South Carolina Utility Wants to Sell Unfinished Nuclear Power Site
Published On Jan 22, 2025, 3:18 PM
Santee Cooper, a utility in South Carolina, is seeking buyers for two nuclear reactors that were abandoned in 2017 due to delays and cost overruns. This move comes as tech companies increasingly look to nuclear energy to power their data centers sustainably. The company is accepting bids until May 5 and does not plan to operate the reactors after they are completed. The interest in nuclear energy is said to be fueled by rising demand from advanced manufacturing and AI-driven data centers aiming for zero-carbon operations.
Stock Forecasts
NEE
Positive
The renewed interest in nuclear energy, particularly among tech companies seeking stable and sustainable energy sources for their data centers, presents an opportunity for investment in nuclear-related companies. If the reactors are successfully sold and completed, it could generate positive sentiment and investment in nuclear energy stocks.
SRE
Negative
However, the historical context of delays and cost overruns in nuclear projects combined with potential regulatory and safety challenges could pose risks. Companies involved in traditional energy such as natural gas might face negative impacts as more companies shift towards nuclear. Investors need to watch for regulatory changes and the progress of the sale.
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