« Reply #3 on: December 25, 2024, 06:31:26 pm »
... until there isn't enough electricity to power FaceBook and Microsoft data centers.
There already isn't...
Microsoft deal propels Three Mile Island restart, with key permits still neededhttps://www.reuters.com/markets/deals/constellation-inks-power-supply-deal-with-microsoft-2024-09-20/Constellation Energy (CEG.O) and Microsoft (MSFT.O) have signed a power deal to help resurrect a unit of the Three Mile Island nuclear plant in Pennsylvania in what would be the first-ever restart of its kind, the companies said on Friday.
Key regulatory permits for the plant's new life, however, haven't been filed, regulators say.
Big tech has led to a sudden surge in U.S. electricity demand for data centers needed to expand technologies like artificial intelligence and cloud computing. Nuclear energy, which is nearly carbon-free and broadly considered more reliable than energy sources like solar and wind, has become a popular option for technology companies with uninterrupted power needs and climate pledges.
"Nuclear plants are the only energy sources that can consistently deliver on that promise," Constellation Chief Executive Officer Joe Dominguez said in a statement.
Constellation's shares were up more than 20% by early afternoon to $251.42 and have risen more than 100% so far this year.
Power from the plant would be used to offset Microsoft's data center electricity use, the companies said.
(snip)
Under the Constellation-Microsoft deal, Microsoft will purchase energy from the restarted plant for a period of 20 years. The Three Mile Island unit will provide 835 megawatts of electricity, or enough to power about 700,000 homes.
(snip)
The power supply deals with A.I. data centers are also facing increased scrutiny. A similar deal between Talen Energy (TLN.O) and Amazon (AMZN.O) signed earlier this year has been challenged by a group of electric utilities alleging it could spike costs for customers or hamper grid reliability.
« Last Edit: December 25, 2024, 06:32:38 pm by Timber Rattler »

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