Despite a history that includes notable disasters, nuclear power plants hold promise for cleaner, sustainable energy production. The Department of Energy reported on Sept. 30 that the operator of the Palisades nuclear plant in Michigan will receive a $1.5 billion loan to help restart the plant’s reactor, marking the first revival of a shuttered nuclear plant in U.S. history. Privately held Holtec International hopes to get the nod from the U.S. Nuclear Regulatory Commission to restart the plant in late 2025, paving the way for other nuclear projects.
At least one is not far behind. On Sept. 20, utility Constellation Energy Corp. (ticker: CEG ) said it would restart a unit at the Three Mile Island nuclear power plant in Pennsylvania, with Microsoft Corp. ( MSFT ) agreeing to purchase energy from the revived plant to power its data centers.
The announcement hits at three key factors to understand when investing […]
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