The U.S. Department of Energy announced on Tuesday a loan of 1 billion dollars to support the resumption of operations at the Three Mile Island nuclear power plant, which will provide energy for Microsoft’s data centers. The loan aligns with the priorities of the Trump administration, including supporting nuclear energy. Constellation Energy, the owner of the operational reactor, will benefit from reduced financing costs to restart the plant, which can power approximately 800,000 households. The reactor has been shut down for five years, and Constellation announced last year a 1.6 billion dollar plan to restart it, under a 20-year agreement with Microsoft. The plant, located on the island in the Susquehanna River, was the site of the worst commercial nuclear accident in the U.S. in 1979. The resumption of operations comes in a favorable context for nuclear energy, amid rising energy demand and concerns about climate change.
Sources
Department of Energy loans $1 billion to help restart Pennsylvania's Three Mile Island nuclear reactor
Department of Energy loans $1 billion to help restart Pennsylvania's Three Mile Island nuclear reactor
Energy Department loans $1B to help finance the restart of nuclear reactor on Three Mile Island
Latest News
23:02
SANITAS calls for higher salaries in 2027, a new pay law and the removal of restrictions in healthcare
22:54
The US imposes new sanctions on companies and individuals in India and Turkey over ties to Iran and shipments of Iranian oil
22:53
A Romanian worker died aboard a ship under construction in Italy
22:42
Florin Manole announces pension increases from January 1 and a second installment of aid for pensioners with low incomes
22:23
Donald Trump warns Democrats that their party will be “destroyed” if they try to impeach him after taking control of Congress
See more news