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
18:05
Authorities have issued a new RO-Alert message in the northern part of Tulcea County: Possible drone incursion
17:51
Egypt announces the discovery of a 15-meter gas-bearing layer at the Taiba well and is preparing to connect it to the existing infrastructure
17:37
Donald Trump admits Republicans’ setback after the elections and promises a comeback “stronger than ever”
17:27
ANM forecasts temperatures as low as -11 degrees in eastern Transylvania and a marked warm-up next week
17:04
Victor Negrescu, ahead of Ursula von der Leyen’s visit to Bucharest: “It must be a moment for concrete decisions on our country’s security and European investments”
See more news