Trump DOE gives Microsoft partner $1B loan to restart Three Mile Island reactor
Constellation Energy plans to refurbish an idled reactor with a loan, and Microsoft will purchase the power generated once it reopens in 2028.
MAIN POINTS
- Constellation Energy received a loan to refurbish a reactor.
- The reactor was initially idled in 2019.
- Microsoft has committed to buying the power from this reactor.
- The facility is scheduled to reopen in 2028.
TAKEAWAYS
- The refurbishment of the reactor is financially supported by a loan.
- A significant energy purchase agreement is in place with Microsoft.
- The reactor's reopening is planned for a decade after its idling.
- This collaboration highlights a long-term commitment to energy solutions.