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.

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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.

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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.

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