Whale Large Capital
  • Politics
  • World News
  • Business
  • Investing
  • Politics
  • World News
  • Business
  • Investing

Whale Large Capital

Business

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

by September 20, 2024
September 20, 2024
Three Mile Island nuclear plant to help power Microsoft’s data-center needs

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
FacebookTwitterGoogle +Pinterest
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

You may also like

Big Lots files for bankruptcy protection as it...

September 10, 2024

Musk says time commitment to DOGE will ‘drop...

April 23, 2025

Jaguar reveals glossy rebrand that features no cars...

November 21, 2024

23andMe to delist from Nasdaq, deregister with SEC

May 28, 2025

Berkshire Hathaway employee wins $1 million in Warren...

March 26, 2025

‘RFK’ing the french fries’: Steak ‘n Shake becomes...

March 17, 2025

Capital One outage drags into Friday afternoon, leaving...

January 18, 2025

Apple looking to make ‘premium’-priced folding iPhones starting...

June 20, 2025

As his feud with Trump reignites, Musk’s business...

July 2, 2025

Peloton launching resale market for used bikes, treadmills

June 4, 2025

    Subscribe today to receive exclusive access to all our retirement secrets and income strategies, including special financial news and updates from our experts. From time to time, our newsletters feature valuable insights and analysis on the latest financial trends. Don't miss out on these exclusive updates – join our subscription to stay informed!


    By opting in you agree to receive emails from us. Your information is secure and your privacy is protected.



    Latest

    • House Republicans float grilling Joe, Jill Biden as former aides stonewall cover-up probe

      July 16, 2025
    • Republicans fixated on Epstein are getting ‘duped’ by Democrats, Trump insists

      July 16, 2025
    • Former DC councilmember wins back seat months after being expelled over bribery charge

      July 16, 2025
    • Senate marches toward passing Trump’s $9B clawback bill after dramatic late-night votes

      July 16, 2025
    • Japan calls axis of China, Russia, North Korea the ‘gravest threat’ to global order since WWII

      July 16, 2025
    • Congress considers permanent national park fee increase for international visitors

      July 16, 2025

    Categories

    • Business (718)
    • Investing (661)
    • Politics (4,936)
    • World News (3,213)
    • Terms & Conditions
    • Privacy Policy
    • Contact us
    • About us

    Disclaimer: WhaleLargeCapital.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 © 2024 WhaleLargeCapital.com | All Rights Reserved