• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Stock

Three Mile Island nuclear plant to help power Microsoft’s data-center needs

by September 20, 2024
written by September 20, 2024

A unit of Pennsylvania’s Three Mile Island nuclear plant will be restarted as part of a new energy-sharing agreement with Microsoft, which plans to use it to power the data centers it operates as part of its push into artificial intelligence.

In a joint release, Microsoft and Constellation Energy, Pennsylvania’s main utility, said Three Mile Island Unit 1, a unit separate from the one that sparked the infamous shutdown nearly five decades ago, will be used to provide clean energy to the tech giant as the artificial intelligence arms race heats up.

Constellation shut down Unit 1 in 2019 due to operating losses. Unit 2 was shut down in the wake of the 1979 incident that saw a partial core meltdown that led radioactive compounds to be released into the environment.

Studies have produced a range of estimates for the death toll over the course of 30 years as a result of the radiation release — but it is often cited as having set back America’s nuclear-energy push for a generation.

Today, energy has become the new coin of the realm for companies investing in artificial intelligence. That’s because the data centers tasked with running the complex calculations needed to power artificial intelligence applications require enormous amounts of power. Restarting Unit 1 will mean bringing 800 megawatts back onto the grid, greater than the amount of hydroelectric power supplied by the Hoover Dam.

Additional shuttered nuclear factories now being considered for reactivation amid the broader AI-data center push can be found in Michigan and Iowa, while a half-dozen other states are reversing moratoriums on new nuclear plants.

Microsoft’s vice president of energy touted the clean-energy benefits of reviving the facility in a statement.

“This agreement is a major milestone in Microsoft’s efforts to help decarbonize the grid in support of our commitment to become carbon negative,’ Bobby Hollis said. ‘Microsoft continues to collaborate with energy providers to develop carbon-free energy sources to help meet the grids’ capacity and reliability needs.”

Earlier this week, Microsoft and investment group BlackRock announced a new, $100 billion initiative to develop data centers for artificial intelligence. While analysts are still debating what the AI push has accomplished to date, companies worldwide see it as the next great business opportunity.

Microsoft CEO Satya Nadella recently shrugged off doubts about AI’s payoff, comparing it to the trajectory of the Industrial Revolution

‘There was not that much industrial growth, and then it took off,’ he said at a recent conference. ‘1817 in the United States to the 1940s was just one of those golden ages.’

This post appeared first on NBC NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
ABC’s shameless debate didn’t even survive its own fact-check
next post
After repeated promises from Biden administration that a cease-fire is close, war in Middle East is escalating

related articles

Longtime Walmart CEO to step down in January

November 17, 2025

More than 1,000 Starbucks workers strike at 65...

November 15, 2025

October monthly job cuts surged to a 22-year...

November 7, 2025

Yum Brands begins strategic review for struggling Pizza...

November 5, 2025

Kimberly-Clark to buy Kenvue in $48.7 billion deal

November 3, 2025

Barbie, Monopoly toymakers see bright holiday season despite...

October 29, 2025

Target is eliminating 1,800 corporate jobs as it...

October 24, 2025

X-ray tables, hidden cameras: The tech in rigged...

October 24, 2025

Travis Kelce part of investor group aiming to...

October 24, 2025

Trump’s Argentina beef import plan will harm U.S....

October 23, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Trump inauguration: Who is expected to attend, and who is boycotting?

    January 19, 2025
  • Trump ally who donated $130 million to pay troops amid shutdown revealed as reclusive billionaire heir: report

    October 26, 2025
  • AT&T announces significant data breach affecting customer call and text records

    July 12, 2024
  • Inflation rate falls to 2.9% in July, adding to signs that surging prices have abated

    August 15, 2024
  • Elon Musk delays Tesla humanoid robots to 2025: Should investors be concerned?

    July 22, 2024

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    District judges’ orders blocking Trump agenda face hearing in top Senate committee

    April 2, 2025
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024

Categories

  • Economy (829)
  • Editor's Pick (6,800)
  • Investing (634)
  • Stock (951)

Latest Posts

  • Super Micro stock surges

    November 19, 2024
  • EURGBP and EURCHF: EURGBP falls to a two-week low

    August 19, 2024
  • Public opinion turns against Trump-backed tax and spending bill, new survey finds

    June 12, 2025

Recent Posts

  • James Comey seeks to dismiss his criminal case, citing ‘vindictive’ prosecution

    October 20, 2025
  • US made aware of Israel’s strike on Iran days in advance; IDF says mission complete

    October 26, 2024
  • Trump fans endure frigid temps, sleet and snow for a chance to see president-elect

    January 20, 2025

Editor’s Pick

  • Jordan remains ‘last holdout’ as Iran looks to create new ‘terror front’ on Israeli border

    August 13, 2024
  • RFK Jr shocked over pregnant moms protesting Trump with Tylenol: ‘Pathological’

    October 9, 2025
  • Dems flood defense bill with far-left amendments aimed at Trump

    September 9, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock