• 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

What falling wage growth says about where the...

April 7, 2026

Savannah Guthrie returns to ‘TODAY’ amid search for...

April 7, 2026

U.S. added 178,000 jobs in March, reflecting resilient...

April 6, 2026

U.S. oil has its biggest one-day price increase...

April 6, 2026

Is America on the cusp of a farm...

April 6, 2026

Republican leaders announce two-track plan to end the...

April 3, 2026

Hershey to resume using chocolate in most products;...

April 2, 2026

Stocks have their worst quarter since 2022, raising...

April 2, 2026

A global jet fuel shortage is raising the...

April 2, 2026

Average U.S. gas price hits $4 for the...

April 2, 2026
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’s ‘shock and awe’: Forget first 100 days, new president shows off frenetic pace in first 100 hours

    January 23, 2025
  • Why big investors won’t sell these 3 high-yield pipeline stocks

    April 9, 2026
  • UK govt-backed review says Britain’s national parks feel ‘white’ and unwelcoming

    February 3, 2026
  • Senate Democrats speak all night against Trump OMB nominee, delaying confirmation vote

    February 6, 2025
  • Israel launches new ground operation in Gaza

    March 19, 2025

Popular Posts

  • 1

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

    April 2, 2025
  • 2

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

    July 21, 2024
  • 3

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

    July 19, 2024
  • 4

    CoreWeave eyes $1.5B bond raise to ease debt load following lacklustre IPO: report

    May 9, 2025
  • 5

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024

Categories

  • Economy (829)
  • Editor's Pick (8,502)
  • Investing (1,715)
  • Stock (1,017)

Latest Posts

  • German conservative’s bid for chancellor falls short, a first in more than 75 years

    May 6, 2025
  • China releases 3 ‘wrongfully detained’ Americans, White House says

    November 27, 2024
  • Why Blue Owl Capital stock is gaining today?

    March 23, 2026

Recent Posts

  • 4 of the biggest clashes between Patel, Senate Dems at his confirmation hearing

    January 31, 2025
  • Mike Rowe unleashes on Jimmy Kimmel’s latest ‘tone-deaf’ takedown targeting everyday Americans

    March 30, 2026
  • BNGO Stock: BioNano Genomics Analysis and Forecast

    March 20, 2025

Editor’s Pick

  • GOP triggers nuclear option in Senate to break Dem blockade of Trump nominees

    September 11, 2025
  • Former Virginia governor challenges Spanberger to debate her redistricting flip-flop

    April 1, 2026
  • EURUSD and GBPUSD: EURUSD stabilizes before the ECB report

    October 14, 2024
  • 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