The Energy Department has finalized a $1.5 billion loan to revive the Holtec Palisades nuclear plant in Michigan, marking it as the first nuclear plant restart in the U.S.
This comes on the heels of a $1.6 billion agreement between Microsoft and Constellation Energy to restart the Pennsylvania's Three Mile Island reactor, slated for operation in 2028.
A recent Energy Department memo highlights a resurgence in U.S. nuclear power, noting projections of substantial demand surges from data centers that align well with existing nuclear facilities.
Tech giants like OpenAI are proposing the establishment of large, energy-heavy data centers across the U.S. that would significantly increase the demand for nuclear energy.
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