Three Mile Island owner seeks $1.6 billion federal loan to restart nuclear plant for Microsoft AI facility
Constellation Energy, the utility company that owns Pennsylvania's Three Mile Island nuclear plant, is expected to seek a $1.6 billion federal loan guarantee for its project to restart a reactor that would provide power to Microsoft for a new artificial intelligence data center.
Nuclear plant restart boosted with closing of $1.5B federal loan guarantee
The U.S. Energy Department on Monday finalized a $1.5 billion loan guarantee to help Holtec International restart the Palisades nuclear power in southwest Michigan, an effort that will be bolstered by $1.3 billion in federal grants for two rural cooperatives that plan to buy electricity generated by the facility.
A new scheme for AI fuel could offload financial risk from Microsoft's business partner onto the American taxpayer.
Shares of EVgo Inc. (NASDAQ:EVGO) soared 24% on Wednesday, driven by a bullish upgrade from JPMorgan and news of a $1 billion ...
Financial assistance to help utility giant Constellation Energy restart a nuclear unit at Three Mile Island is also under ...
EVgo (NASDAQ:EVGO) has received a conditional loan guarantee of up to $1.05B from the U.S. Department of Energy to drive ...
If finalized, the loan guarantee will support EVgo's deployment of about 7,500 public stalls with high power chargers that ...
Shares of EVgo Inc. surged the most in more than three years after the electric vehicle charging company received a ...
It comes about a week after Microsoft announced a deal to reactivate a nuclear unit at Pennsylvania’s Three Mile Island.
WASHINGTON (Reuters) -Holtec, the company wanting to reopen the Palisades nuclear reactor in Michigan, found corrosion ...
The Biden administration said on Monday that a final deal had been made to give an energy company a $1.52 billion loan ...
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