Microsoft deal would reopen Pennsylvania nuclear plant, site of 1979 partial meltdown, to power AI

Published On Sep 20, 2024, 9:20 AM

Microsoft has entered a 20-year agreement with Constellation Energy Corporation to restart the Three Mile Island nuclear plant in Pennsylvania, which was previously shut down following a partial meltdown in 1979. Under this deal, Microsoft will purchase energy from the plant to power its data centers, aligning with its goal of using carbon-free energy. The initiative, named the Crane Clean Energy Center, aims to add over 800 megawatts of carbon-free electricity to the grid, create approximately 3,400 jobs, and potentially boost Pennsylvania's GDP by $16 billion. The plant is expected to operate until at least 2054, pending regulatory approvals and significant restoration investments.

Stock Forecasts

The restart of the Three Mile Island Unit 1 reactor represents a significant move towards increasing carbon-free energy supply. This aligns with broader trends in renewable energy and sustainability, which are vital for companies like Microsoft focused on carbon reduction. The project is likely to enhance Microsoft’s operational capabilities and boost its sustainable profile, positioning it positively among investors.

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