“The world was abuzz two weeks ago when we learned that the notorious Three Mile Island nuclear power plant – site of the worst nuclear accident in U.S. history – would restart to power Microsoft data centers. As we said at the time, that was only the beginning, as the staggering electricity needs of the coming AI revolution – which we dubbed “the next AI trade” earlier in the year, meant that much more nuclear capacity will have to be either built from scratch or reopened. Sure enough, the US said on Monday that it closed a $1.52 billion loan to resurrect Holtec’s Palisades nuclear plant in Michigan, and a senior Biden administration official said it could take two years to reopen the plant (longer than the company predicted). The Biden administration has called for a tripling of U.S. nuclear power capacity as U.S. power demand surges and worries about climate change mount. The Trump administration, should it take over in November, will be even more aggressive about the coming US nuclear renaissance.”
US Closes $1.5 Billion Loan To Resurrect Shuttered Michigan Nuclear Power Plant | ZeroHedge