has outpaced Nvidia, could ink next nuclear deal after Three Mile IslandThe Three Mile Island restart demonstrates the growing financial opportunity that nuclear power represents for utilities and their investors.
Source: CNBC - 🏆 12. / 72 Read more »