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Miami Herald
07-07-2025
- Business
- Miami Herald
Smaller nuclear reactors spark renewed interest in a once-shunned energy source
ABILENE, Texas - Bolstered by $3.2 million from a former Midland oilman, this West Texas city of 130,000 people is helping the Lone Star State lead a national nuclear energy resurgence. Doug Robison's 2021 donation to Abilene Christian University helped the institution win federal approval to house an advanced small modular nuclear reactor, which might be finished as soon as next year. Small modular reactors are designed to be built in factories and then moved to a site, and require less upfront capital investment than traditional large reactors. The company Robison founded, Natura Resources, is investing another $30.5 million in the project. Only two small modular reactors are in operation, one in China and another in Russia. Natura Resources is one of two companies with federal permits to build one in the U.S. "Nuclear is happening," said Robison, who retired from the oil business and moved to Abilene to launch the company. "It has to happen." Robison's words are being echoed across the country with new state laws that aim to accelerate the spread of projects that embrace advanced nuclear technology - decades after the Three Mile Island and Chernobyl calamities soured many Americans on nuclear power. In the past two years, half the states have taken action to promote nuclear power, from creating nuclear task forces to integrating nuclear into long-term energy plans, according to the Nuclear Energy Institute, which advocates for the industry. "I've been tracking legislation for 18 years, and when I first started tracking, there were maybe five or 10 bills that said the word 'nuclear,'" said Christine Csizmadia, who directs state government affairs at the institute. "This legislative session, we're tracking over 300 bills all across the country." The push is bipartisan. In New York, Democratic Gov. Kathy Hochul recently directed the New York Power Authority to build a zero-emission advanced nuclear power plant somewhere upstate - her state's first new nuclear plant in a generation. In Colorado, Democratic Gov. Jared Polis in April signed legislation redefining nuclear energy, which doesn't emit a significant amount of planet-warming greenhouse gases, as a "clean energy resource." The law will allow future plants to receive state grants reserved for other carbon-free energy sources. But no state is more gung-ho than Texas, where Republican Gov. Greg Abbott recently signed legislation creating the Texas Advanced Nuclear Energy Office and investing $350 million in nuclear expansion. "Texas is the energy capital of the world, and this legislation will position Texas at the forefront of America's nuclear renaissance," Abbott wrote in a statement. In addition to legislative action, the Texas A&M University System has invited four nuclear manufacturers to build small modular reactors at the school's 2,400-acre RELLIS campus in the city of Bryan. In Texas and other fast-growing states, rising electricity demands are fueling the push. Tech companies such as Google, Microsoft and Amazon that require a tremendous amount of electricity to power vast data centers are teaming with nuclear developers to provide it. Last October, Google signed an agreement with nuclear energy producer Kairos Power to deploy multiple small modular reactors capable of generating a total of up to 500 megawatts by 2035. Meta, the parent company of Facebook, announced in December that it is also looking to reach a similar deal. Some of the largest data centers require more than 100 megawatts of power capacity, enough to power around 100,000 U.S. households. Constellation Energy announced last September that it would reopen Three Mile Island, shuttered since 2019, as part of a deal with Microsoft to power the tech giant's AI data centers. One of the two reactors at the plant, which is located south of Harrisburg, Pennsylvania, partially melted down in 1979. But the remaining reactor reliably produced electricity for the next four decades. "Folks shouldn't sleep on nuclear," Pennsylvania Democratic Gov. Josh Shapiro said as he welcomed back workers to the plant recently. "They should be aware of the important clean role it plays in our energy portfolio." But opponents say the renewed interest in nuclear energy is misguided. In Colorado, a coalition of two dozen environmental groups, including the state chapter of the Sierra Club, urged Polis to veto the bill. "The idea that nuclear power is a clean energy source could not be further from the truth," the groups wrote in a letter to the governor. "Nuclear power is the only energy resource that generates dangerous waste that will remain radioactive for thousands of years." Some critics say small modular reactors are actually more expensive than traditional reactors, when they are judged per kilowatt of the energy they produce. And one 2022 study, conducted by researchers at Stanford University and the University of British Columbia, concluded that small modular reactors will produce more radioactive waste than traditional reactors. "There's a pretty healthy skepticism about advanced nuclear projects," said Adrian Shelley, who heads the Texas office of Public Citizen, a nonprofit consumer advocacy group. Shelley said many environmental groups "are just deeply concerned about Texas' ability to responsibly manage nuclear storage and especially nuclear waste in the long term." Ramping up The United States currently has 94 nuclear reactors at 54 plants in 28 states. The oldest began operating at Nine Mile Point in New York in 1969; the newest reactors, Vogtle Units 3 and 4 in Burke County, Georgia, began operating in 2023 and 2024. Scott Burnell, a spokesperson for the federal Nuclear Regulatory Commission, said that between the mid-1990s and 2005, there were "no applications at all" for new reactors. In 2007, there was a surge of a dozen applications when the federal government began offering tax incentives. But interest in new reactors plunged again when the fracking boom boosted fossil fuels as an economical power source. Over the past several years, activity has ramped up again. "There are a number of factors that we are seeing drive this increased interest," Burnell said. "Probably the biggest one is the growth in data centers." The commission has approved three new nuclear projects in the past three years, including the one at Abilene Christian University. It is reviewing three other applications and is discussing potential projects with a dozen other nuclear developers, Burnell said. Texas currently has two nuclear plants - Comanche Peak near Glen Rose in North Central Texas and the South Texas Project in Matagorda County on the Gulf Coast. The two plants, each of which has two reactors, provide about 10% of the state's electric power, according to the Texas comptroller. The new small modular reactors would face the same safety standards as these plants. The project at Abilene Christian began when Robison's Natura Resources established a research alliance with that school, the Georgia Institute of Technology, Texas A&M University and the University of Texas at Austin. The Nuclear Regulatory Commission approved the project in 2024. The reactor will be constructed at a laboratory at a different site, but its home already awaits in a trench at the bottom of a cavernous room at Abilene Christian's Dillard Science and Engineering Research Center. The trench is 25 feet deep, 80 feet long and 15 feet wide, with a radiation shield made of concrete 4 feet thick. When the 40-ton reactor is finished, possibly by the end of next year, it will be transported to its home on a flatbed truck. "The future is uncertain, but we're ahead of the pack and moving at an amazing clip," said Rusty Towell, an Abilene Christian engineering and physics professor who is working on the project. "So I think that there's a great reason for optimism." Towell asserted that the project will produce only "small amounts of low-level waste" and that storing it safely will not be a significant challenge. 'What Henry Ford did for cars' John Sharp, the outgoing chancellor of Texas A&M University, said he invited nuclear companies to build small modular reactors at the school to help meet the country's desperate need for more power. He said it made sense to give developers access to the faculty and students at the university's nuclear engineering department. Sharp said his pitch was simple: "Hey, we got some land. We got it next to some really smart people. Would you like to come and build a plant? "And four folks said, 'You betcha.'" Matt Loszak, the 34-year-old CEO of Austin-based Aalo Atomics, one of the companies that answered Sharp's call, said he had two employees 18 months ago. Now he has more than 50. "We want to do for reactors what Henry Ford did for cars," Loszak said, "which is really make them mass manufacturable and make it economical to deploy around the world." Robison said he's been speaking at town halls in Abilene, a conservative community that is home to Dyess Air Force Base, for about five years. He claims the residents are "overwhelmingly excited" about having the small modular reactors at Abilene Christian, he said. "Texas is an energy state," he said. "We understand energy and what happens when you don't have it." Copyright (C) 2025, Tribune Content Agency, LLC. Portions copyrighted by the respective providers.
Forbes
04-07-2025
- Business
- Forbes
American And Chinese Energy Policies: Great Minds Think Alike
Global trends have shifted in the past few years and as I've already discussed, America will buck the international trend and set its own strategy. Recent developments in energy technologies and markets are worth exploring. Conservative With Risk It's recognized in the new administration's Department of Energy (DOE) and Environmental Protection Agency's (EPA) policy goals that Energy Security is recognized as National Security. Dominance in Ai advancement and supporting 'Gold Standard Science' are just as integral to the assured prosperity of our nation, and the President doesn't intend to compromise on these standards. While the hesitancy to accept solar power has been disheartening to those concerned about climate change, the American Nuclear Renaissance for which we will all be grateful provides context. Three Mile Island Nuclear Power Plant. No one died from the incident at Three Mile Island. Clean, Exciting, But Still Emerging As the new head of the DOE has stated, the intermittency of Variable Renewable Energy (VRE) gives policy makers pause to widely adopt solar and wind. It hasn't been proven at scale as a primary source of energy production, and until the complimentary batteries and grid expansions can occur, we must be pragmatic when viewing Energy Policy. Its first goal is to provide Americans with reliable and affordable energy. Adventurism into emerging (which is to say unproven, in the eyes of some) technologies is a luxury for private investors or small-scale pilot programs, not civilization-wide transitions on a whim. I don't think I need to say this, but I feel compelled: I disagree with some of these premises and the conclusions drawn from them, but I am not being consulted on domestic energy policy by the United States government, so for now my thoughts are immaterial to this explanation of recent events. The seeming stubbornness with which fossil fuels are clung-to baffles observers. Some hypothesize that pure greed is a motivation, with policy makers having stake in, or constituents who are part of these industries. A less cynical thought could consider energy strategy. Coal and oil are Victorian and biblical-age technologies. We have moved past them: we're all about to have Nuclear. But importantly, we don't have it yet. Until the transition to clean energy can happen at scale, we will still need electricity and as observed, we can't be at the mercy of the sunshine and wind while trying to achieve Artificial General Intelligence before the Chinese. No one wants polluted air and water, but no American wants to live in a second-rate nation. Some may say that coal is outdated, while others can look at the same long history and call it tried-and-true. Hence, those who don't trust VREs can use a different set of tactics to secure energy dependence, national security, and technological dominance: expand any sort of energy production that's viable for now, while pursuing full-throttle the most promising methods of energy production that we have available for the future. This is why climate change deniers can still be some of the most ardent supporters of nuclear power; it's proven, it's scalable, and the more research that we do, we find even more efficient AND SAFE ways to go implement it. Data Centers are proliferating and draw huge amounts of electricity. Do we want to power them with ... More methane spewing gas turbines or clean nuclear power? China's Maneuvering If you were to think that this is all pessimistic and that surely all policy makers who support natural gas and coal are getting kickbacks, you'd do well to consider that China is doing something similar. The connections between technological advancement, energy security and national security are understood in China the same as in America. The need to look to the future and plan for it now, while keeping the present free of deprivation, is a duty of political leadership the world over. This might explain why China, our nearest peer-competitor, has a plan that's generally similar to ours. From first principles: Ai is the future; dominance in Ai is strategically important. Ai will need large data centers that will need lots of electricity. It's not a choice to pursue Ai as geopolitics demands it; technological dominance yields power. China sets records for both coal and clean energy. They're securing strategic coal imports at low global prices, and still building coal power plants. Of every four tons of coal burned for electricity generation, one of those is burned in China. Another way to say, 62% of their electricity still comes from coal. This provides perspective while concurrently considering that they're expanding solar power at record breaking rates. What do we see here? A similar idea to the Americans: VRE can be promising, but we aren't there yet. The point of difference is to what degree the countries will rely on solar or wind while expanding nuclear power, but the path forward looks similar. All roads lead to nuclear. Fusion, Thorium, and Small Modular Reactors Taken as a group, these are the nuclear power technologies of the future. Small Modular Reactors (SMRs) use the established fission method, but at a smaller scale which makes them more versatile than large reactors. They can be produced in an assembly line fashion and deployed wherever they're needed like individual data centers. This may sound excessive, but Amazon is currently trying to plug straight into a reactor in Pennsylvania, while their sister company X-energy builds SMRs. Jeff Bezos has been investing in nuclear fusion since 2011. The need is real and recognized by people who plan to profit from and shape the future. Amazon is one example; if I were to give an overview of the household names that are investing in nuclear power, that would be its own article. That said, Google, Sam Altman, and Rolls Royce are on the list. Microsoft is reopening Three Mile Island, as they should. Thorium was pioneered in America decades ago, but has been taken up by China to great success. They're actively getting closer to commercially viable Thorium Power; they've had a breakthrough this year with refueling that solidifies their global edge. No serious observer doubts that the future is nuclear. Everyone is working towards it differently, but everyone is working towards it. NEWPORT NEWS, Va. (Nov. 1, 2012) The Virginia-class attack submarine Minnesota (SSN 783) is under ... More construction at at Huntington Ingalls Newport News Shipbuilding. (U.S. Navy photo courtesy of Newport News Shipbuilding/Released) Critical Minerals Beyond Energy Production Everyone has been talking about critical minerals this year, and I don't need to repeat what we all know. They're critical to the energy transition and China dominates the market. Energy security is national security, and rare earths are critical for both. In yet another direct way, they're indispensable to national security; as reported by the Center for Strategic and International Studies: the F-35 fighter jet contains over 900 pounds of Rare Earth Elements (REEs). An Arleigh Burke-class DDG-51 destroyer requires approximately 5,200 pounds, while a Virginia-class submarine uses around 9,200 pounds. No matter how you look at it, critical minerals are critical, and strategic planning must recognize this. If America can't immediately secure its supply chains, then while it works to do so it will still need electricity. This brings us back to the strategic value of coal and oil. The Global Critical Minerals Outlook 2025 show's China's dominance over critical minerals. They're ... More strategically positioned. The high-level goals are similar, but the implementations are different. This comes to a matter of philosophy, with the Americans more hesitant than the Chinese to rely on variable renewable power. The common aims that the government leaders share is to ensure the prosperity of their peoples. Without getting lost in detail, the world's two largest economies agree on the goal to provide a prosperous and peaceful future to their peoples. Great minds think alike.
Yahoo
04-07-2025
- Business
- Yahoo
Is Microsoft Stock About to Go Nuclear?
Microsoft (MSFT) is aggressively scaling its infrastructure to meet surging energy demands driven by artificial intelligence and cloud computing. As AI models grow more complex and data centers become more power-intensive, the tech giant is turning to nuclear energy to fuel its ambitious growth. Amid this backdrop, Microsoft has become a central figure in reviving the Three Mile Island nuclear plant, the site of America's worst nuclear accident, transforming a once-shuttered reactor into a promising solution for its energy needs. More importantly, the timeline for restarting the Three Mile Island Unit-1 reactor has been accelerated in what many are calling a significant 'win' for Microsoft. But what does this accelerated nuclear revival really mean for Microsoft investors? Could this blend of Big Tech and nuclear energy be the catalyst that pushes MSFT stock to even greater heights? In this article, we'll examine the implications of Microsoft's nuclear-powered ambitions, helping investors determine whether MSFT is about to 'go nuclear.' Let's dive in! Michael Saylor Says 'You'll Wish You'd Bought More' Bitcoin as MicroStrategy Doubles Down Is Super Micro Computer Stock a Buy, Sell, or Hold for July 2025? Wolfspeed Is Surging After Filing for Bankruptcy. Is It Too Late to Touch WOLF Stock Here? Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! Microsoft (MSFT) is a dominant force in the technology sector, boasting a diverse portfolio spanning software, cloud computing, AI, gaming, and hardware. Notably, the company is among the pioneers targeting the AI market through its partnership and substantial investments in OpenAI. MSFT has a market cap of $3.66 trillion, making it the second most valuable public company in the world. Shares of the tech giant have climbed 16.3% on a year-to-date basis. Like its Magnificent Seven peers, Microsoft came under pressure earlier this year due to trade war concerns, with the stock down nearly 20% by early April. Then, a pause in U.S. reciprocal tariffs provided some relief, leading to the stock's rebound from its April lows. However, the primary catalyst behind MSFT stock's return to an uptrend was its upbeat FQ3 earnings report, fueled by robust growth in Azure and AI. The former Three Mile Island plant — the site of the worst nuclear accident in U.S. history — could be restarted ahead of schedule, largely due to a partnership with Big Tech. Rising competition among tech companies and mounting pressure on electrical grids from the energy demands of AI computing systems have pushed Microsoft and other hyperscalers to explore nuclear power as a solution. In September of last year, Microsoft signed a 20-year power purchase agreement (PPA) with Constellation Energy (CEG) to bring the shuttered TMI Unit-1 reactor (not to be confused with Unit-2, which experienced a partial meltdown in 1979) back online in 2028, pending federal approval. Notably, Constellation shut down the 837-megawatt reactor in 2019 after it was unable to secure subsidies it claimed were necessary for the plant to remain competitive with lower-cost fossil fuels. Constellation Energy CEO Joe Dominguez stated at a press conference last Wednesday that the reactor is now expected to begin supplying power in mid-2027. The accelerated timeline can be attributed to major progress in hiring over 64% of the required full-time staff, training new licensed reactor operators, purchasing essential equipment, and securing a key early interconnection approval from grid operator PJM Interconnection. Constellation has also cited Microsoft's significant investments in the project as a key factor behind the possibility of the plant reopening in Pennsylvania sooner than originally expected. Microsoft is particularly interested in this nuclear plant due to its growing energy needs, driven by the increasing demands of its power-intensive AI data centers. It's well known that both AI and data centers consume vast amounts of electricity — and that demand is only expected to grow moving forward. Earlier this year, the International Energy Agency projected that U.S. electricity consumption from AI and data centers will surge by 130% between 2024 and 2030. That made it especially good news for Microsoft when Constellation and PJM executives announced last week that the grid operator had expedited the hookup process. 'This plant is moving faster than we ever dreamed would be possible,' said Bobby Hollis, Microsoft's vice president for energy. Notably, Microsoft committed in 2020 to become carbon negative by 2030. Company officials stated that they see the facility as a crucial step toward achieving carbon-negative status. During the Q&A session of the FQ3 earnings call, management noted that the company is essentially facing power shortages in certain locations where it wants to build data centers. So, this is actually a limiting factor for further growth in the Intelligent Cloud segment. And that's why bringing the Unit-1 reactor back online ahead of schedule would be a major win for Microsoft. On May 1, MSFT stock climbed more than 7% after the company posted a strong FQ3 double-beat. Its total revenue stood at $70.1 billion, up 13% year-over-year and beating the Wall Street consensus by $1.62 billion. Azure was the primary driver of the company's growth in the quarter. Revenue from the Intelligent Cloud segment — which includes Azure, Server Products, and Enterprise Services, and is being boosted by AI and cloud-based solutions — rose 21% year-over-year to $26.8 billion. Azure and other cloud services saw a 33% increase, with roughly half of that growth attributed to AI. The company's other business segments also delivered solid performance. Productivity and Business Processes revenue, which includes the Office suite, LinkedIn, and Dynamics 365 for enterprise resource planning, grew 21% year-over-year to $26.8 billion, driven by strong growth in Microsoft 365, Dynamics 365, and LinkedIn. Revenue in the More Personal Computing segment stood at $13.4 billion, up 6% year-over-year, driven by better-than-expected results across all businesses. Even more impressive, both operating income and net income grew faster than revenue — up 16% and 18% year-over-year, respectively —highlighting that the business is scaling effectively, driving not just revenue growth but also margin expansion. This is likely due to ongoing efficiency gains in Azure and cloud. As a result, MSFT posted EPS of $3.46, comfortably beating expectations by $0.24. Meanwhile, Microsoft returned $9.7 billion to shareholders through dividends and share buybacks in the quarter, an increase of 15% year-over-year. Looking ahead, management projects FQ4 Intelligent Cloud revenue to range between $28.75 billion and $29.05 billion, representing growth of 20% to 22% in constant currency. Azure is expected to remain the primary driver of revenue growth. The company guided for Azure growth of 34% to 35% in constant currency for FQ4. Analysts currently expect the company to post double-digit growth in both its top and bottom lines for the foreseeable future. For FY25, the tech giant is projected to deliver EPS of $13.40, a 13.59% year-over-year increase, and revenue of $279.03 billion, up 13.83% year-over-year. In terms of valuation, MSFT stock doesn't look cheap at current levels. Priced at 36.71 times forward earnings, the stock trades well above the sector median of 23.78x and its 5-year average of 31.81x. I believe caution is warranted at this point, as the current valuation offers only limited room for multiple expansion. With that, it would be ideal to scoop up the stock during pullbacks, when the multiple returns closer to its historical average of 31–32x. Wall Street analysts remain bullish on Microsoft, assigning it a 'Strong Buy' consensus rating. Out of the 46 analysts offering recommendations for the stock, 37 rate it as a 'Strong Buy,' five give a 'Moderate Buy' rating, and the remaining four advise holding. The average price target for MSFT stock is $525.46, representing 7% upside from current levels. On the date of publication, Oleksandr Pylypenko did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The National
02-07-2025
- Politics
- The National
Three Mile Island: Nuclear name change and social media strategies show power of AI energy push
With a new social media account, a name change and an appearance from a former Miss America, Constellation Energy recently held a rally to bolster support for a nuclear renaissance near the site of one of the biggest atomic accidents in US history. 'When I say 'nuclear', you say 'energy',' Grace Stanke, the 2023 Miss America winner-turned-nuclear energy engineer and advocate, shouted to the crowd at the site of the Three Mile Island Unit 1 reactor in Pennsylvania. Pennsylvania Governor Josh Shapiro also took part in the rally with 400 in attendance, many of them Constellation Energy employees. 'This restart will safely take advantage of existing infrastructure while creating thousands of energy jobs and strengthening Pennsylvania's legacy as a national energy leader,' the Democratic Governor said. Initially named Three Mile Island Unit 1, (TMI1), the reactor, which is shut down, now goes by the name Crane Clean Energy Centre. This name change followed last year's announcement by Constellation Energy and Microsoft of a two-decade power purchase agreement, under which the plant will resume operations to fill a potential energy grid gap created by power-hungry AI data centres. That announcement raised eyebrows in part because Three Mile Island played a large role in creating a stigma around nuclear energy that has lingered in the US for many years. In 1979, the core of the plant's Unit 2 reactor was partially exposed, leading to a temporary evacuation of the nearby area and a lengthy clean-up. Debate and studies continue into the potential health effects stemming from the accident. A recent Netflix documentary also reignited interest and controversy about Three Mile Island (TMI). Constellation touched on the 1979 accident in its announcement of the Microsoft deal with Microsoft, attempting to make clear the damaged reactor was not going to be part of the new project. 'The Unit 1 reactor is located adjacent to TMI Unit 2, which shut down in 1979 and is in the process of being decommissioned by its owner, Energy Solutions,' the Constellation said. 'TMI Unit 1 is a fully independent facility, and its long-term operation was not impacted by the Unit 2 accident.' Yet despite the recent rally held by Constellation, and even amid several polls showing nuclear energy receiving more support in recent years, not everybody is on board with the project. 'The name change is not about remembering, it's about forgetting,' said Eric Epstein, director of Three Mile Island Alert, a grass roots safe energy organisation founded in 1977, two years before the Unit 2 accident. Mr Epstein, who unsuccessfully filed a petition with the Nuclear Regulatory Commission to oppose the name change, has not backed down from his critiques of Constellation's partnership with Microsoft, and for that matter, the much touted nuclear renaissance driven by AI energy demands. 'The name change is intended to honour Chris Crane, the former CEO of Exelon, who presided over a massive nuclear corruption scheme resulting in a $200 million fine,' he said. The name change is an 'attempt to establish a fictional narrative divorced from past misdeeds,' he told The National. As well as Mr Epstein's concerns about nuclear waste storage, the lingering clean-up at Unit 2 and fears about potential over-running costs that might burden taxpayers, he has alleged that Pennsylvanians will not be benefiting from the electricity generated once Crane Energy Centre goes online. 'The partnership between data centres and nuclear power plants has the potential to meet the needs of data centres, but does nothing to address the energy needs of businesses, consumers and farmers,' he recently told the Pennsylvania public utility commission. Yet in terms of nationwide public sentiment, Mr Epstein might be fighting an uphill battle. According to Pew Research polling last month, about 59 per cent of US citizens now support nuclear energy as a way to meet the country's energy demands. Other US technology companies have joined in the push for nuclear energy to plug the electricity gap potentially posed by AI technology. Meta, parent company of Facebook, Instagram and WhatsApp, recently teamed up with Constellation for a 20-year power purchase agreement to revive a nuclear plant in Illinois. 'Nuclear energy from the project will be used to support Meta's operations in the region,' Meta said. 'We're building AI technologies that are transforming the global economy and the way people connect … our data centres enable these innovations.' As for the Crane Energy Centre in Pennsylvania, Constellation says the plant, originally set to reopen in 2028, is ahead of schedule with some of its regulatory processes, and may be online as early as 2027. Meanwhile, some still warn the AI tech bubble could burst, meaning many of these deals could be risky. For now, however, the AI investments, data centres and overall infrastructure in need of energy show no sign of slowing down.
Bloomberg
30-06-2025
- Business
- Bloomberg
Three Mile Island's Reboot Moves Into the Fast Lane in Win for Microsoft
Welcome to our guide to the commodities markets powering the global economy. Today, energy reporter Will Wade looks at how the much-anticipated restart of the Three Mile Island nuclear plant in Pennsylvania is coming together faster than expected. Constellation Energy Corp. announced in September that it plans to restart a mothballed nuclear reactor at Three Mile Island in the eastern US, with executives saying the site would be ready to deliver power in 2028. Now, that timeline just got shorter.
