HomeAbout

TL;DR CNBC


Constellation Energy to restart Three Mile Island nuclear plant, sell the power to Microsoft for AI - TL;DR CNBC

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: ORCLCEGUNDEFINEDAMZNMSFT

Keywords: business newsbreaking news: marketsmicrosoft corpenergytechnologyamazon.com incclimateconstellation energy corpbreaking news: technologyoracle corptalen energy corp

Source: https://www.cnbc.com/2024/09/20/constellation-energy-to-restart-three-mile-island-and-sell-the-power-to-microsoft.html


Developed by Leo Phan