The Revenue Rises
  • Politics
  • Stocks
  • Business
  • Economy
Trending Now
S&P 500 Earnings for 2025 Q1 — Still...
Money’s Not Leaving the Market — It’s Rotating!
From Oversold to Opportunity: Small Caps on the...
Tariffs and weaker beer demand are weighing on...
Essence Fest leads a summer of events for...
Pullbacks & Reversals: Stocks Setting Up for Big...
S&P 500 Earnings for 2025 Q1 — Still...
Market Signals Align – Is a Bigger Move...
MACD Crossovers: Why Most Traders Get It Wrong
Should You Buy Roblox Stock Now? Key Levels...

The Revenue Rises

  • Politics
  • Stocks
  • Business
  • Economy
Business

Three Mile Island nuclear plant to help power Microsoft’s data-center needs

by admin September 21, 2024
September 21, 2024
Three Mile Island nuclear plant to help power Microsoft’s data-center needs

A unit of Pennsylvania’s Three Mile Island nuclear plant will be restarted as part of a new energy-sharing agreement with Microsoft, which plans to use it to power the data centers it operates as part of its push into artificial intelligence.

In a joint release, Microsoft and Constellation Energy, Pennsylvania’s main utility, said Three Mile Island Unit 1, a unit separate from the one that sparked the infamous shutdown nearly five decades ago, will be used to provide clean energy to the tech giant as the artificial intelligence arms race heats up.

Constellation shut down Unit 1 in 2019 due to operating losses. Unit 2 was shut down in the wake of the 1979 incident that saw a partial core meltdown that led radioactive compounds to be released into the environment.

Studies have produced a range of estimates for the death toll over the course of 30 years as a result of the radiation release — but it is often cited as having set back America’s nuclear-energy push for a generation.

Today, energy has become the new coin of the realm for companies investing in artificial intelligence. That’s because the data centers tasked with running the complex calculations needed to power artificial intelligence applications require enormous amounts of power. Restarting Unit 1 will mean bringing 800 megawatts back onto the grid, greater than the amount of hydroelectric power supplied by the Hoover Dam.

Additional shuttered nuclear factories now being considered for reactivation amid the broader AI-data center push can be found in Michigan and Iowa, while a half-dozen other states are reversing moratoriums on new nuclear plants.

Microsoft’s vice president of energy touted the clean-energy benefits of reviving the facility in a statement.

“This agreement is a major milestone in Microsoft’s efforts to help decarbonize the grid in support of our commitment to become carbon negative,’ Bobby Hollis said. ‘Microsoft continues to collaborate with energy providers to develop carbon-free energy sources to help meet the grids’ capacity and reliability needs.”

Earlier this week, Microsoft and investment group BlackRock announced a new, $100 billion initiative to develop data centers for artificial intelligence. While analysts are still debating what the AI push has accomplished to date, companies worldwide see it as the next great business opportunity.

Microsoft CEO Satya Nadella recently shrugged off doubts about AI’s payoff, comparing it to the trajectory of the Industrial Revolution

‘There was not that much industrial growth, and then it took off,’ he said at a recent conference. ‘1817 in the United States to the 1940s was just one of those golden ages.’

This post appeared first on NBC NEWS

previous post
Stock Market Today: Fed Cuts Rates and Market Makes Last Minute U-Turn
next post
Kamala Harris posts huge cash advantage over Donald Trump

Related Posts

Procter & Gamble to cut 7,000 jobs as...

June 14, 2025

AMD launches AI chip to rival Nvidia’s Blackwell

October 11, 2024

The 10 worst states to retire in the...

August 1, 2024

‘RFK’ing the french fries’: Steak ‘n Shake becomes...

March 18, 2025

Elon Musk’s X sues advertisers over alleged ‘massive...

August 7, 2024

McDonald’s revenue disappoints, as U.S. sales see worst...

February 11, 2025

Musk loses more than $100B as Tesla gives...

February 28, 2025

OpenAI is done with Shipmas and staring down...

December 21, 2024

As retailers drop DEI programs, Black founders could...

February 15, 2025

Amazon hikes wages for contract delivery drivers as...

September 14, 2024

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • S&P 500 Earnings for 2025 Q1 — Still Overvalued
    • Money’s Not Leaving the Market — It’s Rotating!
    • From Oversold to Opportunity: Small Caps on the Move
    • Tariffs and weaker beer demand are weighing on Modelo owner Constellation Brands
    • Essence Fest leads a summer of events for Black entrepreneurs galvanized by economic uncertainty

    Popular Posts

    • 1

      Polls show some good early signs for Kamala Harris

      July 26, 2024
    • 2

      Solana and Cardano: Solana is waiting for a new impulse

      July 18, 2024
    • 3

      The presidential race shifts — modestly, so far — toward Harris

      August 6, 2024
    • 4

      Donald Trump’s imaginary and frightening world

      September 23, 2024
    • 5

      Bitcoin Rebounds to $83,404 Amid Renewed Investor Confidence

      June 4, 2025

    Categories

    • Business (729)
    • Economy (975)
    • Politics (873)
    • Stocks (867)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: therevenuerises.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 The Revenue Rises. All Rights Reserved.