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
23:08
The Commission proposes the automatic exchange of data on the beneficial owners of real estate properties in other EU member states
22:58
Police are searching for Andrei Cristian Marin, an 18-year-old with Down syndrome who went missing from Sector 6
22:57
A Romanian man, his mother and his aunt have been arrested in Austria in a case involving the trafficking of fentanyl patches
22:55
Painting from Kogalniceanu's collection, gifted by Hitler, exhibited at a museum in Iași
22:54
Duane “Keffe D” Davis was sentenced to 40 years for orchestrating the murder of Tupac Shakur
See more news