News Summary

The Trump administration has granted Constellation Energy a $1 billion loan to restart a nuclear reactor at Three Mile Island, a move that highlights the growing interest of tech companies like Microsoft in nuclear energy to meet rising power demands. Microsoft has committed to purchasing all the electricity generated by the 835-megawatt power plant for two decades. This initiative is facilitated by the Department of Energy’s Loan Programs Office (LPO), which was established to promote clean energy technologies. The project is expected to be completed by 2028 and involves refurbishing Unit 1 of the reactor, which was taken offline in 2019 due to the low profitability of natural gas.