Microsoft’s recent deal with Constellation Energy to reopen a portion of the Three Mile Island nuclear site is turning heads among energy analysts — and not just because of the location.
Reuters reports that the tech giant may be willing to pay top dollar for abundant nuclear energy for its power-hungry data centers. What’s more, the move could help the company to meet its carbon-reducing energy goals in coming years while revitalizing a site most known for the terrible meltdown that happened there decades ago, according to multiple news sites.
A Sept. 20 Constellation news release introduces the project in Middletown, Pennsylvania, as the Crane Clean Energy Center. Constellation’s stock jumped 22% after the news was made public. And Microsoft is reported to be willing to pay the utility up to $115 per megawatt-hour through two decades. That’s a premium when compared to market expectations, all per Reuters. …