Microsoft to Pay Premium for Nuclear Energy in Three Mile Island Deal to Meet Rising Demands for AI

  • 9 hours ago
Microsoft is estimated to pay Constellation Energy a premium under a 20-year power purchase agreement to restart a unit of the Three Mile Island nuclear plant in Pennsylvania. The deal addresses the rising demand for clean energy from AI-powered data centers. Jefferies analysts estimate that Microsoft will pay a significant premium for its power purchase agreement with Constellation, exceeding typical market rates for similar deals. They noted that customers are increasingly willing to pay higher prices for virtual nuclear agreements, boosting demand for these energy contracts.

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