The owner of the shuttered Three Mile Island nuclear plant is pursuing a $1.6 billion federal loan guarantee to help finance its plan to restart the Pennsylvania facility and sell the electricity to Microsoft to power data centers, according to details of the application shared with The Washington Post. Get a curated selection of 10 of our best stories in your inbox every weekend.
The taxpayer-backed loan could give Microsoft and Three Mile Island owner Constellation Energy a major boost in their unprecedented bid to steer all the power from a U.S. nuclear plant to a single company.
Microsoft, which declined to comment on the bid for a loan guarantee, is among the large tech companies scouring the nation for zero-emissions power as they seek to build data centers. It is among the leaders in the global competition to dominate the field of artificial intelligence, which consumes enormous amounts of electricity.
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Nuclear energy had always been a way to funnel public money into private pockets. It never has and never will work without massive subsidies.
In the US. Where we run all energy production that way. That’s a pretty big asterisk. Because other countries realize it’s a public good that they cannot function without. So it’s owned and operated by the government.
You’re being downvoted, as is tradition, but you’re right.