Trump Administration Reviving Three Mile Island With $1 Billion Loan
Summary
The U.S. Department of Energy will lend $1 billion to restart a nuclear reactor at Three Mile Island in Pennsylvania. The plant, which has been inactive since 2019, will supply power to Microsoft data centers once operational again in 2027.Key Facts
- The U.S. Department of Energy plans to loan $1 billion for the Three Mile Island nuclear reactor restart.
- The reactor, owned by Constellation Energy, has been offline since 2019.
- Microsoft has a 20-year agreement to purchase power from the restarted reactor.
- The reactor can produce 835 megawatts, enough to power about 800,000 homes.
- The restart is part of a broader effort to support nuclear energy and AI development.
- This initiative is funded through a $250 billion federal energy infrastructure program.
- The Three Mile Island site experienced a major nuclear incident in 1979.
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