Three Mile Island nuclear reactor to restart under Microsoft deal
Published On Sep 20, 2024, 1:51 PM
Microsoft has signed a deal with Constellation Energy to restart the Three Mile Island nuclear reactor, which has been offline for over five years. This agreement is valued at over 800 megawatts of emissions-free power, scheduled to come online by 2028. The news has positively impacted Constellation Energy's stock prices, which rose by more than 20% on the announcement. Meanwhile, Microsoft aims to secure carbon-free energy for its expanding data centers.
Stock Forecasts
CEG
Positive
The restart of the Three Mile Island reactor is likely to be beneficial for Constellation Energy as it can provide a reliable source of emissions-free energy, which is increasingly in demand, especially with investors focused on sustainability and carbon neutrality.
Related News
Nuclear Power Is the New A.I. Trade. What Could Possibly Go Wrong?
Sep 27, 2024, 5:03 AM
Artificial intelligence’s hunger for energy has set off a boom in utility stocks and may lead to the reopening of the Three Mile Island nuclear plant, our columnist says.
Stock market today: Dow ekes out another record amid winning week
Sep 20, 2024, 4:05 PM
Rate-cut euphoria is fading amid reminders of risks to growth.
Three Mile Island nuclear reactor to restart under Microsoft deal
Sep 20, 2024, 1:51 PM
Constellation Energy expects to start delivering power from Three Mile Island to the grid in 2028.