Constellation Energy to restart Three Mile Island nuclear plant, sell the power to Microsoft for AI
Publishing timestamp: 2024-09-20 11:22:47
Summary
Constellation Energy plans to restart Unit 1 reactor at Three Mile Island and sell power to Microsoft to support data centers. This move demonstrates the energy needs of the tech sector and the growing demand for carbon-free power. Constellation's stock jumped 22% on the news, and the company plans to invest $1.6 billion in restarting the plant. Other tech companies are also turning to nuclear power to meet their electricity demands while adhering to climate goals.
Sentiment: POSITIVE
Tickers: ORCL, CEG, UNDEFINED, AMZN, MSFT,
Keywords: business news, breaking news: markets, microsoft corp, energy, technology, amazon.com inc, climate, constellation energy corp, breaking news: technology, oracle corp, talen energy corp,